News

New listing of BIO PLANET

The company BIO PLANET S.A. was newly listed on the GPW Main Market on 20 December 2021.
BIO PLANET S.A. is the 430th company listed on the Main Market and the 16th new listing on the Main Market in 2021.

Key information

*at the issue/selling price equal to PLN 28
**at the average price of the Company’s shares in NC ATS in the last 3 months before the submission of the admission application equal to PLN 31.19

Issuer’s history and business
The Company’s shares have been traded in the NewConnect ATS since 1 April 2015.
The legal predecessor of the Issuer was registered in 2005. he Issuer operated under the name Bio Planet sp. z o.o. from January 2007 and as BIO PLANET S.A. since June 2014.
According to the information contained in the prospectus, the Company is a leading wholesale supplier of organic food in Poland and the BIO PLANET logo is one of the most recognisable organic food logos.
The Issuer’s core business is the packaging and distribution (wholesale) of organic food. The Company’s offer includes approx. 7.0 thousand products including durable products (e.g., nuts, dried fruit, flours, groats and rice, legume products, mushrooms, teas and herbs, juices and drinks, oils and olive oils, snacks, superfoods and processed breakfast products) and fresh products (e.g., eggs and dairy products, fruit and vegetables, meat and cured meats). The Company’s products have been AGRO BIO TEST certified since 2007 which ensures that food offered by the Company is eligible as organic food.
Packaging and mixing of products is carried out in the Company’s own facilities. The Company’s products are distributed to over 1,800 customers in Poland and other countries. The Company has two dry goods packing plants with an area of approximately 2,000 m2 located in a leased facility, as well as a fresh goods packing plant located in a logistics centre in the Leszno municipality near Warsaw. Distribution in Poland is based on an independently created transport and logistics network, including four transhipment centres in Toruń, Poznań, Silesia (Dąbrowa Górnicza) and near Wrocław (Oleśnica).

The Issuer’s share capital according to the Register of Entrepreneurs is PLN 2,800,000 divided into 2,800,000 shares, including:

• 1,993,000 series A ordinary bearer shares,
• 507,000 series B ordinary bearer shares,
• 300,000 series C ordinary bearer shares,

200,000 series D shares taken up in the public offering have not yet been registered in the National Court Register.

Public offering:
In the public offering, the Issuer’s shareholder Organic Farma Zdrowia S.A. offered up to 702,000 existing shares and the Company offered up to 200,000 new issue series D shares.
Issue/selling price: PLN 28
The final number of Offered Shares subscribed by investors in the offering was 350,879 shares, including 200,000 new issue series D shares and 150,879 sold shares.

In the offering to sell, 150,879 shares sold were taken up by one entity: GK4 Food Sp. z o.o.

A total of 200,000 series D shares were allotted in the public subscription of series D shares on 3 December 2021 as follows:

• shares of the new issue were allocated to 103 investors in the small investor tranche;
• shares were allocated to 1 investor in the large investor tranche.

The issue price and the selling price was PLN 28. The value of the public offering was PLN 9.8 million, of which the Company raised PLN 5.6 million in the issue of series D shares.

Purpose of the issue:
According to the purpose of the issue, the Company plans to build new packaging facilities with a total area of approximately 5,000 m2 to replace the packaging facilities currently operating in leased space.

Selected financials of the Issuer:

The Company’s Management Board did not publish financial forecasts or estimates of results.

Newly listed instruments:

• 1,993,000 series A ordinary bearer shares,
• 507,000 series B ordinary bearer shares,
• 300,000 series C ordinary bearer shares,
• 200,000 rights to series D ordinary bearer shares,