CR 31/2015 The master agreement

 

The master agreement

 

Current report no.: 31/2015

Date: 07.07.2015

 

 

The Management Board of LPP SA hereby informs that on 7 July 2015 the Company and Bank Polska Kasa Opieki SA signed an annex to the loan agreement (the multi-purpose credit line) signed of 13 August 2004 and the investment loan agreement.

Pursuant to the annex, the total limit of all facilities was set at the amount of PLN 330 mln and the period for the use of individual products has been extended:

1) overdraft facility to the amount of PLN 190 mln – agreement extended by 30 June 2016

2) limit for guarantees granted by LPP SA and its subsidiaries to the amount of PLN 140 mln – agreement extended by 31July 2018

4) limit for the opening of letters of credit to the amount of PLN 330 mln – agreement extended by 30 June 2018

Other terms and conditions have remained unaffected.

Pursuant to the investment loan agreement, the total limit was set at the amount of PLN 60 mln with the purpose for refinancing outlays on reconstruction and expansion of the headquarters of LPP SA.
The crediting period: from 7 July 2015until 30 September 2020year.

The loan is secured:

a) contractual mortgage in the amount of PLN 90 mln;

b) authorization to the bank accounts heldin the bank;

c) a statement of voluntary submission to enforcement by the Borrower;

d) blank promissory note.

 

The above quoted contracts were concluded on market terms.

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

 

CR 31 2015 – The master agreement

CR 30/2015 Revenues from sales generated by LPP SA Capital Group in June 2015

 

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


Current report no.: 30/2015

Date: 01.07.2015

 

 

The Management Board of LPP SA hereby informs that consolidated revenues from sales of LPP SA Capital Group generated in June 2015 totalled about PLN 461 million and were higher about 14% in comparison with the revenues generated in June 2014.

Estimated gross margin on sales would be 51% and was lower to gross margin on sales achieved in June in the previous year about 8 percentage point.

In the period between January and June 2015 consolidated revenues from sales totalled PLN 2 294 million and were higher about 8% as compared with the revenues generated in the corresponding period in the previous year.

The commercial space of stores was about 774 thousand square meters at the end of June 2015, and was about 15% higher as compared with the commercial space of stores at the end of June 2014.

 

CR 30 2015 – Revenues from sales generated by LPP SA Capital Group in June 2015