Notice About Reducing Number of Issuer’s Shares Held and About Falling Below 5% Threshold of Total Number of Votes Received in Manner Provided For in Article 69 of Act on Offering
Legal basis: Article 70(1) of Act on Offering – acquisition or disposal of qualifying holding
The Management Board of LC Corp S.A. (“Issuer” or “Company”) informs that it received a notice on 31/10/2017, in the manner provided for in Article 69 in conjunction with Article 87 of the Act of 29 July 2005 on Public Offering, on Conditions for Introducing Financial Instruments to the Organised Trading System and on Public Companies (the “Act”), from Quercus Towarzystwo Funduszy Inwestycyjnych S.A. (the “Society”), acting on behalf of the managed investment funds: QUERCUS Absolutnego Zwrotu FIZ, QUERCUS Absolute Return FIZ, QUERCUS Multistrategy FIZ and QUERCUS Parasolowy SFIO (the “Funds”). The said notice stated that the Funds jointly reduced the share in the total number of votes in the Company and that it fell below the 5% threshold of the total number of votes in the Company.
The fact that the Funds jointly reduced the share in the total number of votes so that it fell down below the 5% threshold was the result of a transaction carried out on the regulated market on 27 October 2017.
Pursuant to Article 69(4)(2) of the Act, prior to the said change, the Funds held 22,616,379 shares of the Company, which represented 5.05% of the Company's share capital. The shares held entitled to 22,616,379 votes at the General Meeting of the Company, which represented 5.05% of the total number of votes at the General Meeting.
Pursuant to Article 69(4)(3) of the Act, as at 30 October 2017, the Funds held 22,211,959 shares of the Company, which represented 4.96% of the Company's share capital. The shares held entitled to 22,211,959 votes at the General Meeting of the Company, which represented 4.96% of the total number of votes at the General Meeting.
Further, the Society notified that no shares of the Company were held by Funds' subsidiaries, as well as persons referred to in Article 87(1)(3)(c) were not present.
Pursuant to Article 69(4)(7) of the Act, the number of votes calculated in the manner set out in Article 69b(2) of the Act, which the Funds – as the holders of financial instruments referred to in Article 69b(1)(1) of the Act and financial instruments referred to in Article 69b(1)(2) of the Act, which are not settled only in cash – would have been entitled or obliged to acquire, is equal to 0.
Pursuant to Article 69(4)(8) of the Act, the number of votes calculated in the manner set out in Article 69b(3), which financial instruments – mentioned in Article 69b(1)(2) of the Act – relate to, directly or indirectly, is equal to 0.
