Shareholders of OEX S.A. unanimously opt for the issuance of D-series shares

During the Extraordinary General Meeting of the company, which took place on 14th May 2018, all registered shareholders, representing 90.2% of company’s capital, voted for conduction of private subscription covering not more than 1.101.445 of D-series ordinary bearer shares. 

The Management Board of OEX S.A. expects that funds acquired from the issuance will amount to ca. PLN 20 million.

Jerzy Motz, President of the Management Board of OEX S.A. said – We plan to allocate funds acquired from issuance primarily on investment in further development of E-business and Back office segments and customer service, and on an acquisition of technologies complementing our competences in that fields. Both segments are dynamically developing and we see a significant potential for further organic growth. Therefore, we want to increase their working capital, which shall enable them to increase the scale of operation. We will also be looking at possibilities of acquisition in those fields.

According to the Management Board of the company, possible takeovers in remaining segments are not excluded, provided they aim to increase the Group’s value.

For this purpose, we would like to secure funds and be ready to enter into negotiations, if we positively verify the potential opportunities  for takeovers – Jerzy Motz added.

Current shareholders of OEX S.A. – Neo Investment S.A. and Real Management S.A. has already submitted their statements on intention to take part in the issuance.
Legal disclaimer:

This material is purely informative and shall in no case constitute an offer or invitation, as well as a basis, to take a decision on investment in securities of OEX S.A. (“Company”). This material is not made available in order to directly or indirectly promote purchase or acquisition of Company’s securities or to encourage, directly or indirectly, their purchase or acquirement. This material is not intended for dissemination, directly or indirectly, on the territory or to the United States of America or in other countries where public dissemination of information herein is restricted or prohibited by law. Securities referred to herein have not and will not be registered pursuant to the U.S. Securities Act of 1933 as amended and shall not be offered or sold on the territory of United States of America or in favour of  U.S. persons in the meaning of U.S. Securities Act.