CR 09/2015 Annex to the master agreement

 

Annex to the master agreement

Current report no.: 09/2015

Date: 06.03.2015

 

 

The Management Board of LPP SA announces that on 6 March an annex to the loan agreement (the multi-purpose credit line) concluded with Raffeisen Bank Polska SA of 12 July 2002 was signed.

Pursuant to the annex, the total limit of all facilities was set at the amount of PLN 280 mln and the period for the use of individual products has been extended:

1) overdraft facility – agreement extended by 30 September 2016

2) revolving credit – agreement extended by 29 September 2016

3) limit for guarantees granted by LPP SA and its subsidiaries – agreement extended by 29 September 2017

4) limit for the opening of letters of credit – agreement extended by 29 September 2017

The above quoted contract was concluded on market basis.

The criterion of declaration of the contract is that the agreement value exceeded 10% of the equity capital of the LPP SA.

 

 

CR 09 2015 – Annex to the master agreement

CR 08/2015 Revenues from sales generated by LPP SA Capital Group in February 2015

 

Revenues from sales generated by LPP SA Capital Group in February 2015

 

Current report no.: 08/2015

Date: 02.03.2015

 

 

The Management Board of LPP SA hereby informs that consolidated revenues from sales of LPP SA Capital Group generated in February 2015 totalled about PLN 285 million and were higher about 7 % in comparison with the revenues generated in February 2014.

Estimated gross margin on sales would be 51 % and was lower to gross margin on sales achieved in February in the previous year about 4 percentage point.
In the period between January and February 2015 consolidated revenues from sales totalled PLN 626 million and were higher about 7% as compared with the revenues generated in the corresponding period in the previous year.

 

CR 08 2015 – Revenues from sales generated by LPP SA Capital Group in February 2015