News

New listing of POLSKIE TOWARZYSTWO WSPIERANIA PRZEDSIĘBIORCZOŚCI

2024-06-26 16:03:26

The company POLSKIE TOWARZYSTWO WSPIERANIA PRZEDSIĘBIORCZOŚCI S.A. was newly listed on the GPW Main Market on 26 June 2024.

POLSKIE TOWARZYSTWO WSPIERANIA PRZEDSIĘBIORCZOŚCI S.A. is the 410th company listed on the Main Market and the fifth new listing on the Main Market in 2024.

Key information

company name

POLSKIE TOWARZYSTWO WSPIERANIA PRZEDSIEBIORCZOŚCI S.A.

short name

PTWP

ticker

PTW

market (main/parallel)

Parallel

seat

Poland, Warsaw

Polish/foreign (other listing markets)

Poland (NewConnect)

core business

Web portals, events

companies listed on the regulated market

410

new listings in 2024

5

transfers from NC in 2024

5

IPO/public sale

none / none

issue price

-

average price in 3 months before the date of application

PLN 57.52

IPO/sale value

-

company valuation*

PLN 71,170,646

% free float in all shares subject to the application (all outstanding shares)

18.69%

free float value*

PLN 13,298,624

number of shareholders

Company listed on NC

Investment Firm

Q Securities S.A.

Legal Advisor

Stalmach Szczeszek Kancelaria s.j.

Auditor

PKF Consult sp. z o.o.

reference price

to be determined based on the closing price on NC (planned new listing on the Main market: 26 June 2024)

* based on the average price on NC in 3 months before the date of the application (PLN 57.52)

Issuer’s history and business

The Company’s shares have been listed in the NewConnect ATS since 26 April 2013.

The Issuer’s origins date back to 1995, when its founders operated as a civil partnership. Subsequently, Polskie Towarzystwo Wspierania Przedsiębiorczości sp. z o.o. was established in 1997, later transformed into a joint-stock company in 2008. Since its inception, the Issuer’s business model has combined the publishing of press magazines and other trade and specialist publications with the organisation of events: congresses, conferences, seminars. The core business therefore covers the following three main segments:

  • digital activities as a publisher of business and specialist web portals and the operation of e-commerce platforms,
  • organisation of congresses, conferences, trade fairs and other events of a similar nature, as well as publishing activity in the field of trade magazines,
  • management, through the subsidiary PTWP Event Center sp. z o.o., of the infrastructure of fair, congress and spectacle venues (International Congress Centre in Katowice and Spodek Sports and Entertainment Hall).

Issuer’s share capital

The Company’s share capital amounts to PLN 618,660 and is divided into 1,237,320 series A and B shares with a nominal value of PLN 0.5 each, including:

  • 1,178,362 series A ordinary bearer shares;
  • 58,958 series B ordinary bearer shares.

The application for admission covers all issued and registered shares of the Company. Currently all shares of the Company are traded on NewConnect.

Issuer’s shareholders

  • Wojciech Kuśpik – 875,798 shares representing 70.78% of the equity and votes;
  • DGA S.A. – 130,322 shares representing 10.53% of the equity and votes;
  • Other shareholders  – 231,200 shares representing 18.69% of the equity and votes;

Issuer’s selected consolidated financials:

PLN’000

Q1 2024

2023

2022

Sales revenue

21,529

87,765

84,353

Net profit  

-1,604

3,289

7,863

Total assets

46,393

42,672

44,499

Equity

23,630

24,550

28,083

Liabilities

22,763

18,122

16,416

Net cash flows

-933

-5,042

2,819

Cash

23,832

24,863

29,905


Newly listed instruments:

  • 1,178,362 series A ordinary bearer shares;
  • 58,958 series B ordinary bearer shares.