Report11 bit studios
Report on the Completion of Series E Share Subscription
2 pages~2 min full read
11 bit studios S.A. raised PLN 2,749,500 through a private subscription of 305,500 Series E ordinary shares.
See it on page 1The shares were issued at a price of PLN 9.00 per share to six private investors between 25 and 26 July 2012.
See it on page 1The capital increase fell short of the 400,000 shares originally offered, with 305,500 shares ultimately subscribed.
See it on page 1Issuance costs totaled PLN 42,386, covering advisory, legal, and administrative fees, which will be capitalized under Polish accounting regulations.
See it on page 2The subscription process was initiated by a board resolution on 22 June 2012 and concluded with a formal capital declaration on 31 July 2012.
See it on page 1The issuance was conducted as a private placement without existing shareholders' subscription rights and involved no sub-subscription agreements.
See it on page 1The report details the completion of a private subscription for Series E ordinary shares issued by 11 bit studios S.A. following the board’s resolution on 22 June 2012 to increase share capital without existing shareholders’ subscription rights. The subscription commenced on the resolution date and concluded on 27 July 2012, with the board filing a capital declaration on 31 July 2012. Six private investors entered into purchase agreements between 25 and 26 July 2012, acquiring a total of 305,500 shares at an issue price of PLN 9.00 per share, generating proceeds of PLN 2,749,500.
The subscription involved no reduction in nominal value and did not include any sub‑subscription agreements. The total number of shares offered was 400,000, but only 305,500 were ultimately subscribed. Costs associated with the issuance amounted to PLN 42,386, broken down into preparation and execution of the offer (PLN 20,000), informational document drafting and advisory fees (PLN 20,500), notarial and treasury charges (PLN 1,886), with no sub‑subscription or promotion expenses. These costs were recorded as interim expenses and will be capitalised in accordance with Polish accounting regulations.
The report confirms that the Series E shares were issued privately, without a public allocation date, and outlines the legal basis for reporting under the Alternative Trading System regulations. The capital increase was fully executed within the stipulated period, and all financial and procedural details comply with applicable corporate law provisions.
