CR 15/2016 The acquisition of LPP shares

 

The acquisition of LPP shares

 

Current report no.: 15/2016

Date: 13.04.2016

 

 

The Board of the LPP SA informs hereby, that on 12 April 2016, the Company was notified, pursuant to Article 160 of the Act of 29 July 2005 on publicly traded financial instruments, by Subfundusz EQUES Akcji, separated as EQUES Specjalistyczny Fundusz Inwestycyjny Otwarty as a related person with Mr Sławomir Łoboda (member of The Management Board of LPP SA) about the acquisition of 5 shares of LPP SA at the unit price of PLN 5.398,58 (the total value of  the transaction PLN 26.992,90).

The sale transaction was concluded during the trading period at the Warsaw Stock Exchange.

 

CR 15 2016 – The acquisition of LPP shares

CR 14/2016 Revenues from sales generated by LPP SA Capital Group in March 2016

 

Revenues from sales generated by LPP SA Capital Group in March 2016


Current report no.: 14/2016

Date: 01.04.2016

 

 

The Management Board of LPP SA hereby informs that consolidated revenues from sales of LPP SA Capital Group generated in March 2016 totalled about PLN 415 million and were higher about 10% in comparison with the revenues generated in March 2015.

Estimated gross margin on sales would be 52% and was lower to gross margin on sales achieved in March in the previous year about 5 percentage point.

In the period between January and March 2016 consolidated revenues from sales totalled PLN 1,174 million and were higher  about 17% as compared with the revenues generated in the corresponding period in the previous year.

 

The commercial space of stores was about 854 thousand square meters at the end of March 2016, and was about 14% higher as compared with the commercial space of stores at the end of March 2015.

 

CR 14 2016 – Revenues from sales generated by LPP SA Capital Group in March 2016

CR 13/2016 The amendment for master agreement

 

The amendment for master agreement

 

Current report no.: 13/2016

Date: 31.03.2016

 

 

With reference to the current report number 43/2015  dated 22 December 2015, the Management Board of LPP SA hereby informs that on 31 March 2016 an amendment for 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 duration of the lease agreement is changed – from 25 years to 10 years and the value of the lease agreement is changed from PLN 675 million to about 226 million PLN.

Opening of the store is expected in the fourth quarter of 2017 year.

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 13 2016 – The amendment for master agreement