Capital

On the 15th of November 2000 LPP SA successfully debuted on the Warsaw Stock Exchange, introducing shares to public trading. Public subscription of shares series G took place in February 2001. The new investors bought 300000 shares, paying 48 PLN for each share. The share issue have been mainly used to pay for RESERVED fashion stores development and expansion, as well as an upgrade to the computer system.

LPP SA shares also debuted on a parallel GPW market on the 16th of May 2001 (the price was 48.40 PLN). After one year the share price increased by 93.2%, with ROE (Return on Equity) at 93.2%.

In April 2003 there was a new public subscription of shares (H series). As a result, investors bought 190 000 shares, paying 265 PLN for one share. The money will be used for further stores development and expansion.

The share distribution on the 1 November 2004 was:

• 16,52% Marek Piechocki (281 428 shares, 31,62% votes)
• 16,40% Jerzy Lubianiec (279 237 shares, 31,56% votes)
• 20,55% Grangefont Ldt (350 000 shares, 11,28% votes)
• 12,62% Enterprise Investors (215 000 shares, 6,93% votes)
• 33,91% others