Legal basis: Article 70(1) of Act on Public Offering – acquisition or disposal of large block of shares
The Management Board of LC Corp S.A. (“the Issuer” or “the Company”) informs that on 04/07/2018 it received, pursuant to Article 69(1)(2) in conjunction with Article 87(1)(2) of the Act on Public Offering and Conditions for Introducing Financial Instruments into Organised Trading and on Public Companies (“the Act”), a notice from ALTUS Towarzystwo Funduszy Inwestycyjnych S.A. (“ALTUS TFI S.A.”) stating that the funds managed by ALTUS TFI S.A. reduced, below the ten per cent threshold, their share in the total number of votes in the Company.
The share in the total number of votes in the Company was reduced below the ten per cent threshold through a transaction settled on 29 June 2018, consisting in the disposal of 8,450,000 Company’s shares on the regulated market.
Before the said change in shareholding, investment funds managed by Altus TFI S.A. held in total 50,041,696 Company’s shares, which accounted for 11.18 per cent of its share capital, carrying the right to 50,041,696 votes, which made up 11.18 per cent of the total number of votes in the Company.
After the said change, investment funds managed by Altus TFI S.A. hold in total 41,591,696 Company’s shares, which accounts for 9.29 per cent of the Company's share capital, carrying the right to 41,591,696 votes, which makes up 9.29 per cent of the total number of votes in the Company.
According to the notice received, there are no entities related to the shareholders giving this notice, which hold any shares in the Company, and there are no persons referred to in Article 87(1)(3)(c) of the aforesaid Act with regard to the shareholders, and further, the entity giving the notice in question does not have any financial instruments referred to in Article 69b(1)(1) and (2) of the Act.