CR 16/2024 Subscription Closure

Current report no: 16/2024
Date: 19.06.2024
Hour: 9:32 am

The Management Board of LPP SA (further referred to as the ”Issuer”) informs of the closure of the private subscription of 700 ordinary bearer shares of the M series of the nominal value of PLN 2 per share. The subscription has been carried out following the procedure set forth in Article 432 § 2 subparagraph 1 of the Commercial Companies Code (private subscription), i.e. by way of conclusion of a share subscription agreement, incorporating the offer made by the Issuer to eligible persons under § 1 subparagraph 6 of resolution no 23 of the Ordinary General Meeting of Shareholders of LPP SA of 29 June 2021, § 2 subparagraph 1 of resolution no 22 of the Ordinary General Meeting of Shareholders of LPP SA of 29 June 2021 and § 1 of the resolution adopted by the Supervisory Board of LPP SA on 10 June 2024. In current report no 12/2024 of 11 June 2024, the Issuer informed on the increase of the share capital following the issuance of shares as part of the authorised capital under a relevant resolution of the Management  Board.

Detailed information on the subscription carried out are given below:
1) date of opening and closing the subscription – the share subscription offer was made to eligible persons on 17 June 2024; offers were accepted and share subscription agreements signed on 17 June 2024 and 18 June 2024;
2) securities allocation date – shares were subscribed to upon conclusion of the on 17 June 2024 and 18 June 2024;
3) number of securities to be subscribed to – 700 ordinary bearer shares of the M series;
4) reduction rate per tranche – there was no reduction (all shares offered were subscribed to);
5) number of securities subscribed to under the subscription – 700 ordinary bearer shares of the M series;
6) number of securities allocated under the subscription – 700 ordinary bearer shares of the M series;
7) price at which securities were subscribed to – PLN 2;
8) number of persons subscribing to securities under the subscription (i.e. those who accepted share subscription offers) – 4 persons;
9) number of persons to whom securities were allocated under the subscription (i.e. those with whom share subscription agreements were concluded) – 4 persons;
10) no sub-issuers;
11) value of the subscription carried out, understood as a product of the number of securities offered and their issue price – PLN 1,400;
12) value of total costs credited as issue costs – the issue involved no costs;
13) average cost of carrying out the subscription, attributed to a single security under the subscription – PLN 0;
14) manner of payment for securities subscribed to – shares have been paid for (in cash) by bank transfers to the Issuer’s bank account.