CR 38/2014 Annex to the master agreement

 

Annex to the master agreement

 

Current report no.: 38/2014

Date: 30.12.2014

 

The Management Board of LPP SA informs that on 30 December 2014 the Company signed an annex to the multi purpose line of credit agreement concluded on 14 April 2004 between LPP SA and BNP Paribas Bank Poland SA.

Under this annex, the credit limit was increased to the amount of PLN 280 million, and the current use period was extended to 16 December 2015.

Limit to the agreement of PLN 280 million can be used as an overdraft on current account to the amount of PLN 149 million, a line of letters of credit to the amount of PLN 280 million and the guarantees’ line to PLN 49 million.

The line collateral is the blank promissory note of LPP SA and the statement of execution.

The contract was concluded on market terms.

The contract value exceeds 10% of equity capital of LPP SA.

 

CR 38 2014 Annex to the master agreement

CR 37/2014 Annex to the master agreement

 

Annex to the master agreement

 

Current report no.: 37/2014

Date: 17.12.2014

 

 

The Management Board of LPP SA announces that on 16 December 2014 the Company signed an annex to the loan agreement of 14 April 2004 concluded with BNP Paribas Bank Poland SA.

Under the annex the period to use the loan was extended to 14 January 2015.

Other terms and conditions have remained unaffected.

The contract was concluded on market terms.

The contract value exceeds 10% of equity capital of LPP SA.

 

CR 37 2014 Annex to the master agreement

CR 28/2014 Change in ownership of shares of LPP SA

 

Change in ownership of shares of LPP SA

 

Current report no.: 28/2014
Date: 02.10.2014

 

The Management Board of LPP SA hereby informs that on 2 October 2014, it received from its shareholder, Grangeford Limited, the information that on 2 October 2014 a decision was made to dissolve and liquidate the entity. All shares of LPP SA held so far by Grangeford Limited were transferred to the shareholders of Grangeford Limited in proportion to their shareholding. As a result of this operation, each acquiring shareholder holds a number of shares of LPP SA giving no more than 5% of the votes of the total number of votes at the General Meeting of LPP SA.
Before the transaction, Grangeford Limited held 350,000 shares of LPP SA, which accounted for 19.11% of the share capital of LPP SA and gave the right to 10.83% of votes at the General Meeting of LPP SA. After the transaction, Grangeford Limited does not hold any shares of LPP SA. Grangeford Limited is not planning to buy or sell any shares of LPP SA in the next 12 months. There is no subsidiary of Grangeford Limited holding shares of LPP SA. Grangeford Limited has not entered into an agreement with the persons referred to in Article 87.1.3c of the Act on Public Offering, Conditions Governing the Introduction of Financial Instruments to Organised Trading and on Public Companies.

 

CR28-14 14-10-02 Change in ownership of shares of LPP SA

CR 27/2014 Revenues from sales generated by LPP SA Capital Group in September 2014

 

Revenues from sales generated by LPP SA Capital Group in September 2014

 

Current report no.: 27/2014
Date: 01.10.2014

 

The Management Board of LPP SA hereby informs that consolidated revenues from sales of LPP SA Capital Group generated in September 2014 totalled about PLN 394 million and were higher about 3% in comparison with the revenues generated in September 2013.
Estimated gross margin on sales would be around about 63 % and was lower to gross margin on sales achieved in September 2013 in the previous year about 1 percentage point.
In the period between January and September 2014 consolidated revenues from sales totalled about PLN 3.360 million and were higher about 18% as compared with the revenues generated in the corresponding period in the previous year.

 

CR27-14 14-10-01 Revenues from sales generated by LPP SA Capital Group in September 2014

CR 26/2014 Annex to material agreement

 

Annex to material agreement

 

Current report no.: 26/2014
Date: 29.09.2014

 
The Management Board of LPP SA announces that today an annex to the loan agreement concluded with Raffaisen Bank Polska SA of 12 July 2002 was signed. By virtue of the above-mentioned annex, the period for the use of individual products has been extended: 1) overdraft facility – agreement extended by 1 October 2015, 2) revolving credit – agreement extended by 29 September 2015, 3) limit for guarantees granted by LPP S.A. and its subsidiaries – agreement extended by 30 September 2016, 4) limit for the opening of letters of credit – agreement extended by 30 September 2016. The remaining terms and conditions of the agreement remain unchanged. An agreement is considered material when its value exceeds 10% of the equity of LPP SA.

 

CR26-14 14-09-29 Annex to material agreement

CR 25/2014 Revenues from sales generated by LPP SA Capital Group in August 2014

 

Revenues from sales generated by LPP SA Capital Group in August 2014

 

Current report no.: 25/2014
Date: 01.09.2014
The Management Board of LPP SA hereby informs that consolidated revenues from sales of LPP SA Capital Group generated in August 2014 totalled about PLN 420 million and were higher about 20% in comparison with the revenues generated in August 2013.
Estimated gross margin on sales would be around about 59 % and was higher to gross margin on sales achieved in August 2013 in the previous year about 1 percentage point.
In the period between January and August 2014 consolidated revenues from sales totalled about PLN 2.966 million and were higher about 21% as compared with the revenues generated in the corresponding period in the previous year.

 

CR25-14 14-09-01 Revenues from sales generated by LPP SA Capital Group in August 2014

CR 24/2014 Information on dividend

 

Information on dividend

 

Current report no.: 24/2014
Date: 28.08.2014
In reference to current report number 17 of June 23, 2014, the Management Board of LPP SA announces that the total number of shares entitled to participate in the distribution of profit generated in 2013 is 1,812,145. Therefore, the amount of the dividend per share will be PLN 93.60.

 

CR24-14 14-08-28 Information on dividend

CR 23/2014 Disposal of treasury shares by LPP SA

 

Disposal of treasury shares by LPP SA

 

Current report no.: 23/2014
Date: 22.08.2014

 
The Management Board of LPP SA announces that on August 22, 2014 LPP SA sold a total of 2,420 ordinary shares of LPP SA to six eligible persons. The sale took place within the framework of the implementation of the incentive scheme adopted by Resolution No. 24 of the AGM of June 14, 2013 through the conclusion of sales contracts with the eligible persons. The unit price of the shares amounted to PLN 2 and was equal to the nominal price. The nominal value of the transaction amounts to PLN 4,840 which represents 0.13% of the share capital of LPP S.A. The shares carry 2,420 votes at the AGM. After the transaction LPP S.A. holds 18,978 treasury shares which carry 18,978 votes at the AGM.

 

CR23-14 14-08-22 Disposal of treasury shares by LPP S.A.

CR 22/2014 Purchase of issuer shares

 

Purchase of issuer shares

 

Current report no.: 22/2014
Date: 22.08.2014

 
The Management Board of LPP SA announces that on August 22, 2014, the company received notifications submitted in accordance with Article 160(1) of the Act on Trading in Financial Instruments by the participants of the incentive scheme adopted by Resolution No. 24 of the AGM dated June 14, 2013, in which they notify of the acquisition from LPP SA of treasury shares on the basis of concluded sales contracts, within the framework of the implementation of the above-mentioned scheme. The unit price of the shares was PLN 2. The eligible persons acquired a total of 2,420 shares of LPP SA The President of the Management Board purchased 498 shares, two Vice Presidents of the Management Board acquired 457 shares each, the other two Vice Presidents of the Management Board purchased 336 shares each, and the eligible person not being member of the Management Board – 336 shares.

 

CR22-14 14-08-22 Purchase of issuer shares