The Management Board of LC Corp S.A. (the “Issuer” or the “Company”) hereby reports that on 19 December 2018 the Company, as the Buyer, concluded in the form of a notarial deed a sale agreement on the basis of which it acquired from an unrelated entity the ownership right real property located in Wrocław at ul. Orawska, of an area of 1.1174 ha, for a total price of PLN 8,500,000.00 (in words: eight million five hundred thousand zlotys), increased by VAT.
The Company intends to implement on the property concerned an investment project with approximately 203 residential premises. The commencement of sale under this investment project is planned for approx. 2020.
The basis for the communication of this report is the significance of the event due to the Company’s activity.
In the opinion of the Management Board of the Issuer, this current report constitutes confidential information within the meaning of Article 7 of the Market Abuse Regulation.
Legal basis: Article 17(1) in connection with Article 7(1)(a), (2), (3) and (4) of the Regulation of the European Parliament and of the Council (EU) No. 596/2014 of 16 April 2014 on Market Abuse (Market Abuse Regulation) repealing Directive 2003/6/WE of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC (“MAR”) in connection with Articles 2 and 3 of Commission Implementing Regulation (EU) 2016/1055 of 29 June 2016 laying down implementing technical standards with regard to the technical means for appropriate public disclosure of inside information and for delaying the public disclosure of inside information in accordance with Regulation of the European Parliament and of the Council (EU) No. 596/2014.