CR 34/2014 Annex to the master agreement

 

Annex to the master agreement

 

Current report no.: 34/2014

Date: 05.12.2014

 

The Management Board of LPP SA hereby informs that on December 5, 2014, an Annex to the Loan Agreement concluded on November 5, 2007, between LPP SA and PKO BP SA was signed.

In accordance with the Annex to the above mentioned agreement, the Issuer was granted the right to use the additional PLN 26 million (with the current debt in the amount of PLN 174,6 million) to finance and refinance the cost of the investment consisting in the expansion of the Distribution Centre.

The increase of loan was a result of the decision to implement the next stage of investment in office space and showrooms.

The schedule of loan repayments has also changed. The final repayment of the entire debt is due by the end of 2022.

The agreement was concluded on a commercial basis.

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

 

CR 34 2014 Annex to the master agreement

CR 33/2014 Revenues from sales generated by LPP SA Capital Group in November 2014

 

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

 

Current reports no.: 33/2014
Date: 01.12.2014

 

The Management Board of LPP SA hereby informs that consolidated revenues from sales of LPP SA Capital Group generated in November 2014 totalled about PLN 381 million and were higher about 9 % in comparison with the revenues generated in November 2013.

Estimated gross margin on sales would be around about 59 % and was lower to gross margin on sales achieved in November 2013 in the previous year about 2 percentage point.
In the period between January and November 2014 consolidated revenues from sales totalled about PLN 4.208 million and were higher about 17 % as compared with the revenues generated in the corresponding period in the previous year.

 

CR 33 2014 Revenues from sales generated by LPP SA Capital Group in Novemener 2014