Legal basis: Art. 70.1 of the Act on Public Offering - acquisition or disposal of a significant block of shares
The Management Board of LC Corp S.A. (the “Issuer”) informs that on 18 July 2017 it received a notification, pursuant to Art. 69.1.1 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 Nordea Powszechne Towarzystwo Emerytalne S.A. with its registered office in Warsaw, acting on behalf of Nordea Otwarty Fundusz Emerytalny (the “Fund”), about the Fund’s increase of its stake of shares of the Issuer above the 5% threshold of the total number of votes at the General Meeting of Shareholders in LC Corp S.A.
The increase of the share in the total number of votes in LC Corp S.A. was due to the Fund’s acquisition of the Issuer’s shares, settled on 14 July 2017.
The Fund’s stake before the transaction was 20,909,761 shares, which represented 4.67% votes at the General Meeting of Shareholders and stake in the share capital of the Issuer.
The Fund’s stake after the above-mentioned transaction is 22,409,761 shares, which constitutes 5.007% votes at the General Meeting of Shareholders and stake in the share capital of the Issuer.
In addition, the Fund reports that there are no subsidiaries of the shareholder making the notification that own shares of the Issuer and there are no persons referred to in Art. 87.1.3.C of the Act on Public Offering.
Also, the notification contains information that the situation referred to in Art. 69.4.6 of the Act on Public Offering does not occur. The Fund reports that it has no financial instruments referred to in Art. 69b.1.1 and 2 of the Act on Public Offering.