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New listing of OLYMP S.A. on NewConnect

The company OLYMP S.A. was newly listed on NewConnect on 24 January 2023.

OLYMP S.A. is the 362^nd company listed on NewConnect and the first new listing on NewConnect in 2023.

Key information

* based on the issue price of the series D and E shares equal to PLN 1.00; the reference price proposed by AD and MM for the first day of trading of the shares is equal to the issue prices of the shares

Issuer’s history and business

OLYMP S.A. is a manufacturer and supplier of comprehensive solutions for the fitness industry. The company was established in December 2014 under the name Mega Form Spółka z o.o.

In 2015, the Issuer signed a strategic Cooperation Agreement with the founder and pioneer of strength equipment production in Poland, Mr Jan Pańków (founder of OLYMP&OLIMP). On 1 June 2022, the Issuer acquired the company ZPUH Jan Pańków from Mr Jan Pańków. Under the agreement, the Issuer acquired the real estate on which the production plant is located, together with the ownership rights to the remaining tangible fixed assets and other movables used in the enterprise’s operations, including machinery, tools for detailing, production, inventories and materials for PLN 1,300,000.

Since 1 August 2022, the production process has been carried out directly by the Issuer.

Since March 2019, the Issuer has been operating under the name OLYMP S.A. The Issuer has two product lines under the name OLYMP CLASSIC (basic fitness equipment brand) and OLYMP NEW GENERATION (premium fitness equipment brand).

The equipment offered by the Issuer includes two product lines:

• the Olymp Classic line – a line of durable and reliable fitness equipment developed by the Issuer for active, gym-based exercisers. The Olymp Classic line machines include benches and racks, semi-free machines, machines with a stack, and towers and atlases,
• the Olymp New Generation line – the Issuer’s line of products that are an interesting alternative to competitive premium fitness equipment available in the market. The Issuer offers products that are distinguished by modern design, functionality and good quality at an affordable price. The Company’s portfolio includes benches and racks, semi-free machines, machines with a stack, and towers and atlases.

The Company also cooperates with other suppliers of equipment and training systems in order to adapt its offer to the requirements of the market. OLYMP S.A. is also a distributor of cardio equipment (treadmills, orbitreels, stationary bikes) from Core Health & Fitness (owner of brands including StairMaster®, Schwinn®, Nautilus®, StarTrac®, ThrowDown®). The equipment developed by Core Health & Fitness is among the most modern and innovative in the world. It is developed based on research into the biomechanics of the human body to make sure that exercise can be as effective as possible.

Issuer’s selected financials (PLN):

550,000 series D shares – public offering

The public offering of the Series D Shares started on 2 July 2020 and ended on 6 July 2020.

The Series B Shares were subscribed for by 30 entities.

The issue price of the shares was PLN 1.00.

Offering value: PLN 550,000.00  

400,000 series E shares – public offering

The public offering of the Series E Shares took place on 21 October 2021.

The Series E Shares were taken up by 1 natural person, Ms Marta Buszewska-Hauser, who is the wife of Supervisory Board Member Mr Dominik Hauser.

The issue price of the shares was PLN 1.00.

Offering value: PLN 440,000.00  

Shareholders

Financial instruments newly listed on NewConnect: 5,310,000 shares including: 4,360,000 series B ordinary bearer shares, 550,000 series D ordinary bearer shares, and 400,000 series E ordinary bearer shares.