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Information on the closure of the retail sale period

2021-10-28

In accordance with Sections 55 and 56 of Act CXX of 2001 on the Capital Market and in order to comply with the disclosure requirement set out in PM Decree No. 24/2008. (VIII. 15.), AutoWallis Nyrt. (registered seat: 1055 Budapest, Honvéd utca 20.; hereinafter: Company) hereby informs market participants as follows.

The Company’s public offering of shares began on 25 October 2021, as part of which the retail sale (hereinafter: Retail Sale) of shares would take place between 25 October 2021 and 9 November 2021 on the basis of the prospectus published on 14 October 2021 (hereinafter: Prospectus), i.e. persons who qualify as retail investors in the meaning of the Prospectus would be able to submit their share subscription applications during this period (hereinafter: Retail Sale Period).

The Company hereby informs market participants that, based on demand figures for the first three days of the Retail Sale Period (which does not even include full data for the third day), there has been significant interest from retail investors in the Company’s shares, as a result of which the maximum number of shares available under the Prospectus was subscribed for by retail investors during the first three days of the Retail Sale Period. According to the Prospectus, the Retail Sale Period may be closed at any time after the third workday of the period (i.e. 27 October 2021) based on the collective decision of the Company and OTP Bank Nyrt. as the lead-manager (hereinafter: Lead-manager) if the maximum number of shares available under the Prospectus is subscribed for by retail investors during this shortened period. Having regard to the above, the Company and the Lead-manager collectively made the decision to end the Retail Sale Period at 12:01 a.m. on 28 October 2021.

The early conclusion of the Retail Sale Period does not affect the date of the institutional sale under the pre-defined schedule and its closure.

The Company would like to note that, in the course of allotment (which takes place within 2 workdays from the end of the institutional sale period, i.e. 9 November 2021), the Company shall, in agreement with the Lead-manager, decide on rearrangement as set out above or the acceptance of oversubscription and, if required, on the allotment.

In the event that any share subscription applications of retail investors are not completely fulfilled after the rearrangement and after the maximum permitted oversubscription (25%) based on the increased issue value after the rearrangement, then the shares allocated for Retail Sale will be distributed among investors using the "card dealing procedure" in chronological order based on the dates of submission of the share subscription applications. However, in the course of allotment, investors who submitted a valid share subscription application during the first three days of the Retail Sale will receive the same treatment, i.e. they will fall into the same category in terms of chronological order in the course of allotment. The shares will be allocated among these retail investors using the "card dealing procedure", not including the special case described herein. According to the "card dealing procedure", in each round of allocation, one share is allocated to each investor whose share subscription application has not yet been completely fulfilled, up to the number of shares available. In the event that the number of shares actually available for allocation in the course of allotment is lower than the number of shares applied for in the first three days of the Retail Sale Period, then shares will be randomly distributed in the course of allocation to retail investors who submitted a valid share subscription application during the first three days of the Retail Sale.

Furthermore, the Company would like to note that if a share subscription application submitted by an investor participating in the Retail Sale is, in whole or in part, not acceptable for reasons set out in the Prospectus (including, but not limited to, the cancellation of share subscription applications exceeding the maximum permitted amount), then any payments already made for shares associated with rejected share subscription applications shall be released in their entirety (without any interest or any other charges) to the client/payment account held by the relevant retail investor with the Lead-manager within 7 days (after deducting applicable taxes and duties in the case of wire transfers or withdrawal fees in the case of cash payments) from the date of closure of the placement process (9 November 2021).

This publication is not qualified as advertising according to the EU Regulation No. 1129/2017. Related to the information contained in this publication the Company has published a prospectus prepared pursuant to EU Regulation No. 1129/2017 and approved by the NBH. The prospectus is publicly available on the website of the Budapest Stock Exchange (https://www.bet.hu/newkibdata/128621182/AutoWallis_Osszevont%20Tajekoztato_jovahagyott_alairt.pdf), on the website of the NBH (https://kozzetetelek.mnb.hu/downloadkozzetetel?id=661680&did=K461665/2021), on the website of the Company (autowallis.hu/reszvenyjegyzes), and on the website of the OTP Bank Plc., as lead-manager (https://www.otpbank.hu/portal/hu/AutoWallis_Reszvenyjegyzes).

The approval of the prospectus by the NBH does not mean the approval of the securities to be offered or the offering of those on the regulated market. In order to fully understand the potential risks and benefits of the relevant investment decision it is expedient for the investors to read the prospectus after its publication, prior to making an investment decision regarding the public offering of the shares, and prior to making an investment decision, it is worth to carefully consider the legal, taxation or pay-off consequences of a possible investment in the Company and its securities, including the benefits of the investment and the relevant risks. The Company draws the attention to the fact that the Company and its representatives assume no responsibility for investment decisions based on the conclusions drawn by investors, for its detrimental legal consequences or financial losses.