Dino Polska SA has filed its prospectus with the Polish Financial Supervision Authority (KNF) and plans to conduct a public offering and debut on the Warsaw Stock Exchange in the first half of 2017.
Only existing shares, belonging indirectly to Polish Enterprise Fund VI, managed by Enterprise Investors, will be offered in the public offering. The offering is planned to be directed to both Polish and foreign investors.
The Dino Group is the fastest-growing chain of proximity supermarkets in Poland in terms of average annual rate of growth in the number of stores in 2010–2015. In 2015 the Dino Group was also the second-largest in number of stores and in sales revenue terms chain of proximity supermarkets in Poland. By the end of November Dino chain includes 608 stores, located mainly in western Poland.
Szymon Piduch, CEO of Dino Polska SA, commented: “In recent years we have grown very dynamically, enlarging our chain from about 111 stores in 2010 to 608 by the end of November. This makes us the fastest-growing chain of proximity supermarkets in Poland in terms of average rate of growth in the number of stores and sales revenue in 2010–2015. We have further ambitious growth plans, calling for a denser network of stores in western Poland where we are already present, as well as expansion to the north and east of the country. We are encouraged by the market environment and good forecasts for the proximity segment in which we operate, with projections for average annual growth in sales through 2020 of 8.2%. Together with the shareholders, we determined that the present stage of growth is a good moment for the Company to go public. The final decision regarding the public offering, including its schedule, depends on a shareholder of the seller and the market situation. The public offering of Dino Poland will probably be the biggest IPO planned in 2017.”
This document (and the information contained herein) is not an offer of securities for sale, or the solicitation of an offer to purchase securities, in the U.S. Securities may not be offered or sold in the U.S. absent registration under the U.S. Securities Act of 1933, as amended (the “Securities Act”) or an exemption from registration. The securities referred to herein have not been and will not be registered under the Securities Act. No public offering of the securities will be made in the U.S.
This document is an advertisement and not a prospectus for the purposes of applicable measures implementing EU Directive 2003/71/EC (as amended) (such Directive, together with any applicable implementing measures in the relevant home Member State under such Directive and other applicable regulations, the “Prospectus Directive”) and as such does not constitute an offer to sell, or the solicitation of an offer to purchase, securities. A prospectus will be published, which when approved by the Polish Financial Supervision Authority – the Polish capital markets authority, will be the sole legally binding document containing information on Dino Polska S.A. (the “Company”) and the offering of the Company’s securities in Poland as well as on their admission and introduction to trading on a regulated market organized by the Warsaw Stock Exchange.
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