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MESSAGE _ENGLISH VERSION_
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The Management Board of MBF Group S.A. with its registered office in
Warsaw _the 'Issuer', 'Company'_ hereby announces that in connection
with ongoing development activities in the field of unmanned
technologies and the implementation of the IRYDA Plus unmanned
interception system project, the Issuer has commenced the process of
obtaining financing within the remaining part of the target capital
provided for in the Company's Articles of Association.
As at the date of publication of this report, the Company is in talks
with individual investors and has received preliminary written
declarations to subscribe for new shares in the event that the
Management Board decides to increase the share capital within the target
capital. The discussions conducted by the Company to date and the
declarations received from investors indicate a noticeable interest in
participating in the financing of the IRYDA Plus project, which, in the
opinion of the Management Board, has the potential for development both
on the domestic market and in international projects implemented by the
Issuer.
Pursuant to §7d of the Company's Articles of Association, the Management
Board is authorised to increase the share capital within the authorised
capital by issuing new ordinary bearer shares. The issue price of shares
issued within the authorised capital is determined by the Management
Board in a resolution on the increase of the share capital and requires
the prior consent of the Supervisory Board.
The Management Board is considering conducting the first round of
financing under the above authorisation in the form of a share issue
addressed to selected individual investors interested in the long-term
development of the Company. The planned value of this round of financing
is not less than PLN 2,000,000 _two million zlotys_. It is initially
assumed that the issue price of the new shares will be determined in
relation to the average market price of the Company's shares in the last
months preceding the issue, with a discount applied in accordance with
market practice and with the consent of the Supervisory Board.
The funds raised are to be used in particular for the further
development of the IRYDA Plus project - an unmanned interception system
designed to neutralise threats from unmanned aerial vehicles. This
project is one of the key directions of the Issuer's technological
development in the area of unmanned systems and C-UAS solutions.
The planned issue is the first stage of financing the IRYDA Plus
project. At the same time, the Company is in talks with institutional
and industry investors regarding the next stages of financing the
Company's technological projects, which, if finalised, may constitute a
further stage in building the Issuer's value and preparing the Company
for the next stage of development on the capital market. As part of the
above-mentioned financing round, the Issuer's goal will be to raise an
amount of not less than PLN 20,000,000 _twenty million zlotys_. The
parties conducting the talks and negotiations agree that the budget
should ensure the construction of a fully functional and armed version
of the IRYDA Plus system.
At the same time, the Issuer's Management Board indicates that, as part
of the talks with potential institutional investors, a third, target
stage of financing for the IRYDA Plus project is also being considered,
which would include the construction of a full-scale demonstrator of the
system in an operational configuration. The assumed scope of such a
project would include, in particular, a package of three fully
functional and armed C-UAS IRYDA Plus systems, ground control stations
for pilots, a training package for operators, and warranty and service
support. In the opinion of the Management Board, the implementation of
such a stage could be a significant step towards the commercialisation
of the technology and the preparation of the Company for the next phase
of capital development, including a potential transition from the
NewConnect market operated by the Warsaw Stock Exchange to the regulated
market, with the participation of an institutional or industry investor.
This stage of the project involves the development of a complete system
solution covering both unmanned platforms and operational and training
infrastructure, which, in the opinion of the Management Board, may form
the basis for further commercialisation of the IRYDA Plus technology in
domestic and international projects.
As at the date of publication of this report, no binding investment
agreements have yet been concluded, and the final decision on the share
issue and its terms and conditions will be made by the Management Board
and the Supervisory Board after analysing market conditions and
obtaining the required corporate approvals.
The Issuer's Management Board has deemed the above information to be
confidential within the meaning of Article 7 and subject to publication
in accordance with Article 17_1_ of the Market Abuse Regulation.
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RB_ASO: Zainicjowanie i rozpoczęcie pierwszej rundy finansowania projektu IRYDA Plus
