Legal basis: Art. 56 sec. 1 point 1 of the Act on Public Offering - confidential information
The Management Board of LC Corp S.A. (“The Issuer”), taking into account further development of the Issuer, including facilitating better access to attractive funding, announces the decision to commence a review of the Issuer’s strategic options in all areas of the Issuer’s business, as well as the analysis of the development potential of the property market in Poland. At this stage of the review, all options will be considered, including the maintenance of the existing ownership structure as well as search for strategic or financial investor. The Issuer has engaged J.P. Morgan as sole financial advisor to support the Management Board in commencing the review described above. No decisions about selecting a particular option by the Management Board have yet been taken and it is uncertain whether such a decision would be taken in the future.
Accordingly, the Management Board began the process of preparing a due diligence report of the Issuer and its subsidiaries to disclose it to potential investors subsequently.
This information is, in the opinion of the Management Board of the Issuer's confidential information within the meaning of Art. 154 of the Act of 29 July 2005 Trading in Financial Instruments.
Legal Basis: Art. 56 sec. 1 point 1 of the Act of 29 July 2005 On Public Offering and Conditions Governing the Introduction of Financial Instruments to Organized Trading System and Public Companies.