Shopper Park Plus Private Limited Company (registered office: 1015 Budapest, Batthyány utca 3. fszt. 1.; company number: 01-10-140433; hereinafter referred to as the “Company“) with reference to point 5.4.2. of Chapter V Securities Note on Ownership Securities of the Prospectus hereby informs the Investors that the offering of the Company’s newly issued shares was completed between 9 October and 20 October 2023, the result of which is as follows:
I. the number of New Ordinary Shares applied for in valid New Ordinary Share Application Forms made in the Retail Offering and the number of New Ordinary Shares to be allotted to Investors pursuant to valid New Ordinary Share Application Forms made in the Retail Offering
As a result of the Retail Offering a total of 1,669,029 shares will be allotted to Retail Investors for a total issue amount of EUR 18,025,513.2 at a price of EUR 10.8.
As a result of the Institutional Offering a total of 1,776,589 shares will be allotted to Institutional Investors at a total issue price of EUR 19,187,161.2 at a total issue price of EUR 10.8.
II. any reallocation or oversubscription/auction overdemand
The Issuer and the Distributors have decided to increase the maximum issue number of the Retail Offering (500,000 shares) by reallocating a total of 500,000 shares from the maximum issuance number of the Institutional Offering (1,500,000 shares).
The Issuer and the Distributors have resolved to increase the maximum issuance of the Retail Offering increased by the reallocation by a further 66.90% and to accept oversubscription up to the increased issuance limit, resulting in a final issuance of the Retail Offering of 1,669,029 shares.
The Issuer and the Distributors have decided to increase the maximum issuance number of the Institutional Offering reduced by the reallocation by a further 77.66% and to accept oversubscription up to the increased issuance limit, resulting in a final issuance of the Institutional Offering of 1,776,589 shares.
III. the Offering Price
The Issuer and the Distributors have determined the purchase price (the “Offering Price”) of the New Shares at EUR 10.8 per share. For this purpose, the Issuer and the Distributors have entered into Pricing Agreement dated 25.10.2023 pursuant to the Distributor Agreement and the Prospectus.
In accordance with the provisions of the Prospectus, following the successful offering, the Company will apply for the transformation of the legal form of the Company, and after the registration of this, the capital increase with the company court, afterwards it will arrange for the New Ordinary Shares to be admitted to trading by KELER, will apply for the amendment of the product list and the commencement of trading with the Shares in the premium category of the regulated market of the BSE.
Capitalised terms in this Announcement shall have the meaning of the English language equivalent of the terms in the Prospectus.
Budapest, 25 October 2023
Shopper Park Plus Private Limited Company
SHOPPER PARK PLUS (SPP) owns a portfolio of 18 retail properties in Central and Eastern Europe, directly or through its subsidiaries.
14 of the properties are located in Hungary and 4 in the Czech Republic, typically in or around major cities.
The total gross lettable area of more than 320,000 sq m is shared by close to 600 retail units, including global companies such as Deichmann, Fressnapf, H&M, Sportsdirect and Tesco.