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New listing of KOLEJKOWO S.A. on NewConnect

Kolejkowo, a company known for its modern miniature parks in Wrocław and Gliwice, has joined NewConnect as the 360^th company listed on this market. The new listing on the Warsaw Stock Exchange crowns more than 18 months of preparations. The capital raised will enable ambitious plans, including the opening of a new exhibition in Warsaw and the construction of an outdoor railway park.

It was a successful new listing: Kolejkowo shares went up by 18% at the opening and were gaining up to 30% at the peak. It was only the second new listing on NewConnect in 2025. Kolejkowo floated 190,000 series B and C shares, representing 15.83% of the share capital. The proceeds from earlier private placements were used to develop the business, including the opening of a new miniature park location in Warsaw scheduled in April 2025.

“The new listing of Kolejkowo proves that there is room on NewConnect for companies with an original business model which combine passion, creativity and craftsmanship with a professional approach to development. Today we welcome to the Warsaw Stock Exchange a company that knows its customers, knows how to build loyalty, and now gains a tool for further development and the trust of investors. We hope that their success will be 1:1,” said Sławomir Panasiuk, Vice President of the GPW Management Board during the listing ceremony.

The company was diligently preparing for its entry into the public market, both formally and operationally.

“We made a promise to investors. Today we have delivered on it. Over the past 18 months, in cooperation with our authorised advisor Blue Oak Advisory, we were preparing for presence on the public market, we met all the requirements, and we are ready for transparent communication with investors. We are satisfied with the new listing and convinced that entering NewConnect will accelerate our development and strengthen the position of the brand,” said Jakub Paczyński, CEO of Kolejkowo S.A.

Kolejkowo operates permanent exhibitions in Wrocław and Gliwice and its own model workshop in Jelenia Góra. The company had more than 340,000 visitors in 2024. Kolejkowo plans to open an exhibition in Warsaw and an outdoor railway park with catering infrastructure. The company regularly shares profits with shareholders and promises to maintain its dividend policy in the coming years.

Key information

* based on the reference price of series B-C shares proposed by the Authorised Adviser and the Market Maker equal to PLN 32.00

Issuer’s history and business

Kolejkowo Spółka Akcyjna was established as a result of the transformation of the entity Fores sp. z o.o. based in Karpacz. The founders of the company included Mr Jakub Paczyński and Ms Katarzyna Paczyńska.

The first exhibition of models based on miniatures replicating genuine elements of urban geography opened on the promenade in Karpacz in May 2014. The exhibition aimed to attract local residents and tourists and to test the concept.

The company is in the business of organising and presenting exhibitions of models based on miniatures replicating genuine elements of urban geography. Under the “Kolejkowo” brand, the Company operates a network of advanced miniature parks, presented in a modern form, which are a true representation of a bustling city. In addition to permanent exhibitions, the Company’s activities include temporary exhibitions, conceptually coherent projects relating to current themes.

The Company’s history dates back to 2014, when a tent was erected by the main promenade in Karpacz during the summer holidays and showcased several years of modelling work. Currently, the Company’s project consists of 2 miniature parks in Wrocław and Gliwice, which were visited by a total of approximately 340,000 persons in 2023. In addition, a lease agreement was concluded for premises in Warsaw on 14 March 2024, where the Company’s new exhibition will open in April 2025. The Company plans to open another location in Gdańsk.

Selected financials of the Issuer (PLN):

102,170 series C shares – public offering

The public offering of the Series C Shares opened on 6 May 2024 and closed on 20 May 2024.

Series C shares were taken up by 56 individuals and 2 legal entities.

The issue price of the shares was PLN 31.00 and PLN 32.00.

Offering value: PLN 3,172,359

Issuer’s shareholders:

Source: Issuer

Financial instruments newly listed on NewConnect:

• 87,830 series B ordinary bearer shares
• 102,170 series C ordinary bearer shares