Creotech Instruments S.A., Europe’s leading manufacturer of satellite systems and components, and advanced electronics for quantum computer control systems and other applications, completed its book-building process, settling on a maximum offer price of PLN 61 per share. The Company will offer investors the full pool of 185,000 series H ordinary shares.

Based on the recommendation of its investment firm, the Company made the following split into tranches:

161,902 (87.5% of New Issue Shares) in the Large Investors Tranche;
15,000 (8.1% of New Issue Shares) in the Employee Tranche;
8,098 shares (4.4% New Issue Shares) in the Small Investors Tranche.

The average reduction in the Small Investors Tranche was 96.27%

Creotech Instruments plans to use the proceeds from the issue of series H shares to continue development work on EagleEye, its Earth observation satellite, bring the HyperSat microsatellite up to the state-of-the-art, create its its own modular satelite platform offering, purchase a third assembly line and to grow its business further.

“We are very pleased with the success of the offering and the huge investor interest seen during book-building. Demand surpassed the number of offered shares by several times on the first day already. We would like to thank all investors for the trust they placed in us. We will spare no effort to meet the market’s expectations towards us and to implement the adopted development strategy to the best of our ability. The capital raised gives us the opportunity to grow at an even faster pace. We are also proud of the strong uptake of shares among our staff as it proves that we were sucessful in building a company employees believe in and identify with it” says Jacek Kosiec, President of the Management Board of Creotech Instruments S.A.

The new series H shares will be formally alloted by 20 April. Subscriptions for shares in the Large Investors Tranche and the Employee Tranche will be open between 14 and 16 April. In total, the shares offered to investors will represent 11.66 % of the Company’s increased share capital. The share offering was brokered by Dom Maklerski Navigator S.A.

After the offering closes and the shares are alloted, Creotech Instruments will kick off preparations for the introduction of all the shares to the NewConnect Alternative Trading System, eyeing Q3 2021 as a possible date.

Creotech Instruments is Poland’s largest manufacturer and global exporter of space technologies, and specialized electronics and instruments, including for quantum computers, quantum cryptography, as well as quantum physics and high energy laboratories. The Company’s products were part of 26 space sector projects, including 10 space missions, 4 of which were carried out for the European Space Agency (ESA). One of Creotech’s most important current projects is the HyperSat satellite platform, which positions the Company among a dozen or so companies in the world capable of offering tailored-made microsatellites and entire microsatellite constellations.

Details on the course, and the terms and conditions of the public offering are available the Information Memorandum published at the websites ofCreotech Instruments S.A.: https://creotech.pl/pl/oferta-publiczna/ and Dom Maklerski Navigator S.A.: www.dmnavigator.pl

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