Current report No. 26/2014 dated 20 May 2014 Agreement with WUND Industriebau GmbH on the strategic partnership in the development of an Aqua park near Mszczonów, Poland
Global City Holdings N.V. (the “Company”) hereby discloses inside information, the disclosure of which has been delayed pursuant to Article 57.1 of the Polish Act on Public Offering, the Conditions Governing the Introduction of Financial Instruments to Organised Trading, and Public Companies dated 29 July 2005.
The Company announces that on 3 April 2014 it submitted to the Polish Financial Supervision Authority a notification regarding the delay in the disclosure of the inside information together with a justification thereof, and undertook to publish a report regarding such event by 31 May 2014.
On 3 April 2014 the Company’s subsidiary, Global Park Horizon Sp.z o.o. (“GPH”) signed an agreement with WUND Industriebau GmbH on the strategic partnership in the development of an Aqua park situated near the city of Mszczonów (the “Aqua Park”). According to the agreement, GPH will be the investor of the Aqua Park and WUND Industriebau GmbH will manage the construction and development the Aqua Park using its know-how from existing projects in Germany. Subsequently, WUND Industriebau GmbH will be responsible for operating the Aqua Park. The Aqua Park will be developed on plots of land having an area of approximately 20 ha owned by the Company or its subsidiaries. The agreement has been concluded for 20 years.