Globe Trade Centre S.A. (the “Company”) announces that on 4 April 2017 it obtained information that the Supreme Administrative Court cancelled both the judgment of the Voivodeship Administrative Court in Warsaw and the decisions of the Local-Government Appeals Board (Samorządowe Kolegium Odwoławcze) in Warsaw and the Mayor of the Capital City of Warsaw determining the environmental terms for the construction of the Wilanów Shopping Centre. The judgment and decisions were cancelled on the grounds that the environmental impact report regarding the project contains insufficient information regarding the impact the liquidation of the project will have on the environment. A new decision determining the environmental terms of the project must be obtained for the building permit for the Wilanów Shopping Centre to be issued.
The Company is currently analysing in detail the consequences of the above-referenced judgment of the Supreme Administrative Court on the completion of the Wilanów Shopping Centre.
Legal basis: Article 17 section 1 of Regulation (EU) No. 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (the market abuse directive) 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 – inside information.
4.04.201716:30
