PLAY Communications S.A. (the “Company”), 100% owner of mobile operator P4 sp. z o.o. (branded as PLAY; “PLAY”), one of Europe’s fastest growing telecom companies, today announces the allocation of shares in its initial public offering (the “IPO” or the “Offering”).
Formal allocation of Offer Shares offered by the Selling Shareholder was conducted today, 19 July 2017
- Demand from Retail Investors and Authorized Employees amounted to ca. 18 million shares
- Retail Investors have been allocated in total 5,980,249 Offer Shares implying the Retail allocation was ca. 3 times subscribed
- The average allotment ratio for purchase orders placed in the First Subscription Period (July 4-7, 2017) for Retail Investors was ca. 36.8%, which gives ca. 63.2% average reduction rate
- The average allotment ratio for purchase orders placed in the Second Subscription Period (July 8-12, 2017) for Retail Investors was ca. 18.4%, which translates into ca. 81.6% average reduction rate
- Authorized Employees have been allocated 157,367 Offer Shares, with no reduction
- Remaining 115,435,005 Offer Shares, including Over-allotment Shares, have been allocated to Institutional Investors
- The registration of Offer Shares on the accounts of Retail Investors and Authorized Employees is scheduled for 21 July, and for Institutional Investors is expected to be on 26 July
- The first day of trading of the Company’s existing ordinary shares on the Warsaw Stock Exchange is expected to be on 27 July 2017
Commenting on today’s announcement, Jørgen Bang-Jensen, Chief Executive Officer of PLAY, said:
“Investors and our employees have shown significant demand for Play shares. We believe that they appreciate the success that Play has achieved so far and want to be part of our success story going forward. We are committed to providing outstanding service for our customers and to delivering attractive returns to our investors.”
