News

New listing of STS HOLDING

The company STS HOLDING S.A. was newly listed on the GPW Main Market on 10 December 2021.
STS HOLDING S.A. is the 429^th company listed on the Main Market and the 15^th new listing on the Main Market in 2021.

Key information

*at the price of the shares sold in the public offering i.e. PLN 23

Issuer’s history and business
Star-Typ Sport Zakłady Wzajemne sp. z o.o., the legal predecessor of STS S.A., was established in 1997. Star-Typ Sport Zakłady Wzajemne sp. z o.o. was transformed into STS S.A. in 2020 and STS Holding S.A. was established in 2021.
The Company (the “Group”) is a leading entity in the gaming industry with nearly 25 years of experience in the Polish market and an approximately 46% share in the Polish market as of 2020 (in terms of turnover, according to STS S.A. estimates based on Ministry of Finance data). Since 2019, the Group has been developing its presence in international markets and currently provides services to approximately 1.5 million customers in Poland and Europe. The Group’s service portfolio includes sports betting: regular sports betting, virtual sports betting, simulated card games betting (BetGames), and a wide range of electronic sports betting (eSports). Outside Poland, the Group also offers an online casino. The Group’s current business development is mainly focused on further increasing the reach of its mobile services, which are currently the largest sales channel contributing 69.4% of the Group’s revenue in 2020. The vast majority of the Group’s revenue comes from the Polish market: approximately 96% in 2020, 97% in 2019 and 100% in 2018. The remaining revenue is generated on other markets. As the Group has started to expand into foreign markets, the share of revenue from abroad may increase in the future.

Issuer’s share capital
The Issuer’s share capital amounts to PLN 156,389,998.00 and is divided into 156,389,998 shares with a nominal value of PLN 1 each, including:

• 100,000 series A ordinary bearer shares,
• 156,149,998 series B ordinary bearer shares,
• 140,000 series C registered shares.

Public offering to sell existing shares:
No more than 46,874,998 existing shares sold by shareholders were offered in the public offering. The final number of shares offered in the public offering was 46,874,998.
The selling shareholders are: MJ Investments sp. z o.o., Juroszek Investments sp. z o.o., Betplay Capital sp. z o.o.
Selling price of the shares: PLN 23.00.
Final number of shares offered to Retail Investors: 1,890,000 shares.
Final number of shares offered to Institutional Investors: 44,984,998 shares.
Value of the public offering: PLN 1,078,124,954, i.e., the value of the shares sold (funds raised by the selling shareholders).

Selected financials of the STS S.A. Group (PLN):