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Notification about exceeding 10% in the total number of votes received pursuant to Art. 69 of the Act on Public Offering


The Management Board of LC Corp S.A. (the “Issuer”) inform that on 24 January 2018 they received a notification, pursuant to Art. 69 para. 2 subpara. 1 (a) and para. 4 of the Act of 29 July 2005 on Public Offering, Conditions Governing the Introduction of Financial Instruments to Organised Trading, and Public Companies (the “Act”), from Aviva Powszechne Towarzystwo Emerytalne Aviva BZ WBK S.A. (“Aviva OFE”) that as a result of purchase transactions of the Issuer’s shares made on 18 January 2018 Aviva OFE increased its share in the total number of votes at the General Shareholders Meeting of the Issuer above 10%.

 

Before the settlement of the transaction, i.e. as at 19 January 2018, Aviva OFE held 43,700,000 (forty three million seven hundred thousand) shares of the Issuer, which constituted 9.76% of the Issuer’s share capital and was entitled to 43,700,000 (forty three million seven hundred thousand) votes at the General Meeting of Shareholders of the Issuer, which constituted 9.76% of the total number of votes.

 

After the settlement of the transaction, i.e. as at 22 January 2018, Aviva OFE held 45,750,000 (forty five million seven hundred and fifty thousand) shares of the Issuer, which constituted 10.22% of the Issuer’s share capital and was entitled to 45,750,000 (forty five million seven hundred and fifty thousand) votes at the General Meeting of Shareholders of the Issuer, which constituted 10.22% of the total number of votes.

 

In addition, Aviva OFE has informed that:

  • The investment is portfolio in nature.
  • Aviva OFE allows for the possibility to further increase its involvement in the Issuer in the next 12 months from the day of submitting the above-mentioned notification in order to achieve the maximum level of safety and profitability of the investments of the open pension fund.
  • In line with the provisions of the act on the organisation and operation of pension funds and the regulations adopted pursuant to this act, Aviva OFE’s involvement cannot exceed 20% in the share capital of the Issuer.
  • The Fund does not exclude the possibility of selling the shares in the case of an appropriate increase or risk of the investment.