CR 43/2015 The preliminary agreement

 

The preliminary agreement

 

Current report no.: 43/2015

Date: 23.12.2015

 

 

The Management Board of LPP SA hereby informs that on 22 December 2015 a preliminary contract for lease of commercial premises in London, Oxford Street has been signed between LPP SA and LPP Reserved UK Limited and BHS Limited.

The above mentioned premises will be used by LPP as a store to sell clothing and accessories under Reserved brand.

The agreement is preliminary and conditioned by the final approval of real estate owner.

The value of the lease agreement is approximately PLN 675 million, and the duration shall be 25 years.

The agreement does not differ from those commonly used for this type of agreement, and the criterion of declaration of the contract is the value exceeding 10% of the equity of LPP SA.

 

CR 43 2015 – The preliminary agreement

CR 42/2015 Annex to the master agreement

 

Annex to the master agreement

 

Current report no: 42/2015

Date: 17.12.2015

 

 

The Management Board of LPP SA announces that on 16 December 2015 the Company signed an annex to the loan agreement of 14 April 2004 concluded BGŻ BNP Paribas Bank Poland SA.

Under the annex the period to use the loan was extended to 15 January 2016.

Other terms and conditions have remained unaffected.

The contract was concluded on market terms.

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

 

CR 42 2015 – Annex to the master agreement

 

CR 41/2015 Revenues from sales generated by LPP SA Capital Group in November 2015

 

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

 

Current report no.: 41/2015

Date: 01.12.2015

 

The Management Board of LPP SA hereby informs that consolidated revenues from sales of LPP SA Capital Group generated in November 2015 totalled about PLN 430 million and were higher about 13 % in comparison with the revenues generated in November 2014.

Estimated gross margin on sales would be 55 % and was lower to gross margin on sales achieved in November in the previous year about 4 percentage point.

In the period between January and November 2015 consolidated revenues from sales totalled PLN 4.481 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 835 thousand square meters at the end of November 2015, and was about 18 % higher as compared with the commercial space of stores at the end of November 2014.

 

CR 41 2015 – Revenues from sales generated by LPP SA Capital Group in November 2015