CR 04/2024 Statement of the LPP SA Company on the Hindenburg Research report

Current report no: 4/2024
Date: 15 March 2024
Time: 10:54 am

In connection with the Hindenburg Research report published today, the Management Board of LPP SA presents its position below:

“The report prepared by Hindenburg Research is a part of an organised disinformation attack, which has been prepared for 5 months and is aimed at reducing the price of LPP shares.
The Company had earlier informed the Ministry of Foreign Affairs and the Head of the National Revenue Administration about this case.

The Company has determined that it is not the first company to become a target of the intelligence agency’s interest. A similar procedure was earlier targeted by Hindenburg against the multinational conglomerate, Adani Group.

At the same time, we are aware that the intelligence agency has been acting on behalf of third parties. It cannot be ruled out that this type of action could constitute an attempt to gain influence in the LPP company.

The Group retains full control over the situation. We will provide any additional news on an ongoing basis.”