The Management Board of LC Corp S.A. (the “Issuer” or the “Company”) hereby reports that on 4 December 2017 the Company, as the Buyer, concluded in the form of a notarial deed a sale agreement on the basis of which it acquired the right of perpetual usufruct and the ownership right of plot of land of a total area of 1.2445 ha located in Wrocław at ul. Kamienna – for the total net amount of PLN 22,000,000.
The property concerned is intended for multi-family residential and service-related development. The Company intends to implement on the property concerned an investment project with approximately 420 residential premises.
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 para 1 in connection with Article 7 para 1 a), para. 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 Article 2 and 3 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.