Date: 23 June 2020
Body of the report: The Management Board of Dino Polska S.A. (“Company”) reports that today, i.e. 23 June 2020 it made the decision to commence the construction of the Company’s two new distribution centers in the communities of Sieroniowice in the Opolskie Voivodship and Sierpc in the Mazowieckie Voivodship (“Investment”).
In connection with this Investment the Company will enter into a number of contracts with entities independent of the Company that specialize in the execution of such investments, including the entity that will play the role of general contractor. This investment will involve the comprehensive construction and fit-out of the freezer, refrigerated storage area, controlled-temperature warehouses, dry goods warehouse and social and office space with the accompanying technical infrastructure, internal roads and parking spots. The total planned warehouse space of a single distribution center will be 45 thousand square meters.
The (net) estimated investment expenditures are approximately PLN 80 million per distribution center and will be financed using the Company’s own funds and bank loans. The purpose of the new distribution centers is to handle the deliveries of goods to the growing number of Dino stores and support the network’s ongoing geographic expansion. The Company anticipates that the construction of the two distribution centers will be completed in 2021.
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.