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New listing of EMPLOCITY S.A. on NewConnect

The company EMPLOCITY S.A. was newly listed on NewConnect on 20 October 2022.

EMPLOCITY S.A. is the 379^th company listed on NewConnect and the 13^th new listing on NewConnect in 2022.

Key information

* value calculated on the basis of the weighted average of the sale of series A shares and the issue prices of series B and C shares, i.e., PLN 26.77 per share; this price is equal to the reference price proposed by the AD and the MM for the first trading session

Issuer’s history and business

The Issuer was incorporated by articles of association in the S24 System on 12 July 2013 as a limited liability company under the name Emplocity spółka z ograniczoną odpowiedzialnością. 

Emplocity S.A. focuses on the application of artificial intelligence and automation in business. The Company’s solutions use advanced methods of machine learning and natural language processing. They are offered in the form of bots that support clients’ day-to-day operations.

The languages supported by the Issuer’s products are Polish and English. In the future, it is planning to extend the offer with German and Ukrainian. From the technical point of view, Emplocity’s products take the form of bots which convert sentences entered in natural language into queries addressed directly to databases in order to provide an immediate response (also in the form of uploading a data file). Queries are entered from the level of user interface integrated with popular messaging systems such as Slack, Messenger or MS Teams, as well as through a web application provided by Emplocity. In terms of databases, the bots offered by the Issuer support integration into the client’s resources. The Issuer wins contracts in tenders and using classic contracting with clients. By providing tailored solutions to contract clients, the company creates solutions which it can then use in its own products. Not all contracts or tender orders are converted into the Issuer’s own products; however, all solutions offered by Emplocity are built on the Emplocity platform which is used, among others, to create products offered by the company. Solutions available on the Emplocity platform can be used by other entities after they have been properly configured and their application adapted to the needs of users.

The issuer has three off-the-shelf robots on offer: Intrabot, Emplobot, and Custombot. As part of the expansion of solutions, two more robots are in the pipeline: TherapistBot, a therapy bot to support the work of specialists in therapies for patients, and Lexbot, a legal services support bot to assist law firms in providing advice to clients.

Issuer’s selected financials (PLN):

49,037 series B shares – public offering

The public offering of Series B Shares started on 9 August 2021 and ended on 24 September 2021.

The Series B Shares were taken up by 41 entities in a private subscription.

No instruments were allotted to the Issuer’s related parties.

The issue price of the series B shares was PLN 30.25.

Offering value: PLN 1,483,369.  

6,754 series C shares – public offering

The subscription for Series C Shares started on 12 May 2022 and ended on 12 May 2022 2021.

The Series C shares were taken up by 1 natural person and 1 legal person (ENPROM HVC Spółka z ograniczoną odpowiedzialnością with its registered office in Warsaw, a shareholder of the Company holding 214,920 series A shares and 4,316 series C shares constituting a total shareholding of 19.68% in the share capital taking into account the series C shares).

No instruments were allotted to the Issuer’s related parties.

The issue price of the series C shares was PLN 30.25.

Offering value: PLN 204,308.5.

Issuer’s shareholders:

All series A, B, C shares issued by the Company will be listed in the alternative trading system on the NewConnect market.