Following the financial crisis, the Company decided to focus on the Polish market, to continue
developing its activities in Hungary and to temporarily delay the activities in its other countries of
operation.
The Company’s management, together with the local management in Poland, have concentrated on the
sales of apartments and continued to work on the design of the new stages.
In Hungary, the construction in two new subsidiaries has commenced, and the start of construction is
planned for 2010 in one additional new subsidiary.
The group also plans to check the opportunity to start and develop two new stages, one in the project in
Croatia and one in the project in Ukraine. However this will be done only upon a change in these local
markets and based on securing the appropriate finance from banks or other investors and after updating
the related business plans.
The group also plans to raise funds in the Warsaw capital market either by raising bonds and /or issuing
shares of ROBYG S.A. For this purpose, during the month of August 2010, ROBYG S.A filed a draft
prospectus to the Warsaw stock exchange.
Additionally, the Company decided to start the process of registering its shares to trade in the Tel Aviv
stock exchange.
Future plans
Following the financial crisis, the Company decided to focus on the Polish market, to continue
developing its activities in Hungary and to temporarily delay the activities in its other countries of
operation.
The Company’s management, together with the local management in Poland, have concentrated on the
sales of apartments and continued to work on the design of the new stages.
In Hungary, the construction in two new subsidiaries has commenced, and the start of construction is
planned for 2010 in one additional new subsidiary.
The group also plans to check the opportunity to start and develop two new stages, one in the project in
Croatia and one in the project in Ukraine. However this will be done only upon a change in these local
markets and based on securing the appropriate finance from banks or other investors and after updating
the related business plans.
The group also plans to raise funds in the Warsaw capital market either by raising bonds and /or issuing
shares of ROBYG S.A. For this purpose, during the month of August 2010, ROBYG S.A filed a draft
prospectus to the Warsaw stock exchange.
Additionally, the Company decided to start the process of registering its shares to trade in the Tel Aviv
stock exchange.