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RESBUD SE has completed the subscription, investors will acquire over 218 million new shares of the Company


RESBUD SE has completed the subscription, investors will acquire over 218 million new shares of the Company

On December 30th, the deadline for subscriptions for new RESBUD SE shares, which the Management Board of the Company offered to the shareholders of Energokomplekt OOO, Conpol sp. z oo and Uniwersim sp. z oo, expired. Through the private subscription process, agreements were concluded to acquire a total of 218,520,263 RESBUD SE new issued shares with a value of over EUR 32 million. As a result, the share capital of the Company will increase to over EUR 26 million (from EUR 1.991 million currently), and RESBUD SE will take over majority shares in the above-mentioned companies.

The Management Board of RESBUD SE continues the process of transforming Company into a modern, dynamically growing European holding company, present on the overall construction, power and civil engineering markets, and also dealing with manufacturing, logistics and delivery of materials and equipment for the construction and power sectors. As a part of the process, on December 22th, the Management Board of RESBUD SE made an offer to shareholders of the following companies: Energokomplekt OOO, Conpol sp. z oo and Uniwersim sp. z oo, to acquire new issued shares of the Company .

Thanks to the successful subscription, completed yesterday, the share capital of RESBUD SE will increase to over EUR 26 million, through in-kind contributions in the form of shares in Energokomplekt OOO, Conpol sp. z oo and Uniwersim sp. z oo In return , the shareholders of these companies will take up 218,520,263 new shares in the Company.

We are ending 2020 with great optimism. Successful completion of the subscription process is an important step in the implementation of the company's new strategy – creating a modern holding company, operating in the construction, energy and civil engineering markets. Our aim is to increase the value of the companies that comprise the holding through monitoring and coordinating their development. We want to generate profits for our shareholders and create added value for the economy, the society and the environment – ​​says Jarosław Gerard Podolski, Member of the Management Board of RESBUD SE.

The next steps related to the process of issuing new shares will be the conclusion of contracts transferring in-kind contributions and the registration of an increase in the share capital of RESBUD SE.

Energokomplekt OOO is a trading company registered in Yekaterinburg and a comprehensive operator of hardware, materials, construction chemicals and specialized equipment deliveries to large infrastructure projects, including construction and retrofitting of power facilities. Their clients include the biggest construction companies in Russia and several countries of the Commonwealth of Independent States. The company also operates on several foreign markets – from Poland and Estonia to the Far East.

Conpol sp. z oo is an engineering-construction company that operates as a contractor in civil road and railway engineering and, as part of civil engineering, erects reinforced concrete structures, does construction and other work related to civil engineering. The company also manufactures concrete and asphalt mixtures. The company's major projects include: the expansion of the International Passenger Terminal Kraków-Balice, the construction of A1 highway between Tuszyn and Pyrzowice (section G), the reconstruction of rail systems and related infrastructure in the railroad E59 (Leszno-Czempiń section), and the construction work at the Kraków Mydlniki-Kraków Główny Towarowy section of the railroad E30.

Uniwersim sp. z o. o. is a manufacturer of high-quality asphalt mixtures and concrete. For many years, the company has been cooperating with companies specializing in the modernization and reconstruction of local and provincial roads, as well as with companies implementing contracts for the construction of expressways and motorways. In 2017-2019, the plant was one of the main producers of the mixture for Strabag SA for the expansion of the national road No. 8 on the Radziejowice-Przeszkoda section.