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New listing of GREEN ZEBRAS S.A. on NewConnect

The company GREEN ZEBRAS S.A. was newly listed on NewConnect on 17 September 2024.

GREEN ZEBRAS S.A. is the 359^th company listed on NewConnect and the eighth new listing on NewConnect in 2024.

Key information

* based on the reference price of series A-D shares proposed by the Authorised Advisor and the Market Maker, equal to PLN 20.00

Issuer’s history and business

Green Zebras S.A. was established as a result of the transformation of the limited liability company Green Zebras spółka z ograniczoną odpowiedzialnością, based in Wrocław, into the joint-stock company Green Zebras Spółka Akcyjna on 22 November 2022. Green Zebras S.A. was entered into the National Court Register on 22 December 2022.

The Issuer operates in the plant processing industry, seeking active substances of natural origin (including from plants and fungi) and offering them to customers mainly in the form of extracts. The Issuer has its own laboratory and production line, allowing it to fulfil customer orders for the production of tailor-made products based on natural substrates. The Company also provides production services and manufactures products to order. It is also currently developing white label sales (contract manufacturing of products designed by the Company).

The Company processes herbs, mushrooms, fruits, vegetables and produces plant extracts and other preparations from them for use in the cosmetic, food and other industries. It offers more than 40 plant extracts. The Company focuses on offering extracts of the highest quality, standardising them according to customer requirements and demand. The Company’s activities cover all stages of product launch, including the development of formulations of finished products and the supervision of the entire production process: from the acquisition of raw material of appropriate quality to the manufacture of the finished product. Thanks to its own facilities and partnership agreements, the Company can offer its customers the possibility of manufacturing finished products in liquid, solid (e.g. hard and soft capsules, jellies) and loose (freeze-dried) forms. The Company also offers food processing services including fruit, vegetables, sprouts, and others. The Company does not have legal protection for the extracts it produces in the absence of such practice in the Issuer’s industry, but it is not ruled out that it will take advantage of such opportunities in the future.

In August 2022, the Company obtained approvals from the Chief Pharmaceutical Inspector to conduct activities related to the processing of fibre hemp. Since 2021, the Issuer has been a member of the Nutribiomed Key National Cluster and it also has the possibility to use the facilities belonging to the Experimental Plant managed by the Cluster. In 2023, in order to meet market expectations, Green Zebras made further investments related to the extension of the production line with additional equipment, allowing for additional stages of plant material processing.

Selected financials of the Issuer (PLN):

79,649 series D shares – public offering

The public offering of series D shares opened on 10 November 2023 and closed on 21 December 2023.

Series D shares were taken up by 42 entities.

The issue price of the shares was PLN 20.00.

The offering value was PLN 1,592,980.

Issuer’s shareholders:

Financial instruments newly listed on NewConnect:

-1,164,000 series A ordinary bearer shares with a nominal value of PLN 0.10 each,

-45,300 series B ordinary bearer shares with a nominal value of PLN 0.10 each,

-38,649 series C ordinary bearer shares with a nominal value of PLN 0.10 each,

-79,649 series D ordinary bearer shares with a nominal value of PLN 0.10 each