CR 37/2015 Annex to the master agreement

 

Annex to the master agreement

Current report no.: 37/2015

Date: 03.09.2015

 

The Management Board of LPP SA hereby informs that on 03 September 2015 LPP SA concluded with Bank Handlowy w Warszawie SA annexes to the agreements: overdraft agreement (multi-purpose line) and the agreement for issuing of letters of credit (stand by).

By virtue of these annexes, it was determined that:

– the overall limit for the use of particular products in the multi-purpose line amounts to PLN 244 million, where the amount of up to PLN 244 million can be used in the form of loans, up to PLN 244 million in the form of letters of credit, and up to PLN 40 million in the form of guarantee;

– the total limit of letters of credit (stand by) opened in the line for issuing of letters of credit (stand by) amounts to PLN 18 million.

The other contract terms were not changed.

 

The above quoted contracts were concluded on market basis.

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

 

CR 37 2015 – Annex to the master agreement

CR 36/2015 Revenues from sales generated by LPP SA Capital Group in August 2015

 

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

 

Current report no.: 36/2015

Date: 01.09.2015

 

 

The Management Board of LPP SA hereby informs that consolidated revenues from sales of LPP SA Capital Group generated in August 2015 totalled about PLN 430 million and were higher about 2% in comparison with the revenues generated in August 2014.

Estimated gross margin on sales would be 53% and was lower to gross margin on sales achieved in August in the previous year about 6 percentage point.

In the period between January and August 2015 consolidated revenues from sales totalled PLN 3 166 million and were higher about 7% as compared with the revenues generated in the corresponding period in the previous year.

The commercial space of stores was about 780 thousand square meters at the end of August 2015, and was about 15% higher as compared with the commercial space of stores at the end of August 2014.

 

CR 36 2015 – Revenues from sales generated by LPP SA Capital Group in August 2015