Relationships with debuts

New listing of the company PLANTWEAR S.A. on NewConnect

2020-01-08 11:02:43

PLANTWEAR S.A. was newly listed on NewConnect on 8 January 2020.

Plantwear SA is the 376^th issuer listed on NewConnect and the first new listing on NewConnect in 2020.

Key information

company name	PLANTWEAR S.A.
seat	Biała, municipality of Radzyń Podlaski
companies listed on NC	376
new listings in 2020	1
business sector	Apparel and footwear
companies in the sector	3
core business	The issuer is a manufacturer of wooden products including mainly fashion accessories made of wood
offering of shares	Public offering of 162,192 series C shares Private placement of 65,151 series D shares
offering value *	PLN 1,500,463.80
issue price	Issue price of series C, D shares: PLN 6,60
reference price	PLN 6,60
company valuation*	PLN 8,562,463.80
value of introduced instruments*	PLN 1,500,463.80
% free float (under 5% in shares subject to the application)	100%
free float value shares subject to the application*	PLN 1,500,463.80
%free float (under 5% in all shares)	12.93%
free float value in all shares*	PLN 1,960,464
Authorised Advisor	INC S.A.
Market Maker	DOM MAKLERSKI BDM S.A.

*at the reference price: PLN 6.60

Issuer’s business

Plantwear is Poland’s leading manufacturer of wooden products including mainly fashion accessories made of wood. The Company designs, manufactures, and sells wooden products. The Company’s product portfolio includes five segments:

wooden watches – made of solid wood (including oak, wenge, maple, ebony, massaranduba, walnut, padauk, wavy sycamore), powered by quartz engines;
wooden spectacles – made of wood, including oak, maple, mahogany, palisander, wenge, offered in 11 series of different styles;
wooden phone cases for Apple, Samsung, Huawei, LG, Sony phones, made of high-quality wood, protected by natural wax and two layers of matte varnish;
wooden jewellery, including wooden bracelets, leather bracelets with wood, and necklaces;
other wooden accessories, including wooden planners, wooden flowers, wooden sheets;
wooden interior decoration components, including wall panels, magnetic systems, kitchen accessories, clocks.

The issuer’s selected financials (PLN):

	31.12.2018	Q3 2019
Revenue from core operations / net sales revenue	4,714,710.29	5,373,699.28
Net profit	509,946.71	202,424.88
Equity	245,686.12	1,589,888.68
Current liabilities	690,316.72	523,883.21
Non-current liabilities	1,338,951.02	556,213.29
Total assets	2,467,651.79	3,156,022.77
Total net cash flows	-	554.555.63

The Issuer’s share capital entered into the business register is PLN 129,734.30 divided into 1,297,343 shares with a par value of PLN 0.1 per share including:

1,000,000 series A preferred registered shares,
70,000 series B ordinary bearer shares,
162,192 series C ordinary bearer shares,
65,151 series D ordinary bearer shares.

Financial instruments introduced to trading on NewConnect:

162,192 series C ordinary bearer shares,
65,151 series D ordinary bearer shares.

Shareholders:

Shareholders each holding at least 5% of equity and votes.	Number of shares / number of votes	Stake in equity / Stake in votes
Wiktor Pyrzyk*	1,000,303/2,000,303	77.10%/87.07%
Other	297,040/297,040	22.90%/12.93%
Total	1,297,343/2,297,343	100%/100%