Current Report 1/2018

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 January 2018 of preliminary sales reports, the Management Board of INPRO S.A. with its registered office in Gdańsk informs that in 2016 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 739 agreements i.e. 90% more than in the comparable period of the previous year comprising the period from January to December.  INPRO itself achieved advance sales at the level of 493 premises (compared to 262 in 2016).

As it was explained in current report No. 30/2017 of 30/10/2017, the improved advance sales level is due to the number of premises on sale which is higher in 2017 compared to 2016 on the one hand, and to a stronger customer interest in the Company's offer, including those projects which, as the Company can observe, are most popular at the moment, i.e. Kwartał Uniwersytecki stage II, Optima stage I, Harmonia Oliwska stages I and II, and Leszczynowy Staw on the other. The low level of the comparable base, that is the level of advance sales in 2016, should also be emphasized.

At the same time, the Management Board of INPRO S.A. informs that over the entire year 2017 the Group handed over the total of 433 premises in comparison with 463 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 (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)