Completion of Public Offering of Series B, H and I Shares (2016)
PlayWay S.A. successfully concluded its public offering of Series B, H, and I shares in October 2016, marking a significant milestone in the company’s capital market activities. The offering involved a total of 1,200,000 shares, split equally between the sale of existing Series B and H shares and the subscription of new Series I shares. All shares were priced at 52.00 PLN each, resulting in a total offering value of 62,400,000 PLN.
The offering attracted substantial interest, particularly from individual investors. While 1,869 investors participated in total, the individual investor tranche saw significant oversubscription, resulting in a reduction rate of 77.23%. In total, investors submitted orders for 1,810,606 shares, far exceeding the 1,200,000 shares available. Institutional investors were allocated the majority of the offering, receiving 1,020,000 shares, while individual investors were allocated 180,000 shares.
The subscription and sale periods took place between late September and mid-October 2016, with the final allotment of shares occurring on October 12, 2016. The offering was conducted without underwriting agreements. At the time of the announcement, final issuance costs had not yet been settled, with the company committing to disclose these figures in a subsequent report once all expenses from engaged entities were finalized and accepted. This public offering was conducted under the regulatory framework of the Polish Act on Public Offerings and the Ministry of Finance's reporting requirements for issuers.
