As a result of the completion of the demand book building process for the Series J Shares of the satellite manufacturer, systems, and components, the issue price for each Series J Share has been set at 150.00 PLN. Creotech Instruments plans to offer selected investors 396,557 ordinary bearer Series J Shares. If all offered Series J Shares are acquired at the established issue price, the gross volume of the offer will amount to approximately 60 million PLN.
Dr. Grzegorz Brona, CEO of Creotech Instruments S.A., commented, “Following the schedule, we have completed the process of building the demand book and the Company’s Board decided to direct the offer to investors to acquisition a total of 396,557 Series J Shares at the issue price of 150 PLN each share. Acquiring funds of such size will significantly accelerate our development and, combined with the Company’s investments in strategic areas in the coming years, will contribute to Creotech Instruments achieving a leading position as a microsatellite technology provider within the European Union.”
In July this year, Creotech Instruments presented its financial strategy for space projects. To become the leading microsatellite technology provider in the EU in defense and commercial projects, the company plans to carry out several investments in the coming years, including expanding its product portfolio, increasing production capabilities and strengthening its sales department.
The planned investments will be financed with funds acquired from the issuance of Series J Shares (net of issue costs) in the proportion of approximately 60%-70% funds for portfolio expansion, about 15%-25% funds for increasing production capabilities, and around 15%-20% funds for enhancing the sales department.
Four chosen shareholders of Creotech Instruments, owning a total of about 50.2% of the company’s shares, have limited their disposal of their shares without the consent of the Offer Managers, as specified in the lock-up agreements.
In the process of the Series J Shares, the company is supported by cc group – a permanent IR advisor and financial advisor. The Offer Managers are Pekao Investment Banking S.A., Trigon Dom Maklerski S.A., and Bank Polska Kasa Opieki S.A. – Securities Bureau Pekao.
This publication is for information purposes and does not serve in any way, directly or indirectly, to promote the offer, issuance, or subscription of Series J Shares. It does not constitute a prospectus or any other memorandum or information or offering document. The Series J Shares have not and will not be subject to registration, approval, or notification under the US Securities Act of 1933, as amended, and cannot be offered or sold outside the Republic of Poland.
Please note that this publication is not intended for distribution in, or to citizens of, the United States (including its territories and possessions and the District of Columbia), Australia, Canada, Japan, or the Republic of South Africa.
