CR 22/2020 Information on supplementing the agenda of the Ordinary General Meeting of LPP SA to be held on 18 September 2020 following a motion by the Company’s shareholder

Information on supplementing the agenda of the Ordinary General Meeting of LPP SA to be held on 18 September 2020 following a motion by the Company’s shareholder

 

Current report no: 22/2020

Date: 28 August 2020

Time: 6:28 p.m.

 

With reference to current reports nos 19/2020 and 20/2020 of 20 August 2020, following a motion (“Motion”) submitted by the Semper Simul Foundation, a shareholder (“Shareholder”), on 28 August 2020 to supplement the agenda of the Ordinary General Meeting of the Company to be held on 18 September 2020 (“OGM”), the Management Board of LPP Spółka Akcyjna with its registered office in Gdańsk (“Company”) informs of introducing changes in the agenda of the OGM, resulting from the Shareholder’s Motion:

  • after item 16, a new item 17 “Amendment of §3(1) of the By-laws” has been added.

In consequence of the above, the previous item 16 of the agenda of the OGM has been moved respectively (one place upwards).

In consideration of the above, the changed agenda of the OGM to be held on 18 September 2020, at 10:00 a.m. in the Company’s registered office in Gdańsk, at ul. Łąkowa 39/44, shall be as follows:

  1. Opening of the session and election of the Chairman of the Meeting.
  2. Establishing whether the General Meeting has been duly convened and has the capacity to adopt resolutions, the drawing up of the list of attendance.
  3. Adoption of the agenda.
  4. Presentation of the resolutions of: the Supervisory Board on their opinion on matters put on the agenda of the Ordinary General Meeting; the Supervisory Board on its evaluation of the Management Board’s report on the operations of the Company’s Group (incorporating the report on the Company’s operations) in the financial year from01.2019 to 31.01.2020; the Supervisory Board on their evaluation of the Company’s financial statements for the financial year from01.2019 to 31.01.2020; the Supervisory Board on their evaluation of the consolidated financial statements of the LPP SA Group for the financial year from 01.2019 to 31.01.2020; the Management Board on the motion for the division of the Company’s profit generated in the financial year from 01.01.2019 to 31.01.2020; the Supervisory Board on their examination of the Management Board’s motion for the division of the Company’s profit generated in the financial year from 01.01.2019 to 31.01.2020; the Supervisory Board on the comprehensive evaluation of the Company’s standing in the financial year from 01.01.2019 to 31.01.2020, including, in particular: (i) evaluation of the financial reporting process, (ii) evaluation of the internal control system, internal audit and risk management system, (iii) evaluation of financial audit activities, (iv) evaluation of the impartiality of the statutory auditor reviewing financial statements of the Company and the LPP SA Group; the Supervisory Board on the approval of the Supervisory Board’s report on their activity in the financial year from 01.2019 to 31.01.2020; the Supervisory Board on the approval of the evaluation of how the Company fulfils its reporting duties concerning the application of corporate governance principles arising from good practices and regulations on current and interim information submitted by issuers of securities; the Supervisory Board on the evaluation of the rationale for charity and sponsorship policy followed by the Company.
  5. Presentation, examination and approval of the Management Board’s report on the operations of the LPP SA Group and the Company in the financial year from 01.01.2019 to 31.01.2020.
  6. Presentation, examination and approval of the Supervisory Board’s report on their activity in the financial year from 01.01.2019 to 31.01.2020.
  7. Presentation, examination and approval of the financial statements of the Company for the financial year 01.01.2019 to 31.01.2020.
  8. Presentation, examination and approval of the consolidated financial statements of the LPP SA Group for the financial year 01.01.2019 to 31.01.2020.
  9. Discharging members of the Company’s Management Board for performing their duties in the financial year from 01.01.2019 to 31.01.2020.
  10. Discharging members of the Company’s Supervisory Board for performing their duties in the financial year from 01.01.2019 to 31.01.2020.
  11. Division of the Company’s profit generated in the financial year from 01.01.2019 to 31.01.2020.
  12. Adoption of the Remuneration Policy for Management and Supervisory Bodies of LPP SA.
  13. Dematerialisation of registered preferred shares and an authorisation for their registration in the securities depository kept by Krajowy Depozyt Papierów Wartościowych SA in Warsaw and consenting to the undertaking of any and all activities required for the performance of the said duty.
  14. Establishment of a reserve capital with a view to purchasing treasury shares.
  15. Granting an authorisation for purchasing treasury shares.
  16. Adoption of the resolution on the change of the remuneration of the Chairman of the Supervisory Board.
  17. Amendment of § 13(1) of the By-Laws.
  18. Closing of the Meeting’s session.

Following the supplementation of the agenda of the OGM, the Company presents, as enclosure to this report, draft resolutions of the OGM referring to specific items of the changed agenda of the OGM, with due consideration of the draft submitted by the Shareholder.

Duly supplemented and changed information on the OGM and materials for shareholders, including a notice on convening the Meeting, a description of procedures for participating in the Meeting and exercising the rights to vote, including forms for exercising the said rights, are available at www.lppsa.com/relacje-inwestorskie/

 

CR 22 2020 – Information on supplementing the agenda of the OGM of LPP SA to be held on 18 September

Draft resolutions of the Annual General Meeting – supplement

CR 21/2020 Completion of remedial actions in respect of LPP Deutschland GmbH, a subsidiary

Completion of remedial actions in respect of LPP Deutschland GmbH, a subsidiary

 

Current report no: 21/2020

Date: 28 August 2020

Time: 5:41 p.m.

 

With reference to current report no 16/2020 of 10 June 2020 on the implementation of remedial actions aimed at improving the standing of LPP Deutschland GmbH, including its temporary protection against its creditors (under section 270b of the Insolvency Law applicable in the territory of Germany), the Management Board of LPP SA with its registered office in Gdańsk (the Company) informs that the procedure has been completed with a positive result for the single-member subsidiary in Germany. On 28 August 2020, the competent court in Hamburg approved the application of the management body of LPP Deutschland GmbH for closure of the above-mentioned remedial procedure, cessation of protection against creditors and reinstatement of the company’s normal operations (without initiating any further restructuring procedures).

In the course of the remedial procedure, that main goal, i.e. negotiation with lessors of new terms and conditions of agreements for the use by LPP Deutschland GmbH of retail premises, has been achieved. Renegotiated agreements provide, first of all, for a substantial reduction of rents, thus giving an opportunity to make the company’s business operations profitable. Consequently, LPP Deutschland GmbH resumes its normal business activity.

Furthermore, the Management Board of LPP informs that, in consideration of the above and in relation to current report no RB18/2020 Initial Selected Consolidated Financial Data of the LPP Group for Q2 and H1 2020/21, published on 3 August 2020, the value of write-offs established for the liquidation procedure involving the German company will be substantially reduced, which, in consequence, will positively affect the financial result of the LPP Group for Q2 2020. The final value of write-offs will be known following the audit of accounting books for H1 2020 by an auditor.

 

CR 21 2020 Completion of remedial actions in respect of LPP Deutschland GmbH, a subsidiary

GENERAL MEETING OF SHAREHOLDERS (18.09.2020)

Convening of the Annual General Meeting – supplement

Convening of the Annual General Meeting

Information about no transmission of the Annual General Meeting of Shareholders of LPP SA on 18 September 2020

Draft resolutions of the Annual General Meeting – supplement

Application of the shareholders

Draft resolutions of the Annual General Meeting

Form to exercise voting rights by proxy – supplement

Power of attorney granted by natural persons

Power of attorney granted by legal persons

Resolution of the Management Board of LPP SA on the recommendation for distribution of profit

Resolution of the Supervisory Board of LPP SA 20.05.18

Resolution of the Supervisory Board of LPP SA 20.05.21

Resolution of the Supervisory Board of LPP SA 20.08.18

Remuneration Policy for Management and Supervisory Bodies of LPP SA

Resolutions of the Annual General Meeting

GDPR – General Data Protection Regulation

CR 20/2020 Draft resolutions of the Annual General Meeting of Shareholders of LPP SA     

Draft resolutions of the Annual General Meeting of Shareholders of LPP SA                                                                                                                                                           

Current Report No. 20/2020

Date: 21.08.2020, 1.10 pm

 

The Management Board of LPP SA presents in the annex hereto the content of draft resolutions to be subject of the Annual General Meeting of Shareholders of LPP SA on 18 September 2020.

 

CR 20 2020 – Draft resolutions of the Annual General Meeting of Shareholders of LPP SA

Draft resolutions of the Annual General Meeting

CR19/2020 Convening of the Annual General Meeting of Shareholders of LPP SA                

Convening of the Annual General Meeting of Shareholders of LPP SA


Current Report No.: 19/2020

Date: 21.08.2020; 1.05 pm

 

The Management Board of LPP SA presents in the annex hereto the notice on convening the Annual General Meeting of Shareholders of LPP SA to be held on 18 September 2020.

CR 19 2020 – Convening of the Annual General Meeting of Shareholders of LPP SA

Convening of the Annual General Meeting

CR 18/2020 Selected preliminary consolidated financial data of LPP Group for the second quarter and first half of 2020/21 

Selected preliminary consolidated financial data of LPP Group for the second quarter and first half of 2020/21 

                                                                                                                                            

Current Report No. 18/2020

Date: 03.08.2020, 5:03  pm

 

The Management Board of LPP SA presents in the annex hereto the selected preliminary consolidated financial data of LPP Group for the second quarter (May – July) and first half (February – July) of 2020/21.

 

CR 18 2020 – Selected preliminary consolidated financial data of LPP Group for the second quarter and first half of 2020

Attachment CR 18 2020 – Selected preliminary consolidated financial data of LPP Group for 2Q and 1H 2020 21