CR 09/2014 Appointment of the entity authorised to audit financial statements

 

Appointment of the entity authorised to audit financial statements

 

Current report no. 9/2014
Date: 07.05.2014

 

 

The Management Board of LPP SA hereby announces that on 6 May 2014, the Supervisory Board of LPP SA, acting under section 35 of the Articles of Association of LPP SA, adopted a resolution on the appointment of the entity authorised to audit the Company’s financial statements. The entity appointed under the resolution to audit and review separate financial statements of LPP SA and consolidated financial statements of LPP SA Group shall be Grant Thornton Frąckowiak Spółka z ograniczoną odpowiedzialnością with its registered office in Poznań, ul. Abpa Antoniego Baraniaka 88 E, entered in the list of the National Council of Statutory Auditors under number 3654. The Supervisory Board of LPP SA has authorised the Management Board to enter into, with the above-mentioned entity, an agreement for the audit of the annual financial statements of the Company and the Group for 2014, 2015 and 2016 and review of interim financial statements of the Company and the Group for the above-mentioned periods. In 2012 and 2013, the services of audit and review of financial statements of LPP SA (separate and consolidated) were provided by Grant Thornton Frąckowiak Sp. z o.o. sp.k entered in the list of the National Council of Statutory Auditors under number 3654, and in 2004-2011 – its legal predecessor.

 

CR09-14 14-05-07 Appointment of the entity authorised to audit financial statements

CR 08/2014 Revenues from sales generated by LPP SA Capital Group in April 2014

 

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

 

Current report no.: 8/2014
Date: 02.05.2014

 
The Management Board of LPP SA hereby informs that consolidated revenues from sales of LPP SA Capital Group generated in April 2014 totalled about PLN 378 million and were higher about 15% in comparison with the revenues generated in April 2013.
Estimated gross margin on sales would be around about 62 % and was higher to gross margin on sales achieved in April 2013 in the previous year about 3 percentage point.
In the period between January and April 2014 consolidated revenues from sales totalled about PLN 1.321 million and were higher about 22% as compared with the revenues generated in the corresponding period in the previous year.

 

CR08-14 14-05-02 Revenues from sales generated by LPP SA Capital Group in April 2014

CR 06/2014 Revenues from sales generated by LPP SA Capital Group in March 2014

 

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

Current report no.: 6/2014
Date: 01.04.2014

 
The Management Board of LPP SA hereby informs that consolidated revenues from sales of LPP SA Capital Group generated in March 2014 totalled about PLN 357 million and were higher about 25% in comparison with the revenues generated in March 2013.
Estimated gross margin on sales would be around about 63% and was higher to gross margin on sales achieved in March 2013 in the previous year about 1 percentage point.
In the period between January and March 2014 consolidated revenues from sales totalled about PLN 943 million and were higher about 26% as compared with the revenues generated in the corresponding period in the previous year.

 

CR06-14 14-04-01 Revenues from sales generated by LPP SA Capital Group in March 2014

CR 05/2014 Revenues from sales generated by LPP SA Capital Group in February 2014

 

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

 

Current report no.: 5/2014
Date: 03.03.2014

 

 

The Management Board of LPP SA hereby informs that consolidated revenues from sales of LPP SA Capital Group generated in February 2014 totalled about PLN 266 million and were higher about 27% in comparison with the revenues generated in February 2013.
Estimated gross margin on sales would be around about 49% and was higher to gross margin on sales achieved in February 2013 in the previous year about 1 percentage point.
In the period between January and February 2014 consolidated revenues from sales totalled about PLN 586 million and were higher about 28% as compared with the revenues generated in the corresponding period in the previous year.

 

CR05-14 14-03-03 Revenues from sales generated by LPP SA Capital Group in February 2014

CR 04/2014 Revenues from sales generated by LPP SA Capital Group in January 2014

 

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

 

Current report no.:4/2014
Date: 03.02.2014

 

 

The Management Board of LPP SA hereby informs that consolidated revenues from sales of LPP SA Capital Group generated in January 2014 totalled about PLN 320 million and were higher about 29% in comparison with the revenues generated in January 2013.
Estimated gross margin on sales would be around about 49% and was higher to gross margin on sales achieved in January 2013 in the previous year about 1 percentage point.

 

CR04-14 14-02-03 Revenues from sales generated by LPP SA Capital Group in January 2014

CR 03/2014 Dates of publication of periodic reports in 2014

 

Dates of publication of periodic reports in 2014

 

Current report no.: 3/2014
Date: 17.01.2014

 

 

The Management Board of LPP S.A. informs about the filing deadlines for periodic reports in 2014:
1. Annual reports:

Annual report for 2013: 2014-04-17
Consolidated annual report for 2013: 2014-04-17

2. Semi-annual report (consolidated semi-annual report for 2014 with the abbreviated half-yearly financial statement and the summary note in accordance with par. 87 sec. 4 of the Ordinance of the Minister of Finance on current and periodic information disclosed by issuers of securities):

Semi-annual report for H1 2014: 2014-08-21

3. Quarterly reports (consolidated quarterly reports will include abbreviated quarterly financial statements in accordance with par. 87 sec. 1 of the Ordinance of the Minister of Finance on current and periodic information disclosed by issuers of securities):

Extended consolidated report for Q4 2013: 2014-02-13

Extended consolidated report for Q1 2014: 2014-05-09

Extended consolidated report for Q3 2014: 2014-11-07

 

CR03-14 14-01-17 Dates of publication of periodic reports in 2014

CR 02/2014 Annex to the significant agreement

 

Annex to the significant agreement

 

Current report no.: 2/2014
Date: 13.01.2014

 
The Management Board of LPP SA hereby reports that on 13 January 2013, annexes to the overdraft facility agreement (multi-purpose line) executed on 13 December 2011 and to the agreement on revolving line for letters of credit executed on 13 December 2011 were signed by LPP S.A. and Bank Handlowy w Warszawie S.A.
Under the annex to the overdraft facility agreement (multi-purpose line), the total limit for the use of individual products up to the amount of PLN 150 million was determined; the amount of up to PLN 150 million may be used in the form of loans, up to PLN 150 million – in the form of letters of credit, and up to PLN 50 million – in the form of guarantees. The repayment date is 12 January 2016.
Under the annex to the agreement on revolving line for letters of credit, the limit of USD 25.5 million was determined with the current period of use until 12 January 2015. The limit may be used to order the opening of letters of credit.
The agreements were executed on the arm’s length principle, with their total value amounting to PLN 227 million. The agreements are deemed significant since their total value exceeds 10% of the equity of LPP SA.

 

CR02-14 14-01-13 Annex to the significant agreement

CR 01/2014 Revenues from sales generated by LPP SA Capital Group in December 2013

Revenues from sales generated by LPP SA Capital Group in December 2013

Current report no.: 1/2014

Date: 02.01.2014

Revenues from sales generated by LPP SA Capital Group in December 2013 The Management Board of LPP SA hereby informs that consolidated revenues from sales of LPP SA Capital Group generated in December 2013 totalled about PLN 526 million and were higher about 29 % in comparison with the revenues generated in December 2012.

Estimated gross margin on sales would be around about 58 % and was higher to gross margin on sales achieved in December 2012 in the previous year about 1 percentage point.

In the period between January and December 2013 consolidated revenues from sales totalled about PLN 4.111 million and were higher about 28% as compared with the revenues generated in the corresponding period in the previous year.

CR01-14 14-01-02 Revenues from sales generated by LPP SA Capital Group in December 2013

CR 36/2014 Appointment of new Management Board member

 

Appointment of new Management Board member

                       

Current report no.: 36/2014

Date: 10.12.2014

 

The Management Board of LPP SA hereby informs that on 10 December the Supervisory Board of LPP SA appointed new Vice President of LPP SA Management Board as of 01 January – Mr Przemysław Lutkiewicz who will be Finance Director for LPP SA at the same time.

Przemysław Lutkiewicz born in 1970; he is a graduate of Gdynia Maritime University  and of the Faculty of Management at Gdansk University, as well as of Postgraduate Studies at Gdansk University of Technology.

LPP SA Financial Controller since 2008. As a member of the Finance Department, Mr. Lutkiewicz established the Controlling Department which monitors the work of analysts, auditors and security units within the sales networks. He implemented the use of IT tools for management information needed to direct all of the companies forming the LPP SA group of companies. He was also active in foreign institutional investor relations.

He started his career in 1994 at Powszechny Bank Kredytowy SA. From 1995 until 2008, he worked for PolCard SA / First Data Polska SA where he held posts from Financial Planning and Reporting Unit Manager to Financial Planning and Controlling Director. In 2006-2007, he was a member of the Management Board and Chief Financial Officer of First Data Polska SA.

In 2007-2008, he was active in establishing First Data’s Shared Services Centre in Gdansk, serving as Finance and Controlling Director.

Przemysław Lutkiewicz does not carry on any competitive activity against the Company, he is not a

shareholder or a member of any body of any competitive legal person. He is not entered in the

Insolvent Debtors Register kept pursuant to the Act on the National Court Register.

 

CR 36 2014 Appointment of new Management Board member

CR 35/2014 Resignation of a Member of the Board of Directors of LPP SA

 

Resignation of a Member of the Board of Directors of LPP SA

                       

Current report no.: 35/2014

Date: 08.12.2014

 

The Board of LPP SA hereby informs that on 8 December 2014, Dariusz Pachla tendered his resignation from the post of Vice Chairman of the Board of Directors of LPP SA with effect from 31 December 2014, while still remaining an employee of LPP SA.

Marek Piechocki – Chairman of the Board and Jerzy Lubianiec – Chairman of the Supervisory Board as the main shareholders of LPP SA offered Dariusz Pachla the position of a member of the Supervisory Board. Giving the consent of Mr. Pachla, Marek Piechocki, shall put forward a proposal to the forthcoming AGM to appoint Dariusz Pachla as a member of the Supervisory Board of LPP SA.

 

CR 35 2014 Resignation of a Member of the Board of Directors of LPP S.A.