Disposal by a subsidiary of the Issuer of a 30% interest in an investment constituting an office building carried out on a real property located in the area of ul. Towarowa in Warsaw
Further to the information published in the form of current report No. 31/2022, the Management Board of Echo Investment S.A. (the “Company” or the “Issuer”) hereby reports that on 4 September 2025, Strood sp. z o.o. (“Strood”), in which the Company holds 100% of the shares, concluded, in the exercise of its put option, a share purchase agreement with Pebworth sp. z o.o. (“Pebworth”), a subsidiary of AFI Europe N.V., concerning the sale by Strood of 30% of the shares in the share capital of T22 Budynek B sp. z o.o. (“T22 Budynek B”) (the “Agreement” and the “Transaction”, respectively), holding a project constituting an office building (“Building B”) within the Towarowa 22 complex located in Warsaw (the “Project”).
The parties set the initial purchase price of the shares in the share capital of T22 Budynek B at EUR 17,391,283, and the repayment amount of the intragroup debt related to the Transaction is PLN 28,291,272.05.
The initial purchase price for the shares in the share capital of T22 Budynek B will be subject to further adjustments, pursuant to the procedures described in the Agreement and the conditions set out therein.
Under the Agreement, the current intra-group debt of T22 Budynek B, in its part relating to the financing provided by “Echo – Aurus” sp. z o.o. (“Echo-Aurus”), a subsidiary of the Company, was settled through its full repayment to the benefit of Echo-Aurus and takeover by AFI Europe N.V.
The Transaction documentation contains the representations and warranties of the parties that are customary for transactions of this type, as well as substantially standard contractual clauses concerning the parties’ liability and security. The provisions of the aforementioned documentation do not materially diverge from the provisions commonly used in these types of transactions.