Modern Commerce obtains PLN 80 mln from the issue of shares

The NewConnect-listed e-commerce group associated with Modern Commerce luxury goods has completed the public issue of shares. The share price of the new issue was set at the maximum price, ie PLN 0.54 per share. Investors submitted a subscription declaration for all offered shares, thanks to which the company will obtain PLN 80 million. The issue was attended by, among others Wirtualna Polska Holding, which submitted a subscription for shares worth over PLN 10 million. This is the largest cash issue in the history of the NewConnect market. The acquired funds will be used to take over the owner of the Moliera2.com brand and implement current investment projects carried out by the Group.

"We are very happy to announce that we have completed the public issue of shares. We would like to thank the new and existing shareholders for the trust they have placed in us. We have gained a wide range of various investors, including investment funds. It is especially worth emphasizing the presence of Wirtualna Polska in our shareholding structure, which opens up new ones. development opportunities for our projects. We have clearly defined goals, which we intend to achieve soon. Our ambition is to build an e-commerce leader in the luxury goods market, which thanks to this issue will be possible,” Maciej Tygielski, member of the management board of Modern Commerce, commented.

Individual investors will be offered 106.7 million shares, including 18.52 million shares that will be acquired by Wirtualna Polska Holding. The remaining 41.4 million shares will be offered to institutional investors.

(ISBnews)