CR 12/2021 Dividend Information

Dividend Information
Current report no: 12/2021

Date: 25.05.2021

Time: 1:55 p.m.

 

 

The Management Board of LPP SA with its registered office in Gdańsk informs that, on 25 May 2021, it decided to provide the Supervisory Board of LPP SA and the Ordinary Meeting of Shareholders with a motion on:

(i)  coverage of a loss for the financial year 1.02.2020 – 31.01.2021 from profits generated in subsequent years and

(ii) payment of a dividend of PLN 450 per share by way of transferring funds from the supplementary capital created from profits generated in preceding years.

The Management Board recommended that the dividend date (i.e. the date as at which the list of shareholders eligible for the dividend is determined) should be set for 6 July 2021 and that the dividend should be paid in two equal instalments (of the value of PLN 225 per share): the first instalment to be paid on 20 July 2021 and the second one on 6 October 2021.

The above-mentioned motion of 25 May 20201 was approved by the Supervisory Board of LPP SA and, in accordance with § 33(3) of the Articles of Association and Article 382 § 3 of the Commercial Companies Code, it shall be provided to the Ordinary Meeting of Shareholders for approval.

The number of shares giving the dividend right is 1,852,423.

 

CR 12 2021 – Dividend Information

 

 

CR 11/2021 Resignation of the position of Member of the LPP Supervisory Board

Resignation of the position of Member of the LPP Supervisory Board  


Current report no: 11/2021

Date: 18 May 2021

Time: 8:23

 

The Management Board of LPP SA with its registered office in Gdańsk informs that, on 17 May 2021, in late afternoon hours, it received a statement from Mr Antoni Tymiński, Member of the Supervisory Board and Chairman of the Audit Committee, on his resignation from the position held in the Supervisory Board of LPP SA.

As stated, resignation will become effective as of the date of holding the Ordinary Meeting of Shareholders of LPP SA with the agenda comprising the approval of the Company’s reporting documents for the financial year ended 31 January 2021.

No reason for the resignation in question has been given in the above-mentioned statement.

The Management Board of LPP SA informs that, due to the resignation of Mr Antoni Tymiński, it will be required to elect a member of the Supervisory Board at the next General Meeting of Shareholders which, as provided for in § 17(3) of the Articles of Association of LPP SA, is competent to do so.

 

CR 11 2021 – Resignation of the position of Member of the LPP Supervisory Board

 

Fiscal year 2020/21

The economic situation worldwide has deteriorated significantly due to the prevailing pandemic. Nevertheless, our family business from Gdańsk did its best to end the past year with a high tax contribution to the state budget. Although our brands are now recognised in many countries around the world, LPP is a Polish clothing company and hence we pay our taxes in Poland.

Despite the pandemic, we ended 2020/21 with results that allowed us to make a high tax contribution to the state budget. LPP made this happen by, among other things, responding quickly to global economic changes and meticulously implementing the company’s growth strategy.

The table below presents LPP’s taxes for 2020/21. Not only is the total amount of the company’s taxes included – the total is broken down to clearly indicate the amount of proceeds from specific liabilities.

The table takes into account the amounts relating to the 2020/21 financial year, i.e. for the period from 02.2020 to 01.2021.

TAXES PAID TO THE STATE BUDGET IN 2020/21

Fiscal year02.2020/ 01.2021
VAT457 190
Corporate Income Tax – CIT40 458
Customs duty115 953
Personal Income Tax – PIT19 656
ZUS employee
ZUS employer
Health insurance contributions
ZUS total64 267
The State Fund for the Rehabilitation of the Disabled (PFRON)880
Real estate tax4 919
Tax on means of transport2
Total [PLN thousand]703 325

The figures for 2020 are projections. The final figures will be provided in July 2021 after the tax return has been filed.

DATA ANALYSIS

The contribution of LPP made to the state budget in 2020/21 exceeded a total of PLN 703 million. This amount consisted of various liabilities and levies, as well as taxes. LPP paid as much as PLN 457 million in VAT – the highest amount among all the company’s tax liabilities for the period analysed.

On account of other liabilities, LPP’s taxes also remained at a very high level. Last year, the company paid over PLN 64 million to the state treasury in social security contributions, and CIT exceeded PLN 40 million. Customs duty related to the international operations of the Gdańsk-based company, on the other hand, amounted to nearly PLN 116 million, and the company’s real estate tax to almost PLN 5 million.

TAXES PAID TO THE STATE BUDGET IN 2020/21 (IN PLN THOUSAND)

CR 10/2021 Information on the transactions on the issuer’s shares

Information on the transactions on the issuer’s shares


Current Report No.: 10/2021

Date: 17.05.2021;  8:51 am

 

The Management Board of LPP SA in Gdansk (The “Company”) announces that on May 14, 2021 the Company received notification about transactions in the shares of LPP from Ms. Magdalena Piechocka – the person closely related to the Member of the Management Board LPP SA.

The Company attaches the notification received.

CR 10 2021 – Information on the transactions on the issuer’s shares

Attachment CR 10 2021 – Notification Magdalena Piechocka

 

Certificate of conformity – 10th May 2021

From: LPP S.A.

To: Bondholders of Series A Bonds

Re: Series A Bonds Issued By LPP S.A. (“Issuer”) based on terms and conditions of issue of 22 November 2019 (“Terms and Conditions of Issue”).

Date: 10.05.2021

We refer to the Terms and Conditions of Issue. This letter is a Certificate of Conformity. Any capitalised terms in this Certificate of Conformity not defined separately shall have meanings provided in the Terms and Conditions of Issue.

Certificate of conformity: Download here

CR 09/2021 Selected preliminary consolidated financial data of LPP Group for the first quarter of 2021/22

Selected preliminary consolidated financial data of LPP Group for the first quarter of 2021/22

                                                                                                                                   

CR No. 9/2021

Date: 04.05.2021,  05:08 pm

 

The Management Board of LPP SA presents in the annex hereto the selected preliminary consolidated financial data of LPP Group for the first quarter of 2020/21 (February 2021 – April 2021).

 

CR 09 2021 – Selected preliminary consolidated financial data of LPP Group for the first quarter of 2021-22

Attachment CR 09 2021 – Selected preliminary consolidated financial data of LPP Group for the first quarter of 2021