Current report no 42 / 2011

Current report no 42 / 2011 - 20 May 2011 / 00:00

Construction of an office building complex “Libra Business Centre”–annex to the conditional contract

With regards to the current reports No. 26/2010 of 25 March 2010 and 59/2010 of 23 July 2010, the Management Board of Budimex SA announces that the annex to the contract with Palatium Sp. z o.o. with registered seat in Warsaw, on the construction of an office building complex Libra Business Centre Stage 2, was signed on 20 May 2011.
Pursuant to the annex, the parties determined that until 30 June 2011 they will agree a new deadline for entering the contract into force as well as other conditions resulting from the change of deadline because of no realization in the intended period of a condition consisting of submitting by the investor of a bank statement to confirm the investor’s security of funding. Thus, the agreement will not enter into force before 30 June 2011.
Deadline for performance of the contract is 15 months from the date of entry into force.
In other regards, the wording of the contract remains unchanged.