Date: 6 November 2023
The Management Board of DINO POLSKA S.A. (“Company”) reports that on 6 November 2023 the decision was made to build three new distribution centers in the following communities: Biała Piska (Warmia and Mazury Voivodship), Janów Lubelski (Lubelskie Voivodship) and Morawica (Świętokrzyskie Voivodship) (“Investment”).
In connection with this Investment contracts will be executed with entities independent of the Company that specialize in performing such investments, including entities that will play the role of general contractor. This investment will involve the comprehensive construction and fit-out of the distribution centers including among others the freezer, refrigerated storage area, controlled-temperature warehouses, dry goods warehouse and social and office space with the accompanying technical infrastructure, internal roads, parking spots and their own ecological source of electricity in the form of a 1 MW photovoltaic installation. The total planned warehouse space of each distribution center will be roughly 45 thousand square meters.
The (net) estimated capital expenditures are approximately PLN 140 million per distribution center (roughly PLN 420 million in total) and will be financed using the Company’s own funds. 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 expects that the Investment will be completed in 2024 (in respect of the Morawica distribution center) and 2025 (in respect of the other two distribution centers).
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.