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Acquisition of Real Property by Issuer's Subsidiary


The Management Board of LC Corp S.A. (“the Issuer” or “the Company”) informs that on 17 April 2018 an Issuer's subsidiary, i.e. LC Corp Invest III spółka z ograniczoną odpowiedzialnością – as the Purchaser – entered into purchase agreements in the form of notarial deeds, under which the right of ownership to parcels of land located at Parowcowa / Trzcinowa streets in Warsaw, of the total area of 9,690 sq m, and to other benefits arising from the agreements, for a net price of PLN 11,900,000.00.

 

The aforementioned land is designated for a residential development project with about 163 flats.

 

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.