CR 11/2018 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.: 11/2018

Date: 25.05.2018, 14:12


The Management Board of LPP SA publishes the content of resolutions passed on 25 May 2018 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 11 2018 – The Resolutions of the Annual General Meeting of Shareholders of LPP SA

Resolutions of the Annual General Meeting of Shareholders of LPP SA

CR 10/2018 The information on dividend

The information on dividend  

                                                          
Current report no.: 10/2018

Date: 25.05.2018, 14:08

The Management Board of LPP SA announces that on 25 May 2018 the Annual General Meeting adopted resolution no. 21 on the distribution of profit for the financial year 2017, under which the net profit generated by the Company in the financial year 2017 in the amount of PLN 493 427 050.71 (four hundred ninety three millions four hundred twenty seven thousand fifty zloty 71/100) was allocated as follows:

1. PLN 73 342 480 (seventy three million three hundred forty two thousand four hundred and eighty Polish zlotys) to be divided among the shareholders as dividend,

2. the remaining net profit amounting to PLN 420 084 570. 71 (four hundred twenty million eighty four thousand five hundred and seventy Polish zlotys 71/100) to be excluded from division and allocated for the Company’s supplementary capital.

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 24 August 2018,

2.     the dividend payment date is 14 September 2018.

As at the date of the resolution: one share of LPP SA accounts for the dividend of PLN 40.00, the number of LPP SA shares entitled to dividend is 1 833 445.

At the same time, the Management Board of LPP SA indicates that, as part of the incentive programme adopted by Resolution no 21 of the Ordinary General Meeting of Shareholders of 19 June 2017, if the Supervisory Board passes a relevant resolution, LPP SA will offer the participants of the incentive programme (managing officers) the acquisition from the Company of 117 shares in LPP SA in total (from treasury shares). If the said rights are exercised before the dividend date, 117 shares will be attached with the right to a dividend. However, the above will not affect the dividend’s value per share (PLN 40.00).

CR 10 2018 – The information on dividend

CR 09/2018 Draft resolutions of the Annual General Meeting of Shareholders of LPP SA

Draft resolutions of the Annual General Meeting of Shareholders of LPP SA                                                                                                                                                         

Current Report No. 09/2018

Date: 24.04.2018, 2:12 pm

 

The Management Board of LPP SA presents in the annex hereto the content of draft resolutions to be subject of the Annual General Meeting of Shareholders of LPP SA on 25 May 2018.

CR 09 2018 – Draft resolutions of the Annual General Meeting of Shareholders of LPP SA

Draft resolutions of the Annual General Meeting of Shareholders of LPP SA

CR 08/2018 Convening of the Annual General Meeting of Shareholders of LPP SA

Convening of the Annual General Meeting of Shareholders of LPP SA                                                                                                                                                                              
Current Report No.: 08/2018

Date: 24.04.2018; 2:06 pm

 

The Management Board of LPP SA presents in the annex hereto the notice on convening the Annual General Meeting of Shareholders of LPP SA to be held on 25 May 2018.

CR 08 2018 – Convening of the Annual General Meeting of Shareholders of LPP SA

Convening of the Annual General Meeting of Shareholders of LPP SA

                                                                                                                                 

CR 07/2018 The information on dividend

The information on dividend  

                                                          
Current report no.: 07/2018

Date: 24.04.2018; 1:37 pm 

 

The Management Board of LPP SA with its registered office in Gdansk hereby informs that on 24 April 2018 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 2017, which recommends the payment of a dividend of amount PLN 73 342 480.00 i.e PLN 40.00 per share.

At the same time, the Management Board of LPP SA informs that, as part of the incentive programme adopted by Resolution no 21 of the Ordinary General Meeting of Shareholders of 19 June 2017, if the Supervisory Board passes a relevant resolution, LPP SA will offer the participants of the incentive programme (managing officers) the acquisition from the Company of 117 shares in LPP SA in total (from treasury shares). If the said rights are exercised before the dividend date, 117 shares will be attached with the right to a dividend. However, the above will not affect the dividend’s value per share (PLN 40.00).

The Management Board of LPP SA proposes in its request to establish the dividend date on 24 August 2018, and the dividend payment date on 14 September 2018.

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 07 2018 – The information on dividend

CR 06/ 2018 Selected preliminary consolidated financial data of the LPP CG for the first quarter of 2018

Selected preliminary consolidated financial data of the LPP CG for the first quarter of 2018                                                                                            
Current report no: 06/2018

Date: 3 April 2018

Time: 6:54 p.m.

 

 

The Management Board of LPP SA announces to the public selected preliminary consolidated financial data of the LPP SA Capital Group for the first quarter of 2018:

• revenues: PLN 1 580 mln (increase by 16% y/y),

• gross profit on sales: PLN 710 mln (increase by 14.4% y/y),

• SG&A expenses: PLN 815 mln (increase by 13.3% y/y),

• operating loss (EBIT): PLN 115 mln (as compared to operating loss of PLN 109 mln in 2017),

• revenues in LFL stores (in local currencies) in the entire first quarter of 2018 increased by 9.2%,

• at the end of the first quarter of 2018, retail space reached 1 001 thousand m2 (an increase by 9.5% y/y).

 

The said data has been calculated based on the current knowledge of the Management Board as at 3 April 2018 and may change after the full closing of accounting books.

At the same time, the Management Board of LPP SA informs that a detailed financial report will be published on 17 May 2018.

CR 06 2018 – Selected preliminary consolidated financial data of LPP Capital Group for the first quarter of 2018

CR 05/2018 Selected preliminary consolidated financial data of LPP Capital Group for the fourth quarter of 2017 and for 2017

Current report no.: 05/2018

Date: 16.02.2018; 18:27

Selected preliminary consolidated financial data of LPP Capital Group for the fourth quarter of 2017 and for 2017                                                                               


The Management Board of LPP SA hereby announces selected preliminary consolidated financial data of LPP SA Capital Group:

1)    for the fourth quarter of 2017:

Revenues: PLN 2,148 million,

Gross profit on sales: PLN 1,246 million,

SG&A costs: PLN 862 million,

Operating profit (EBIT): PLN 373 million,

Net profit: PLN 302 million

 

2)    for period from 01.01.2017 till 31.12.2017:

Revenues: PLN 7,029 million,

Gross profit on sales: PLN 3,719 million,

SG&A costs: PLN 3,100 million,

Operating profit (EBIT): PLN 575 million,

Net profit: PLN 444 million

 

Selected balance sheet data as at 31.12.2017:

Inventories: PLN 1,470 million (approx. PLN 1,484/m2)

Loan liabilities: PLN 198 million

Cash: PLN 516 million

 

Compared with the same period last year the increase in revenue in the fourth quarter of 2017 was 16%, in 2017 was 17%. Sales in comparable stores (LFL) in local currencies in the fourth quarter of 2017 increased by 12.9%, and cumulatively for the four quarters of 2017 by 10.1%.

Trade margin in the fourth quarter was 58.0%, in 2017 was 52.9%.

Operating profit for the fourth quarter of 2017 amounted to PLN 373 million, compared with PLN 199 million in the same period a year ago. Operating profit for 2017 amounted to PLN 575 million, compared with PLN 226 million in 2016.

 

The balance of financial income and expenses in the fourth quarter of 2017 and in 2017 was negative and amounted respectively to PLN 25 million and PLN 15 million.

In the fourth quarter of 2017 LPP Capital Group generated a net profit of PLN 302 million, in 2017: a net profit of PLN 444 million.

 

The calculations of these data have been made according to the current knowledge of the Management Board.

Please also note that a detailed financial report will be published on 14th March 2018.

CR 05 2018 – Selected preliminary consolidated financial data of LPP Capital Group for the fourth quarter of 2017 and for 2017

CR 04/2018 Annex to a significant agreement

Annex to a significant agreement                                                                                                                                                                                                                            

Current report no: 04/2018

Date: 30 January 2018

Time: 15:20 pm


The Management Board of LPP SA informs that, today, i.e. 30 January 2018, LPP SA and BG? BNP Paribas Spó?ka Akcyjna have signed an annex to the to the credit limit agreement (multi-option credit line) dated 14 April 2004.

Upon the Company’s application, the total limit for utilising specific products (revolving credit facility, letters of credit, guarantees) has been decreased from PLN 330 mln to PLN 280 mln, and the period for utilising specific products has been prolonged till 30 January 2019.

Other terms and conditions of the agreement remained unchanged.

The line has been secured with blank promissory note and declaration on submission to voluntary enforcement in a form of notarial deed.

CR 04 2018 – Annex to a significant agreement