Board of Invista S.A. (Company, Issuer) on October 2, 2018 concluded a conditional agreement for the sale of owned rights and claims (ie, ¼ of the total) to a real property at ul. Noakowskiego 10 in Warsaw (Contract) for PLN 3.4 million, owned by the Capital City of Warsaw.
The contract was concluded on the condition that the President of the capital city of Warsaw failed to exercise the statutory pre-emption right.
The contract transferring ownership will be concluded not later than by the end of 2018. The payment of the price will be made on the date of conclusion of the agreement transferring the ownership of the assets described above.
The transfer of ownership of the rights covered by the Agreement took place on the date of its conclusion.
The assets listed above consist of property claims recognized in the Issuer's investment portfolio.
The contract does not contain provisions regarding contractual penalties and its remaining provisions do not differ from the standards used in this type of contracts.
Source: company website, investor relations, current and periodic reports.