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Acquisition of Real Property by Issuer


 

With reference to the Current Report No. 13/2018 of 16 March 2018, the Management Board of LC Corp S.A. (“the Issuer” or “the Company”) informs that today, i.e. 30 March 2018, after having won an open public oral tender (auction), which was announced by the President of Gdańsk, the Company – as the Purchaser – has entered into a purchase agreement in the form of a notarial deed, under which the right of ownership to land located at ul. Letnicka in Gdańsk, with an area of 1.3002 ha has been acquired for a price of PLN 24,376,600.00 gross.

 

The said real property is designated for residential and retail development.

 

This report has been published due to the fact that the event in question is of relevance to the Company's business.

 

According to the Issuer, this Current Report constitutes inside information within the meaning of Article 7 of the MAR.

 

Legal basis: Article 17(1) in conjunction with Article 7(1a), (2), (3) and (4) of the Regulation of the European Parliament and of the Council (EU) No. 596/2014 of 16 April 2014 on market abuse (the Market Abuse Regulation) repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC (“the MAR”) in relation to Article 2 and 3 of the Commission Implementing Regulation (EU) 2016/1055 of 29 June 2016 laying down implementing technical standards with regard to the technical means for appropriate public disclosure of inside information and for delaying the public disclosure of inside information in accordance with Regulation (EU) No. 596/2014 of the European Parliament and of the Council.