CR 20/2015 Annex to the master agreement

 

Annex to the master agreement

 

Current report no.: 20/2015

Date: 27.05.2015

 

The Management Board of LPP SA hereby informs that on 27 May 2015 LPP SA concluded with Bank Handlowy w Warszawie SA annexes to the agreements: overdraft agreement (multi-purpose line) and the framework agreement on revolving line for opening of letters of credit signed on 13 December 2011 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 194 million, where the amount of up to PLN 194 million can be used in the form of loans, up to PLN 194 million in the form of letters of credit, and up to PLN 40 million in the form of guarantee;

– the total value of letters of credit opened in the revolving line amounts up to PLN 50.7 million.

The other contract terms were not changed.

By virtue of the agreement for issuing of letters of credit (stand by) the limit up to PLN 12 million was determined. Limit to the agreement can be used as a line for rental guarantees.

The line collateral is the blank promissory note of LPP SA and the statement of execution.

The total value of the above agreements at the date of signing is PLN 256.7 million and this amount exceeds 10% of the equity of LPP SA.

 

CR 20 2015 – Annex to the master agreement

 

CR 19/2015 First shareholders notification about the plan of the Cross-Border Merger with another company

First shareholders notification about the plan of the cross-border merger with another company  

 

Current report no.: 19/2015

Date: 25.05.2015

 

The Management Board of LPP SA in accordance with the requirement of art. 504 in connection with the art. 5161 of Commercial Companies Code informs shareholders about the plan of the cross-border merger with the company Gothals Limited, based in Nicosia, Cyprus.

The Management Board of LPP SA hereby informs that on 25 May 2015 together with the Board of Directors of Gothals Limited approved the plan of Cross-Border Merger of LPP SA and Gothlas.

 

CR 19 2015 – First shareholders notification about the plan of the cross-border merger with another company

Plan of Cross-Border Merger of LPP SA and Gothals

1d_statement of financial position Gothals

1e_valuation_Gothals

1f_accounting_statement_Gothals-1

 

 

 

 

 

 

 

CR 18/2015 Plan of Cross-Border Merger of LPP SA and Gothals

Plan of Cross-Border Merger of LPP SA and Gothals

 

Current report no.: 18/2015

Date: 25.05.2015

 

The Management Board of LPP SA hereby informs that on 25 May 2015 together with the Board of Directors of Gothals Limited approved the plan of Cross-Border Merger of LPP SA and Gothlas.

 

CR 18 2015 – Plan of Cross-Border Merger of LPP SA and Gothals

Plan of Cross-Border Merger of LPP SA and Gothals

1d_statement of financial position Gothals

1e_valuation_Gothals

1f_accounting_statement_Gothals-1

CR 17/2015 Information on dividend

 

Information on dividend

 

Current report no.: 17/2015

Date: 18.05.2015

 

 

The Management Board of LPP SA with its registered office in Gdansk hereby informs that on 18 May 2015 decided to submit to the Supervisory Board and the Annual General Meeting a proposal on the distribution of the net profit earned in the financial year ended on 31 December 2014, which recommends the payment of a dividend of amount PLN 57 988 640. 00 i.e PLN 32.00 per share.

The Management Board of LPP SA also states that the Company based on resolution No. 21 and 22 of the Annual General Meeting of the Company dated 27 June 2011 issued 21 300 warrants entitling to subscribe for the same number of shares in the share capital of the Company. In the case of the implementation of all these powers before the dividend day value of the dividend per share would be PLN 31.62.

The Management Board of LPP SA proposes in its request to establish the dividend date on 3 September 2015, and the dividend payment date on 24 September 2015.

The proposal will be submitted for opinion to the Supervisory Board of LPP SA, as required by the provisions of § 33 paragraph. 3 of the Statute and of art. 382 § 3 of the Commercial Companies Code and presented for consideration by the Annual General Meeting of the Company, in accordance with Art. 395 § 2 point 2 of the Commercial Companies Code and § 33 paragraph. 1 point 3 of the Statute of LPP SA.

 

CR 17 2015 – Information on dividend

CR 16/2015 Resignation of a Member of the Supervisory Board of LPP SA

 

Resignation of a Member of the Supervisory Board of LPP SA


Current report no.: 16/2015

Date: 18.05.2015

 

 

The Management Board of LPP SA hereby informs that on 18 May 2015 the Company was notified by Mr Krzysztof Faferek – a member of the Supervisory Board – about his resignation from the post of Member of the Supervisory Board of LPP SA.

The resignation will be effective at the day of Annual General Meeting of Shareholders, approving financial statements for year 2014.

Mr Krzysztof F?ferek didn’t give the merit of his resignation.

 

CR 16 2015 – Resignation of a Member of the Supervisory Board of LPP SA

CR 15/2015 Revenues from sales generated by LPP SA Capital Group in April 2015

 

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

 

Current report no.: 15/2015

Date: 04.05.2015

 

The Management Board of LPP SA hereby informs that consolidated revenues from sales of LPP SA Capital Group generated in April 2015 totalled about PLN 383 million and were higher about 1% in comparison with the revenues generated in April 2014.

Estimated gross margin on sales would be 56% and was lower to gross margin on sales achieved in April in the previous year about 6 percentage point.
In the period between January and April 2015 consolidated revenues from sales totalled PLN 1 386 million and were higher about 5% as compared with the revenues generated in the corresponding period in the previous year.

The commercial space of stores was about 749,8 thousand square meters at the end of April 2015, and was about 18% higher as compared with the commercial space of stores at the end of April 2014.

 

CR 15 2015 – Revenues from sales generated by LPP SA Capital Group in April 2015