CR 07/2016 Notification of change in the total number of votes at the Annual General Meeting of the Issuer

 

Notification of change in the total number of votes at the Annual General Meeting of the Issuer

 

Current report no: 07/2016

Date: 29.01.2016

 

 

The Management Board of LPP SA with its registered office in Gdansk (the” Issuer “) informs that on 29 January 2016 it received a notification from one of the members of the Issuer’s Management Board, drawn up pursuant to Art. 160(1) sub-paragraph 1 of the Act on Trading in Financial Instruments of 29 July 2005 (consolidated text: Journal of Laws of 2014, item 94, as amended) in conjunction with § 2.1 and 5 of the Regulation of the Minister of Finance dated 15 November 2005 on the disclosure of information on certain transactions in financial instruments and principles of making a list of persons having access to certain confidential information (Journal of Laws No 229, item 1950), of donating 1 (one) registered share in the Issuer’s share capital on 4 September 2015. The agreement was concluded without any payment.

 

CR 07 2016 – Notification of change in the total number of votes at the Annual General Meeting of the Issuer

 

CR 06/2016 Notification of change in the total number of votes at the Annual General Meeting of the Issuer

 

Notification of change in the total number of votes at the Annual General Meeting of the Issuer

 

Current report no: 06/2016

Date: 29.01.2016

 

 

The Management Board of LPP SA with its registered office in Gdansk (the” Issuer “) informs that on 29 January 2016 it received a notification from one of the members of the Issuer’s Supervisory Board, drawn up pursuant to Art. 160(1) sub-paragraph 1 of the Act on Trading in Financial Instruments of 29 July 2005 (consolidated text: Journal of Laws of 2014, item 94, as amended) in conjunction with § 2.1 and 5 of the Regulation of the Minister of Finance dated 15 November 2005 on the disclosure of information on certain transactions in financial instruments and principles of making a list of persons having access to certain confidential information (Journal of Laws No 229, item 1950), of donating 1 (one) registered share in the Issuer’s share capital on 4 September 2015. The agreement was concluded without any payment.

 

CR 06 2016 – Notification of change in the total number of votes at the Annual General Meeting of the Issuer

 

 

 

CR 05/2016 Dates of publication of periodic reports in 2016

 

Dates of publication of periodic reports in 2016

 

Current report no.: 05/2016

Date: 26.01.2016

 

 

The Management Board of LPP SA informs about the filing deadlines for periodic reports in 2016:

1. Annual reports:

Annual report for 2015: 22.04.2016

Consolidated annual report for 2015: 22.04.2016

 

2. Semi-annual report (consolidated semi-annual report for 2016 with the abbreviated half-yearly financial statement and the summary note in accordance with par. 87 sec. 4 of the Ordinance of the Minister of Finance on current and periodic information disclosed by issuers of securities):

Semi-annual report for H1 2016: 30.08.2016

 

3. Quarterly reports (consolidated quarterly reports will include abbreviated quarterly financial statements in accordance with par. 87 sec. 1 of the Ordinance of the Minister of Finance on current and periodic information disclosed by issuers of securities):

Extended consolidated report for Q4 2015: 19.02.2016

Extended consolidated report for Q1 2016: 12.05.2016

Extended consolidated report for Q3 2016: 14.11.2016

 

CR 05 2016 – Dates of publication of periodic reports in 2016

CR 04/2016 Annex to the master agreement

 

Annex to the master agreement

 

Current report no: 04/2015

Date: 14.01.2016

 

 

The Management Board of LPP SA informs that on 14 January 2016 the Company signed an annex to the multi purpose line of credit agreement concluded on 14 April 2004 between LPP SA and BG? BNP Paribas SA.

Under this annex, the credit limit was increased to the amount of PLN 330 million, and the current use period was extended to 30 January 2017.

Limit to the agreement of PLN 330 million can be used as an overdraft on current account to the amount of PLN 175 million, a line of letters of credit to the amount of PLN 330 million and the guarantees’ line to PLN 58 million.

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

The contract was concluded on market terms.

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

 

CR 04 2016 – Annex to the master agreement

CR 03/2016 Annex to the master agreement

 

Annex to the master agreement

 

Current report no.: 03/2016

Date: 11.01.2016

 

 

The Management Board of LPP SA hereby informs, that on 11 January 2016, annexes to the overdraft facility agreement (multi-purpose line) executed on 13 December 2011 and to the agreement on revolving line for letters of credit executed on 13 December 2011 were signed by LPP SA and Bank Handlowy w Warszawie SA.

Under the annex to the overdraft facility agreement (multi-purpose line) the current period of use the line was extended to 11 January 2018.

Under the annex the current period of use the line for letters of credit was extended to 10 January 2017.

The other contract terms were not changed.

The above quoted contracts were concluded on market basis.

The criterion of declaration of the contracts is that the agreement value exceeded 10% of the equity capital of the LPP SA.

 

CR 03 2016 – Annex to the master agreement

CR 02/2016 Correction to CR no. 02/2016

 

Correction to CR no. 02/2016

 

 

Current report no.: 02/2016

Date: 08.01.2016

 

 

The Management Board of LPP SA, in order to rectify an obvious misprint noted in the Current Report No. 02/2016 dated 8 January 2016, announces that the said Current Report mistakenly states the date when the Management Board obtained information about the conversion of part of the warrants. The date stated is 8 January 2015 instead of 8 January 2016.

Modified content of the report:

 

The Management Board of LPP SA in Gda?sk (the “Issuer”) announces that on 8 January 2016, it received information about conversion of part of series A subscription warrants into series L shares in the share capital of LPP SA as indicated below:

 

1) indication of the Issuer’s securities with attached rights subject to conversion, including their number

Authorized entity exercised its right attached to 4,084 (four thousand eighty four) series A subscription warrants to convert them into 4,084 (four thousand eighty four) series L shares in the Issuer’s share capital.

 

2) legal basis for the action taken as well as the content of resolutions of the Issuer’s competent authorities, pursuant to which the conversion of the rights of the Issuer’s securities took place

Conversion of series A subscription warrants into series L ordinary bearer shares, with a nominal value of PLN 2 (two zloty) each, in the Issuer’s share capital is made under the conditional share capital increase made pursuant to:

  • provision Section 51.1(b), Section 51.3, Section 51.6 and Section 51.7 of the Articles of Association,
  • Resolution 27 of Annual General Meeting of LPP SA dated 27 June 2011 regarding: (i) the issue of series A subscription warrants with the right to acquire series L shares, (ii) conditional share capital increase, (iii) exclusion of pre-emptive rights to series A subscription warrants and pre-emptive rights to series L shares, (iv) authorisation for the Company ‘s authorities, (v) amendment to the Articles of Association,
  • Resolution 24 of the Annual General Meeting of LPP SA dated 26 June 2015 regarding the amendment of Resolution 22 of the Annual General Meeting of LPP SA dated 27 June 2011 regarding: (i) the issue of series A subscription warrants with the right to acquire series L shares, (ii) conditional share capital increase, (iii) exclusion of pre-emptive rights to series A subscription warrants and pre-emptive rights to series L shares, (iv) authorisation for the Company ‘s authorities, (v) amendment to the Articles of Association,
  • Resolution 21 of the Annual General Meeting of LPP SA dated 27 June 2011 regarding the adoption of the incentive programme for key managers of the Company for the years 2011-2014,
  • Resolution 23 of the Annual General Meeting of LPP SA dated 26 June 2015 regarding the amendment of Resolution 21 of the Annual General Meeting of LPP SA dated 27 June 2011 regarding the adoption of the incentive programme for key managers of the Company for the years 2011-2014,

 

Exercise of the rights attached to the series A subscription warrants to series L bearer ordinary shares requires no additional resolutions issued by the Issuer’s authorities, except for the adoption of a resolution of the Issuer’s Management Board specifying the amount of share capital following the conversion. After the entitled entity announced its acquisition of 4,084 L series shares in exchange for the owned 4,084 series A subscription warrants, the Issuer’s Management Board adopted a resolution specifying the amount of share capital and the respective modification of the Articles of Association as follows:

“In connection with the share capital increase through the issue of Series L Shares, under the conditional share capital increase referred to in Section 51.1(b) of the Articles of Association, by converting part of Subscription Warrants into Series L Shares, the current wording of Section 5.1 and Section 5.2 of the Company’s Articles of Association is changed in such a way that they receive the following wording:

  1. The Company’s share capital amounts to PLN 3,670,414 (three million six hundred seventy thousand four hundred fourteen zloty) and is divided into: 350,000 (three hundred fifty thousand) registered shares and 1,485,207 (one million four hundred eighty five thousand two hundred and seven) bearer shares with the nominal value of PLN 2.00 (two zloty) each.
  2. The Company has issued:
  • 100 (one hundred) series A bearer shares, with a nominal value of PLN 2.00 (two zloty) each,
  • 350,000 (three hundred and fifty thousand) series B registered shares, with a nominal value of PLN 2.00 (two zloty) each,
  • 400,000 (four hundred thousand) series C bearer shares, with a nominal value of PLN 2.00 (two zloty) each,
  • 350,000 (three hundred and fifty thousand) series D bearer shares, with a nominal value of PLN 2.00 (two zloty) each,
  • 56,700 (fifty six thousand seven hundred) series E bearer shares, with a nominal value of PLN 2.00 (two zloty) each,
  • 56,700 (fifty six thousand seven hundred) series F bearer shares, with a nominal value of PLN 2.00 (two zloty) each,
  • 300,000 (three hundred thousand) series G bearer shares, with a nominal value of PLN 2.00 (two zloty) each,
  • 190,000 (one hundred and ninety thousand) series H bearer shares, with a nominal value of PLN 2.00 (two zloty) each,
  • 6,777 (six thousand seven hundred and seventy seven) series I bearer shares, with a nominal value of PLN 2.00 (two zloty) each,
  • 40,000 (forty thousand) series J bearer shares, with a nominal value of PLN 2.00 (two zloty) each,
  • 80,846 (eighty thousand eight hundred and forty six) series K bearer shares, with the nominal value of PLN 2.00 (two zloty) each,
  • 4,084 (four thousand eighty four) series L bearer shares, with a nominal value of PLN 2.00 (two zloty) each.”

 

3) full description of the rights attached to shares before and after the conversion in terms of changes

Following the exercise of the right to convert 4,084 series A subscription warrants to the same number of series L ordinary bearer shares, the said subscription warrants expire and cease to exist, whereas the ordinary bearer shares are created in the Issuer’s share capital.

Increase of the share capital takes place upon acquisition and the issuance of shares, whereas notification to the registration court takes place after that date. Following the conversion, the Issuer’s share capital amounts to PLN 3,670,414 (three million six hundred seventy thousand four hundred fourteen zloty) and is divided into: 350,000 (three hundred fifty thousand) registered shares and 1,485,207 (one million four hundred eighty five thousand two hundred and seven) bearer shares. Hence, the total number of votes at the General Meeting amounts to 3,235,207 (three million two hundred thirty five thousand two hundred and seven). The new series L shares represent 0.2% (two tenths percent) of the Issuer’s share capital and 0.1% (one tenth of a percent) of the total number of votes at the Issuer’s General Meeting. Regarding 17,216 series A subscription warrants, no conversion has been exercised into series L shares.

 

CR 02 2016 – Correction to CR 02 2016

CR 02/2016 Notice of the change in the rights attached to the Issuer’s securities

 

Notice of the change in the rights attached to the Issuer’s securities

 

 

Current report no.: 02/2016

Date: 08.01.2016

 

 

The Management Board of LPP SA in Gdansk (the “Issuer”) announces that on 8 January 2015, it received information about conversion of part of series A subscription warrants into series L shares in the share capital of LPP SA as indicated below:

 

1) indication of the Issuer’s securities with attached rights subject to conversion, including their number

Authorized entity exercised its right attached to 4,084 (four thousand eighty four) series A subscription warrants to convert them into 4,084 (four thousand eighty four) series L shares in the Issuer’s share capital.

 

2) legal basis for the action taken as well as the content of resolutions of the Issuer’s competent authorities, pursuant to which the conversion of the rights of the Issuer’s securities took place

Conversion of series A subscription warrants into series L ordinary bearer shares, with a nominal value of PLN 2 (two zloty) each, in the Issuer’s share capital is made under the conditional share capital increase made pursuant to:

  • provision Section 51.1(b), Section 51.3, Section 51.6 and Section 51.7 of the Articles of Association,
  • Resolution 27 of Annual General Meeting of LPP SA dated 27 June 2011 regarding: (i) the issue of series A subscription warrants with the right to acquire series L shares, (ii) conditional share capital increase, (iii) exclusion of pre-emptive rights to series A subscription warrants and pre-emptive rights to series L shares, (iv) authorisation for the Company ‘s authorities, (v) amendment to the Articles of Association,
  • Resolution 24 of the Annual General Meeting of LPP SA dated 26 June 2015 regarding the amendment of Resolution 22 of the Annual General Meeting of LPP SA dated 27 June 2011 regarding: (i) the issue of series A subscription warrants with the right to acquire series L shares, (ii) conditional share capital increase, (iii) exclusion of pre-emptive rights to series A subscription warrants and pre-emptive rights to series L shares, (iv) authorisation for the Company ‘s authorities, (v) amendment to the Articles of Association,
  • Resolution 21 of the Annual General Meeting of LPP SA dated 27 June 2011 regarding the adoption of the incentive programme for key managers of the Company for the years 2011-2014,
  • Resolution 23 of the Annual General Meeting of LPP SA dated 26 June 2015 regarding the amendment of Resolution 21 of the Annual General Meeting of LPP SA dated 27 June 2011 regarding the adoption of the incentive programme for key managers of the Company for the years 2011-2014,

 

Exercise of the rights attached to the series A subscription warrants to series L bearer ordinary shares requires no additional resolutions issued by the Issuer’s authorities, except for the adoption of a resolution of the Issuer’s Management Board specifying the amount of share capital following the conversion. After the entitled entity announced its acquisition of 4,084 L series shares in exchange for the owned 4,084 series A subscription warrants, the Issuer’s Management Board adopted a resolution specifying the amount of share capital and the respective modification of the Articles of Association as follows:

“In connection with the share capital increase through the issue of Series L Shares, under the conditional share capital increase referred to in Section 51.1(b) of the Articles of Association, by converting part of Subscription Warrants into Series L Shares, the current wording of Section 5.1 and Section 5.2 of the Company’s Articles of Association is changed in such a way that they receive the following wording:

  1. The Company’s share capital amounts to PLN 3,670,414 (three million six hundred seventy thousand four hundred fourteen zloty) and is divided into: 350,000 (three hundred fifty thousand) registered shares and 1,485,207 (one million four hundred eighty five thousand two hundred and seven) bearer shares with the nominal value of PLN 2.00 (two zloty) each.
  2. The Company has issued:
  • 100 (one hundred) series A bearer shares, with a nominal value of PLN 2.00 (two zloty) each,
  • 350,000 (three hundred and fifty thousand) series B registered shares, with a nominal value of PLN 2.00 (two zloty) each,
  • 400,000 (four hundred thousand) series C bearer shares, with a nominal value of PLN 2.00 (two zloty) each,
  • 350,000 (three hundred and fifty thousand) series D bearer shares, with a nominal value of PLN 2.00 (two zloty) each,
  • 56,700 (fifty six thousand seven hundred) series E bearer shares, with a nominal value of PLN 2.00 (two zloty) each,
  • 56,700 (fifty six thousand seven hundred) series F bearer shares, with a nominal value of PLN 2.00 (two zloty) each,
  • 300,000 (three hundred thousand) series G bearer shares, with a nominal value of PLN 2.00 (two zloty) each,
  • 190,000 (one hundred and ninety thousand) series H bearer shares, with a nominal value of PLN 2.00 (two zloty) each,
  • 6,777 (six thousand seven hundred and seventy seven) series I bearer shares, with a nominal value of PLN 2.00 (two zloty) each,
  • 40,000 (forty thousand) series J bearer shares, with a nominal value of PLN 2.00 (two zloty) each,
  • 80,846 (eighty thousand eight hundred and forty six) series K bearer shares, with the nominal value of PLN 2.00 (two zloty) each,
  • 4,084 (four thousand eighty four) series L bearer shares, with a nominal value of PLN 2.00 (two zloty) each.”

 

3) full description of the rights attached to shares before and after the conversion in terms of changes

Following the exercise of the right to convert 4,084 series A subscription warrants to the same number of series L ordinary bearer shares, the said subscription warrants expire and cease to exist, whereas the ordinary bearer shares are created in the Issuer’s share capital.

Increase of the share capital takes place upon acquisition and the issuance of shares, whereas notification to the registration court takes place after that date. Following the conversion, the Issuer’s share capital amounts to PLN 3,670,414 (three million six hundred seventy thousand four hundred fourteen zloty) and is divided into: 350,000 (three hundred fifty thousand) registered shares and 1,485,207 (one million four hundred eighty five thousand two hundred and seven) bearer shares. Hence, the total number of votes at the General Meeting amounts to 3,235,207 (three million two hundred thirty five thousand two hundred and seven). The new series L shares represent 0.2% (two tenths percent) of the Issuer’s share capital and 0.1% (one tenth of a percent) of the total number of votes at the Issuer’s General Meeting. Regarding 17,216 series A subscription warrants, no conversion has been exercised into series L shares.

 

CR 02 2016 – Notice of the change in the rights attached to the Issuer’s securities

CR 01/2016 Revenues from sales generated by LPP SA Capital Group in December 2015

 

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

 

Current report no.: 01/2016

Date: 04.01.2016

 

 

The Management Board of LPP SA hereby informs that consolidated revenues from sales of LPP SA Capital Group generated in December 2015 totalled about PLN 653 million and were higher about 19% in comparison with the revenues generated in December 2014.

Estimated gross margin on sales would be 51% and was lower to gross margin on sales achieved in December in the previous year about 5 percentage point.

In the period between January and December 2015 consolidated revenues from sales totalled PLN 5.134 million and were higher about 8% as compared with the revenues generated in the corresponding period in the previous year.

The commercial space of stores was about 843.4 thousand square meters at the end of December 2015, and was about 17% higher as compared with the commercial space of stores at the end of December 2014.

 

CR 01 2016 – Revenues from sales generated by LPP SA Capital Group in December 2015