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New listing of ECO5TECH S.A. on NewConnect

The company ECO5TECH S.A. was newly listed on NewConnect on 14 January 2022.

ECO5TECH S.A. is the 382^nd company listed on NewConnect and the second new listing on NewConnect in 2022. 

Key information

*at the reference price equal to PLN 0.43 per share.

Issuer’s history and business

The Issuer commenced its operational activities on 21 April 2010 with the incorporation of a company under the name Eco – Investment Poland Spółka z ograniczoną odpowiedzialnością with its registered office in Warsaw. On 25 October 2019, pursuant to Resolution No. 1 of the Extraordinary Meeting of Shareholders of the Company, the Company was transformed into a joint stock company. On 22 December 2020, the change of the Issuer's name from Eco – Investment Poland Spółka Akcyjna to Eco5tech Spółka Akcyjna was registered in the National Court Register.

Eco5tech S.A. (formerly Eco-Investment Poland S.A.) offers the design and implementation of innovative solutions in the PropTech (“Property Technology”) sector of the construction industry. It takes an unconventional approach to design in the construction sector by implementing innovative solutions in the traditional design model. The PropTech sector is a significant part of digital transformation in the real estate industry. The Company follows technological and mindset changes in the industry and consumer behaviour and uses the PropTech approach in the development of project documentation by applying innovative solutions with a view primarily to ecology and environmental protection as well as pandemic threats. The Company is expanding into the executive branch of the PropTech sector where it offers its proprietary technological solutions.

The Company also provides consulting services related to the preparation and implementation of investments as well as construction work supervision functions. It has completed numerous projects, gaining experience and diverse contacts in its fields of activity.

 The company is active in the following areas:

• new technologies – PropTech;
• development of project documentation;
• investment supervision and construction work.

As part of these services, the Company provides the following: supervision of design work, preparation of necessary documents for tender procedures, carrying out tender procedures for the selection of contractors, preparation of draft agreements for contractors and participation in negotiations, investment supervision, quality control of performed work, performance of all activities related to the commissioning of the investment, acting on behalf of the investor before administrative authorities, settlement of investment costs, handling of the guarantee period.

In the area of construction work, the Company offers: implementation of construction projects related to the construction of both residential and non-residential buildings and civil engineering structures, facade modernisation, modernisation of heat distribution centres, implementation of electrical, water and sewage, heat, gas and air conditioning systems, preparation of land for construction, demolition and wrecking of buildings, excavation and geological and engineering drilling, implementation of construction and finishing work, building supervision.

Issuer’s strategy

The Company’s development strategy relies on the introduction of new technologies in those areas of the design and construction industry that are not yet fully developed in this respect. Thanks to the Management Board’s experience in the energy sector, the Company intends to expand its operations with innovative solutions for improved management of resources such as electricity and natural resources such as water. Emerging market trends will allow to explore this niche not only in Poland but also in other developed Western European countries. The Company has raised capital in order to implement and develop a prototype of a multifunctional measuring device featuring PropTech functionalities for serial production, commissioned by an external company, as well as for additional research and improvements in testing. A natural consequence of this project is expansion into foreign markets, in particular Western Europe, and increased demand for human capital, which implies that expenditure for marketing and promotion will increase in countries where market saturation is significantly higher.

Issuer’s selected financials (PLN):

Public offering of series B shares

• Subscription start date: 12 October 2020
• Subscription end date: 20 January 2021
• Allotment date: 21 January 2021
• Number of financial instruments in the subscription: 3,000,000
• Reduction rate: none
• Number of allotted financial instruments: 3,000,000
• Price at which the financial instruments were taken up: PLN 0.38
• Payment for the instruments: in cash
• Number of persons allotted the instruments in the subscription: 13
• Indication whether the persons allotted the financial instruments in the subscription are related parties of the issuer within the meaning of Article 4(6) of the Alternative Trading System Rules: Not applicable
• Offering value: PLN 1,140,000

Public offering of series C shares

• Subscription start date: 12 February 2021
• Subscription end date: 9 March 2021
• Allotment date: 10 March 2021
• Number of financial instruments in the subscription: 1,400,000
• Reduction rate: none
• Number of allotted financial instruments: 1,400,000
• Price at which the financial instruments were taken up: PLN 0.55
• Payment for the instruments: in cash
• Number of persons allotted the instruments in the subscription: 20
• Indication whether the persons allotted the financial instruments in the subscription are related parties of the issuer within the meaning of Article 4(6) of the Alternative Trading System Rules: Not applicable
• Offering value: PLN 770,000

Issuer’s shareholders: