Current Report 30/2020

Information on the number of preliminary premises sale agreements in the 3rd quarter 2020

Only the Polish version of this document is legally binding.
This translation is provided for information only.
Every effort has been made to ensure the accuracy of this publication.

In relation to receipt on 5 October 2020 of preliminary internal sales reports, the Management Board of INPRO S.A. with its registered office in Gdańsk informs that in the third quarter 2020 the INPRO Corporate Group achieved preliminary sales (in the meaning of concluded preliminary sale agreements net i.e. with the resignations taken into consideration in relation to: reservation agreements, preliminary sale agreements concerning completed projects, agreements with entities other than customers who are natural persons, and agreements concerning commercial premises, and documents issued to customers on information concerning the conclusion of property development agreements, such documents enabling the customers to file an application for funds for the financing of the property development agreement) at the level of 193 agreements i.e. 12 % less than in the comparable period (the Group sold the total of 220 units in the 3rd quarter of 2019).

In summary, the net sales for the three quarters of 2020 comprised 474 agreements, compared to 584 agreements concluded in the first three quarters of the previous year.

The Management Board of INPRO S.A. also informs that in the 3rd quarter 2020 the Group handed over the total of 144 units in comparison with 83 in the 3rd quarter 2019.

In the opinion of the Management Board of INPRO SA, the sales results in the next months will be determined mainly by the factors directly related to the SARS-CoV-2 epidemic. As the situation is complex, it is difficult to assess the influence of the pandemic on the Group’s activity in the long-term perspective.

Detailed legal grounds: Article 17 para. 1 of the Regulation of the European Parliament and of the Council (EU) No 596/2014 of 16 April 2014 on market abuse (the market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC (also referred to as the MAR).