Date: 30 June 2020
Body of the report: The Management Board of Dino Polska S.A. (“Company”) reports that on 30 June 2020, acting pursuant to the consent given by the Company’s Supervisory Board, it signed an annex (“Annex”) to the framework agreement for construction work executed on 3 March 2017 (“Framework Agreement”) between the Company and Krot Invest KR Inżynieria spółka z ograniczoną odpowiedzialnością SKA (“General Contractor”) which the Company reported in its issue prospectus in 2017.
The Framework Agreement defines the terms and conditions according to which the orders to build the individual Dino stores the Company submits to the General Contractor are supposed to be performed. By the power of the Annex, the term for which the Framework Agreement has been executed is extended from 30 June 2020 to 30 June 2025. The fee defined in the Framework Agreement per 1 square meter of floor space of development due to the General Contractor for building a store will remain unchanged with the stipulation that by the power of the Annex a mechanism will be introduced to index this fee once a year, starting from the date of signing the Annex, using the construction and assembly price index (for the construction of buildings) published by the President of the Central Statistical Office for the year preceding the year to which the indexation applies. The other material terms and conditions of the Agreement are not subject to change.
The Company has made the decision to publish the above information on account of the great significance it has for the ongoing organic growth of Dino Polska S.A. According to the Company, signing the Annex will enable it to maintain a high level of standardization and efficiency in the investment process pertaining to the launch of new Dino stores and will make it possible to maintain the rapid rollout of the Dino network in upcoming years.
Legal basis: Article 17 Section 1 of Regulation (EU) No 596/2014 of the European Parliament and of the Council on market abuse (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 – confidential information.