CR 36/2016 The master agreement

 

The master agreement 


Current report no.: 36/2016

Date: 23.06.2016

 

 

The Management Board of LPP SA announces that today it has received a notification from PKO BP SA, stating that the period for use of overdraft facility (as a part of the multi-purpose credit line) was extended for the next annual period, i.e. until 23 June 2017.

The total limit of all facilities is PLN 280 mln, for the individual products:
1. Overdraft facility to the amount of PLN 230 mln – agreement extended by 23 June 2017;
2. Limit for guarantees granted by LPP SA and its subsidiaries to the amount of PLN 280 mln – the expiry date 23 June 2017;
3. Limit for the opening of letters of credit to the amount of PLN 280 mln – the expiry date 23 June 2017.

The criterion of declaration of the overdraft facility is that the agreements value exceeded 10% of the equity capital of the LPP SA.

 

CR 36/2016 The master agreement

CR 35/2016 Annex to the master agreement

 

Annex to the master agreement         


Current report no.: 35/2016

Date: 22.06.2016

 

 

The Management Board of LPP SA hereby informs that on 22 June 2016 the Company and Bank Polska Kasa Opieki SA signed an annex to the loan agreement (the multi-purpose credit line) signed of 13 August 2004.

Pursuant to the annex, the total limit of all facilities was set at the amount of PLN 330 mln (no change as compared with the previous agreement) and the period for the use of individual products has been extended:

1) Overdraft facility to the amount of PLN 330 mln (previously PLN 190 mln) – agreement extended by 30 June 2017;

2) Limit for guarantees granted by LPP SA and its subsidiaries to the amount of PLN 140 mln (no change as compared with the previous agreement) – agreement extended by 31July 2019;

4) Limit for the opening of letters of credit to the amount of PLN 330 mln (no change as compared with the previous agreement) agreement extended by 30 June 2018.

Other terms and conditions have remained unaffected.

The above quoted contract was concluded on market terms.

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

 

CR 35 2016 Annex to the master agreement

CR 34/2016 The information on dividend

 

The information on dividend  


Current report no.: 34/2016

Date: 17.06.2016

 

 

The Management Board of LPP SA announces that on 17 June 2016 the Annual General Meeting adopted resolution no. 21 on the distribution of profit for the financial year 2015, under which the net profit generated by the Company in the financial year 2015 in the amount of PLN 344.347.475,66 (three hundred and forty four million three hundred forty seven thousand four hundred and seventy five zloty 66/100) was allocated as follows:

1. PLN 59 935 557.00 (fifty nine million nine hundred thirty five thousand five hundred and fifty seven zloty) to be allocated among the shareholders as a dividend,

2. exclude PLN 276 911 918.66 (two hundred seventy six million nine hundred eleven thousand nine hundred and eighteen zloty 66/100) from allocation among the shareholders and allocate it as reserve capital of the Company,

3. exclude PLN 7 500 000 (seven million five hundred thousand zloty) from allocation among the shareholders and allocate it as reserve capital of the Company established by Resolution No. 21 of the Annual General Meeting of the Company of 17 June 2016 to accumulate the resources for the purpose stipulated in Article 362 § 2(3) of the Commercial Companies Code.

 

The Annual General Meeting of LPP SA resolved that:

1. the dividend date (date of establishing the list of shareholders entitled to the dividend) is 5 September 2016,

2. the dividend payment date is 21 September 2016.

 

As at the date of the resolution: one share of LPP SA accounts for the dividend of PLN 33.00, the number of LPP SA shares entitled to dividend is 1,816,229.

At the same time, the Management Board of LPP SA indicates that under Resolutions No. 21 and 22 of the AGM of 27 June 2011, the Company issued 21,300 Warrants issued in exchange for which the Eligible Persons shall have the right to purchase L Series Shares out of which 17 216 Warrants remained to be converted.

Where the above-mentioned rights are exercised on or before dividend date, the amount per share shall amount PLN 31.62.

 

CR 34 2016 The information on dividend

CR 33/2016 Shareholders representing at least 5% of votes at the AGM of LPP SA as at 17 June 2016

 

Shareholders representing at least 5% of votes at the AGM of LPP SA as at 17 June 2016

           

Current report no.: 33/2016

Date: 17.06.2016

 

 

The Management Board of LPP SA announces the list of shareholders holding more than 5% of votes at the AGM as at 17 June 2016:

1) Marek Piechocki 874 999 votes representing 36.0% of votes at the AGM and 27.2% of the total number of votes,

2) Jerzy Lubianiec 874 999 votes representing 36.0% of votes at the AGM and 27.2% of the total number of votes,

3) Quarter Scsp 143 710 votes representing 5.9% of the number of votes at the AGM and 4.5% in the total number of votes.

4) AVIVA Otwarty Fundusz Emerytalny Aviva BZ WBK 136 000 votes representing 5.6% of the number of votes at the AGM and 4.2% in the total number of votes.

 

CR 33 2016 Shareholders representing at least 5% of votes at the AGM of LPP SA as at 17 June 2016

CR 32/2016 The Resolutions of the Annual General Meeting of Shareholders of LPP SA

 

The Resolutions of the Annual General Meeting of Shareholders of LPP SA

 

Current report no.: 32/2016

Date: 17.06.2016

 

 

The Management Board of LPP SA publishes the content of resolutions passed on 17 June 2016 by the General Meeting of Shareholders of LPP SA as an attachment to this report.

At the same time, the Issuer announces that decided to withdraw from the appointment of the Ballot Counting Committee from the agenda due to the voting by means of the electronic voting system.

 

CR 32 2016 The Resolutions of the Annual General Meeting of Shareholders of LPP SA

CR 32 Attachment – Resolutions of the Annual General Meeting of Shareholders of LPP SA

CR 31/2016 The disposal of LPP shares

 

The disposal of LPP shares

 

Current report no.: 31/2016

Date: 06.06.2016

 

 

The Board of the LPP SA informs hereby, that on 06 June 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 S?awomir ?oboda (member of The Management Board of LPP SA) about the disposal of 45 shares of LPP SA at the unit price of PLN 5.180,46 (the total value of  the transaction PLN 233.120,70).

The transaction took place on 01 June 2016.

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

 

CR 31 2016 – The disposal of LPP shares

CR 30/2016 Revenues from sales generated by LPP SA Capital Group in May 2016

 

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


Current report no.: 30/2016

Date: 01.06.2016

 

 

The Management Board of LPP SA hereby informs that consolidated revenues from sales of LPP SA Capital Group generated in May 2016 totalled about PLN 471 million and were higher about 5% in comparison with the revenues generated in May 2015.

Estimated gross margin on sales would be 53% and was higher to gross margin on sales achieved in May in the previous year about 1 percentage point.

In the period between January and May 2016 consolidated revenues from sales totalled PLN 2 118 million and were higher  about 16% as compared with the revenues generated in the corresponding period in the previous year.

 

The commercial space of stores was about 864 thousand square meters at the end of May 2016, and was about  12% higher as compared with the commercial space of stores at the end of May 2015.

 

CR 30 2016 – Revenues from sales generated by LPP SA Capital Group in May 2016