Legal basis: Article 17.1 MAR – inside information
The Management Board of LC Corp S.A. (“the Issuer” or “the Company”) informs that on 3 December 2018 the Company delivered to international entities investing in commercial properties, with whom the Company was negotiating sale of 4 (four) office buildings in Poland by the Company: Wola Center building (located in Warsaw at Przyokopowa street 33), Wola Retro building (located in Warsaw at Skierniewicka street 16/20 (under development)), Retro Office House (located in Wrocław at intersection of Piłsudskiego and Komandorska streets), and Silesia Star building (located in Katowice at Uniwersytecka street 18), initiated with execution of a letter of intent on 29 June 2018, about which the Company informed in current reports no. 67/2018 and 68/2018 dated 31 October 2018, a statement on terminating the negotiations and the expiry of exclusivity as of November 30, 2018 for negotiations regarding sale of the aforesaid real properties in connection with the inability to accept the terms and conditions proposed by the potential purchaser.
The Company will continue the process of sale of the aforesaid real properties, undertaking respective actions on the market in this respect.
According to the Issuer, information on stopping negotiations constitutes inside information within the meaning of Article 7 of the MAR due to the fact that the potential transaction would be material to the Issuer, taking into account its value.