INPRO : Information on the number of preliminary premises sale agreements in the 3rd quarter 2018

Information on the number of preliminary premises sale agreements in the 3rd quarter 2018

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 4 October 2018 of internal sales reports, the Management Board of INPRO S.A. with its registered office in Gdańsk informs that in the third quarter 2018 the INPRO Corporate Group achieved advance sales (in the meaning of concluded preliminary sale agreements net i.e. with the resignations taken into consideration: 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. 13 % less than in the comparable period of the previous year comprising the period from July to September.
The high level of advance sales is the general trend at the property development market. The Group has a diversified sales offer which attracts intense interest of the customers.
In summary, the net sales for the three quarters of 2018 were 638 agreements, a 31 % increase against the three quarters of the previous year.
The Management Board of INPRO S.A. also informs that in the third quarter 2018 the Group handed over the total of 88 premises in comparison with 29 premises last year.
Detailed legal grounds: Article 17 par. 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)