CR 38/2016 Correction to CR 38/2016 Revenues from sales generated by LPP SA Capital Group in June 2016

Correction to CR 38/2016 Revenues from sales generated by LPP SA Capital Group in June 2016

 

Current report no.: 38/2016

Date: 27.07.2016; 13:49

 

The Management Board of LPP SA hereby informs that Current Report RB 38/2016 dated 1 July 2016 incorrectly stated sales in comparable stores, the so-called LFL for the second quarter and cumulatively for January-June. The report stated, 3.0% and 3.5%, respectively, instead of 6.0% and 5.2%, respectively. The error resulted from the application of the LFL in PLN instead of local currencies.

The correct RB 38/2016 should read as follows:

 

The LPP SA Management Board hereby informs that LPP SA Group consolidated revenue from sales in June 2016 totaled in about 556 million PLN and was higher by about 16% in comparison with the revenues generated in June 2015.

Estimated gross margin on sales would be 47% and was lower to gross margin on sales achieved in June in the previous year about 4 percentage point.

In the period between January and June 2016 consolidated revenue from sales totaled in about 2 674 mln PLN and was higher by about 17% as compared with the revenue generated in the corresponding period in the previous year.

The E-commerce revenue from sales in June 2016 totaled in about 17 mln PLN and was higher by about 213% in comparison to June 2015.

In the period January – June 2016 the E-Commerce revenue from sales totaled in about 68 mln PLN and was higher by 93% year over year.

The commercial area at the end of June 2016 was about 870 thousand of square meters and was about 12% higher as compared to the end of June 2015.

The Like-for-Like sales, by the end of second quarter was about 6.0% and for the period January – June 2016 was about 5.2%.

 

CR 38 2016 – Correction to Revenues from sales generated by LPP SA Capital Group in June 2016

 

CR 40/2016 Announcement on registration of the share capital by the court

Announcement on registration of the share capital by the court

 

Current report no.: 40/2016

Date: 04.07.2016

 

The Management Board of LPP Spó?ka Akcyjna [Polish Joint Stock Company] with its registered office in Gda?sk (hereinafter: the “Issuer”) announces that today it has received information on an entry to the Register of Businesses kept in the system of the National Court Register made by the District Court Gda?sk-Pó?noc in Gda?sk, by way of a decision of 17 June 2016, regarding a change to the share capital. The newly-revealed amount of the share capital is PLN 3,670,414 (three million six hundred seventy thousand four hundred fourteen zlotys).

The registration of the change to the share capital is a result of changing 4,084 series A subscription warrants into the same number of series L shares in the share capital of LPP SA, which was the topic of current report no. 02/2016 of 8 January 2016.

As a result of the change, the Issuer’s share capital revealed in the register is divided into: 350,000 (three hundred and fifty thousand) registered shares and 1,485,207 (one million four hundred eighty-five thousand two hundred and seven) bearer shares. The total number of votes at the general meeting is 3,235,207 (three million two hundred and thirty-five thousand two hundred and seven). The new L series shares constitute 0.2% (two-tenths of one percent) of the Issuer’s share capital and 0.1% (one-tenth of one percent) of the total number of votes at the Issuer’s general meeting.

Legal basis of the report: § 5 (1) (9) and § 15 of the Regulation on current and interim reports

 

CR 40/2016 Announcement on registration of the share capital by the court

CR 39/2016 Annex to material agreement

Current report No.: 39/2016

Date: 01.07.2016

 

 

The LPP SA Management Board announces that today has sign an annex to the LC (Letter of Credit) line agreement from 01 of July 2015 with bank HSBC Bank Polska SA.

 

By virtue of the above-mentioned annex the total limit for the use is 15 mln USD (no changes in relation to the previous agreement). The current period for the use of LC line is up to 30 of June 2017

 

The remaining terms and conditions of the agreement remain unchanged.

The above agreement was concluded on arm’s length terms.

 

 

Art. 56 (1)(2) of the Public Offering Act – current and periodic information

 

CR 39/2016 Annex to material agreement

CR 38/2016 Revenues from sales generated by LPP SA Capital Group in June 2016

Current report no.: 38/2016

Date: 01.07.2016

 

 

The LPP SA Management Board hereby informs that LPP SA Group consolidated revenue from sales in June 2016 totaled in about 556 million PLN and was higher by about 16% in comparison with the revenues generated in June 2015.

 

Estimated gross margin on sales would be 47% and was lower to gross margin on sales achieved in June in the previous year about 4 percentage point.

 

In the period between January and June 2016 consolidated revenue from sales totaled in about 2 674 mln PLN and was higher by about 17% as compared with the revenue generated in the corresponding period in the previous year.

 

The E-commerce revenue from sales in June 2016 totaled in about 17 mln PLN and was higher by about 213% in comparison to June 2015.

In the period January – June 2016 the E-Commerce revenue from sales totaled in about 68 mln PLN and was higher by 93% year over year.

 

The commercial area at the end of June 2016 was about 870 thousand of square meters and was about 12% higher as compared to the end of June 2015.

 

The Like-for-Like sales, by the end of second quarter was about 3% and for the period January – June 2016 was about 3,5%.

 

Art. 56 item 1.1 of the Public Offering Act – confidential information

 

CR 38/2016 – Revenues from sales generated by LPP SA Capital Group in June 2016

CR 37/2016 Annex to material agreement

Current report No.: 37/2016

Date: 30.06.2016

 

 

The Management Board of LPP SA announces that today an annex to the credit facility agreement (multi-purpose line) of 14 April 2004 was signed with BG? BNP Paribas SA.

By virtue of the above-mentioned annex the total limit for the use of individual products has been set at up to PLN 330 million (no changes in relation to the previous agreement) and the amounts for the use of individual products have been changed:

  • Overdraft facility up to PLN 330 million (previously PLN 175 million);
  • Limit for the guarantees granted by LPP SA and its subsidiaries up to PLN 60 million (previously PLN 58 million);
  • Limit for the opening of letters of credit up to PLN 330 million (no changes in relation to the previous agreement).

The current period for the use of products – 30 January 2017 (no changes in relation to the previous agreement).

The remaining terms and conditions of the agreement remain unchanged.

The above agreement was concluded on arm’s length terms.

An agreement is considered material when its value exceeds 10% of the equity of LPP SA.

Art. 56 (1)(2) of the Public Offering Act – current and periodic information

 

CR 37/2016 Annex to material agreement