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New listing of MAZOP GROUP S.A. on NewConnect

MAZOP Group, a manufacturer of cardboard packaging and PE foam protection solutions, was newly listed on NewConnect on 14 May 2025. The company is the 360^th issuer on NewConnect and the third new listing in 2025.

MAZOP Group placed 21,400 series C shares at an issue price of PLN 25, raising a total of PLN 535,000 in the public offering. The total value of the financial instruments introduced to trading amounted to over PLN 8.3 million, with a market capitalisation of nearly PLN 27 million. The company’s authorised advisor was INC S.A.

“We are delighted to welcome MAZOP Group to the Warsaw Stock Exchange. It is an example of a company that is not only growing dynamically but also changing the standards in its industry. Its history, from a small plant in Babice to a state-of-the-art production facility in Brwinów, shows that consistency and innovation make it possible to build a brand with nationwide and European reach. This proves that modernity and local identity can go hand in hand,” said Sławomir Panasiuk, Vice-President of the GPW Management Board, during the listing ceremony.

MAZOP Group specialises in the design and production of cardboard packaging and PE foam protection. It is one of the few companies on the Polish market to offer a comprehensive service, from design to production of outer packaging and inner protective inserts. The company works for customers in the e-commerce, logistics and manufacturing sectors. In 2021, MAZOP began producing digitally printed packaging, enabling customers to personalise their orders. The company’s products go to 24 countries. Further export expansion and investment in process automation remains a key focus.

“The new listing on NewConnect is an important step for us and a consequence of the growth strategy we are pursuing. We want to be even more transparent and reliable for investors and business partners. Last year, we implemented key changes, especially in the area of foreign expansion, which are already producing tangible results. I look forward to further building the value of MAZOP Group together with its current and future shareholders,” said Krzysztof Rusin, CEO and main shareholder of the company.

The new listing on NewConnect is the next stage of development for MAZOP Group and part of its long-term growth strategy. Presence on the public market opens up the company’s access to new capital and increases its visibility among business partners and investors.

Key information

* based on the reference price of series A to C shares proposed by the Authorised Advisor and the Market Maker, equal to PLN 25.00

Issuer’s history and business

The company operates in the manufacturing sector and produces cardboard packaging and PE foams (polyethylene foams). The Issuer provides a comprehensive service by designing, manufacturing and supplying outer packaging solutions as well as inner protection. The main customer for the Company’s products is the e-commerce industry. MAZOP Group S.A. also produces packaging with colour printing.

The company’s history dates back to 2013 when it was founded as a civil partnership.

According to the 2024 figures, the Issuer produces more than 4 million packaging units per month and works with contractors in 24 countries around the world, mainly in Europe.

Thanks to investments made especially in 2019-2021, the Company has a modern machine park that covers almost the full range of processing and finishing of corrugated board, solid board and foams. The Issuer uses a wide range of production technologies and materials to meet customer expectations. Basic work on packaging and foams includes die cutting, gluing, printing, CNC cutting and milling, sawing, cutting and engraving.

The Company processes honeycomb boards and chambered boards using its existing equipment. Thanks to the use of specialised machinery and the experience of the team, it is possible to adapt the technology for both low- and high-volume orders. Should the need arise, the Company’s consultants work with the customers to develop appropriate solutions tailored to their needs. The Company rents two production halls, dedicated to high-volume production and low-volume/project-based production.

MAZOP Group S.A. is the parent company of two subsidiaries in which it holds a 100% interest, forming the MAZOP Group:

• Sheep Me sp. z o.o. based in Brwinów. The Issuer holds 100% of the votes and shares
• Mazop GmbH based in Germany. The Issuer holds 100% of the votes and shares.

Selected financials of the Issuer’s Group (PLN):

Offering of series C shares (public offering)

Number of shares: 21,400 series C ordinary bearer shares

Issue price: PLN 25.00

Number of persons who took up the shares: 3 individuals unrelated to the Issuer

Paid by a bank transfer. The capital increase was registered with the National Court Register on 31 December 2024.

Issuer’s shareholders:

Financial instruments newly listed on NewConnect:

• 258,965 series A ordinary bearer shares with a nominal value of PLN 0.10 each,
• 55,500 series B ordinary bearer shares with a nominal value of PLN 0.10 each,
• 21,400 series C ordinary bearer shares with a nominal value of PLN 0.10 each.