CR 21/2014 Annex to the material agreement

 

Annex to the material agreement

 

Current report no.: 21/2014
Date: 12.08.2014

 

 

The Management Board of LPP SA announces that today an annex to the loan agreement concluded with Bank Polski Kasa Opieki Spółka Akcyjna on 13 August 2004 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 until 31 July 2015,

2) the limit for guarantees granted by LPP SA and its subsidiaries – agreement extended until 31 August 2017,

3) the limit for the opening of letters of credit – agreement extended until 30 April 2016.

Other terms and conditions remain unchanged. An agreement is considered material when its value exceeds 10% of the equity of LPP SA.

 

CR21-14 14-08-12 Annex to the material agreement

CR 20/2014 Revenues from sales generated by LPP SA Capital Group in July 2014

 

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

 

Current report no.: 20/2014
Date: 01.08.2014

 
The Management Board of LPP SA hereby informs that consolidated revenues from sales of LPP SA Capital Group generated in July 2014 totalled about PLN 416 million and were higher about 14% in comparison with the revenues generated in July 2014.
Estimated gross margin on sales would be around about 51 % and was higher to gross margin on sales achieved in July 2013 in the previous year.
In the period between January and June 2014 consolidated revenues from sales totalled about PLN 2.544 million and were higher about 21% as compared with the revenues generated in the corresponding period in the previous year.

 

CR20-14 14-08-01 Revenues from sales generated by LPP SA Capital Group in July 2014

CR 19/2014 Annex to the material agreement

 

Annex to the material agreement

 

Current report no.: 19/2014
Date: 15.07.2014

 
The Management Board of LPP SA announces that on 15 July 2014 the Company signed an annex to the loan agreement of 13 August 2004 concluded with Bank Polska Kasa Opieki Spółka Akcyjna. Under the annex the period to use the loan was extended to 15 September 2014. Other terms and conditions have remained unaffected.

 

CR19-14 14-07-15 Annex to the material agreement

 

CR 18/2014 Revenues from sales generated by LPP SA Capital Group in June 2014

 

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

 

Current report no.: 18/2014
Date: 01.07.2014

 

 

The Management Board of LPP SA hereby informs that consolidated revenues from sales of LPP SA Capital Group generated in June 2014 totalled about PLN 404 million and were higher about 17% in comparison with the revenues generated in June 2013.
Estimated gross margin on sales would be around about 59 % and was equal to gross margin on sales achieved in June 2013 in the previous year.
In the period between January and June 2014 consolidated revenues from sales totalled about PLN 2.128 million and were higher about 22% as compared with the revenues generated in the corresponding period in the previous year.

 

CR18-14 14-07-01 Revenues from sales generated by LPP SA Capital Group in June 2014

CR 17/2014 Information on dividend

 

Information on dividend

 

Current report no.: 17/2014
Date: 23.06.2014

 

 

The Management Board of LPP SA with its registered office in Gdańsk announces that on 23 June 2014 the Annual General Meeting adopted resolution no. 19 on the distribution of profit for the financial year 2013, under which the net profit generated by the Company in the financial year 2013 in the amount of PLN 394,575,034.73 (three hundred ninety four million five hundred seventy five thousand thirty four zloty 73/100) was allocated as follows:
the amount of PLN 169,616,772.00 (one hundred sixty nine million six hundred sixteen thousand seven hundred and seventy two zloty) was distributed among Shareholders as dividends;
the amount of PLN 223,708,262.73 (two hundred twenty three million seven hundred eight thousand two hundred and sixty two zloty 73/100) was allocated to the supplementary capital of the Company;
the amount of PLN 1,250,000.00 (one million two hundred and fifty thousand zloty) was excluded from being distributed among Shareholders and was transferred the reserves of the Company.
The Annual General Meeting set 5 September 2014 as the date of drawing up the list of Shareholders entitled to dividends for the financial year 2013 (dividend date), and 25 September 2014 as the dividend payment date.
As at the date of the resolution: one share of LPP S.A. accounts for the dividend of PLN 93.73, the number of LPP S.A. shares entitled to dividend is 1,809,725.
At the same time, the Management Board of LPP SA indicates that under Resolutions No. 21 and 22 of the AGM of 27 June 2011, the Company issued 21,300 Warrants issued in exchange for which the Eligible Persons shall have the right to purchase L Series Shares. With effect from 1 January 2014, the above right may be exercised at the request of the Eligible Persons in respect of 17,819 Warrants. Additionally, in accordance with Resolutions No. 23 and 24 of the AGM of 14 June 2013, the Eligible Persons may purchase 2,420 treasury shares held by the Company. Where both of the above-mentioned rights are exercised on or before 5 September 2014, the number of shares entitled to participate in the dividend shall amount to 1,829,964, and the dividend amount per share – PLN 92.69.

 

CR17-14 14-06-23 Information on dividend

CR 16/2014 Shareholders representing at least 5% of votes at the AGM of LPP S.A. as at 23 June 2014

 

Shareholders representing at least 5% of votes at the AGM of LPP S.A. as at 23 June 2014

 

Current report no.: 16 / 2014
Date: 23.06.2014

 

 

The Management Board of LPP SA announces the list of shareholders holding more than 5% of votes at the AGM as at 23 June 2014:
1) Marek Piechocki 875,000 votes representing 36,3% of votes at the AGM and 27,1% of the total number of votes,
2) Jerzy Lubianiec 875,000 votes representing 36,93% of votes at the AGM and 27,1% of the total number of votes,
3) Monistor Limited 149,390 votes representing 6,2% of the number of votes at the AGM and 4,6% of the total number of votes,
4) AVIVA Otwarty Fundusz Aviva BZ WBK 147.000 votes representing 6,1% of the number of votes at the AGM and 4,5% in the total number of votes.

 

CR16-14 14-06-23 Shareholders representing at least 5% of votes at the AGM of LPP S.A. as at 23 June 2014.

CR 14/2014 Annex to the significant agreement

 

Annex to the significant agreement

 

Current report no.: 14/2014
Date: 23.06.2014

 

 

The Management Board of LPP SA announces that on 23 June 2014 the Company signed an annex to the multi purpose facility agreement entered into on 24 June 2005 between LPP SA and PKO BP SA.
Under the annex, the facility limit was increased to PLN 230 million, and the current period of use of the facility line was extended to 23 June 2017, provided that the overdraft will be extended for successive annual periods.
The total limit of PLN 230 million may be used in the form of facilities up to the amount of PLN 230 million, in the form of letters of credit up to the amount of PLN 230 million, and in the form of guarantees up to the amount of PLN 230 million.
The line collateral is the blank promissory note of LPP SA and the statement of submission to execution.
The agreement was entered into on arm’s length basis.
The value of the agreement exceeds 10% of equity capital of LPP SA.

 

CR14-14 14-06-23 Annex to the significant agreement

CR 13/2014 Revenues from sales generated by LPP SA Capital Group in May 2014

 

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

 

Current report no.: 13/2014
Date: 02.06.2014

 
The Management Board of LPP SA hereby informs that consolidated revenues from sales of LPP SA Capital Group generated in May 2014 totalled about PLN 401 million and were higher about 30% in comparison with the revenues generated in May 2013.
Estimated gross margin on sales would be around about 62 % and was equal to gross margin on sales achieved in May 2013 in the previous year.
In the period between January and May 2014 consolidated revenues from sales totalled about PLN 1.724 million and were higher about 24% as compared with the revenues generated in the corresponding period in the previous year.

 

CR13-14 14-06-02 Revenues from sales generated by LPP SA Capital Group in May 2014

CR 10/2014 Recommendation of the Supervisory Board of LPP SA

 

Recommendation of the Supervisory Board of LPP SA

 

Current report no.: 10/2014
Date: 07.05.2014

 
The Management Board of LPP SA informs that on 6 May 2014, the Company’s Supervisory Board recommended to the Annual General Meeting of the Company the distribution of net profit generated in the financial year 2013 in the amount of PLN 394 575 034.73 (three hundred ninety-four million five hundred seventy-five thousand thirty-four zloty 73/100) in the following manner:

1. distribution of the amount of PLN 169 616 772.00 (one hundred sixty-nine million six hundred sixteen thousand seven hundred seventy-two zloty 00/100) among shareholders as a dividend,
2. distribution of the amount of PLN 223 708 262.73 (two hundred twenty-three million seven hundred eight thousand two hundred sixty-two zloty 73/100) for spare capital,
3. distribution of the amount of PLN 1 250 000.00 (one million two hundred fifty thousand zloty) for reserve capital.
The Supervisory Board approved the Management Board’s request to allocate the Company’s net profit for 2013 in the above-mentioned manner, and the Management Board’s request to establish the dividend date on 5 September 2014, and the dividend payment date on 25 Septemeber 2014.

 

CR10-14 14-05-07 Recommendation of the Supervisory Board of LPP S.A.