Information on the end of the stabilisation period
Current report No. 11/2020
Legal basis: Article 6 (3) of Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the conditions applicable to buy-back programmes and stabilisation measures
Title: The end of stabilisation period for the Allegro.eu IPO on the Warsaw Stock Exchange.
The Board of Directors of Allegro.eu (the "Company") hereby reports that the stabilisation period for the initial public offering of the Company's shares (the "IPO") on the Warsaw Stock Exchange ended on 15 October 2020 and the over-allotment option was concurrently exercised in full, covering 32,032,356 (thirty-two million thirty-two thousand three hundred fifty-six) shares of the Company ("Over-allotment Option").
The terms and conditions for execution of stabilisation transactions were presented in the section "Underwriting, Stabilization and Lock-up" of the prospectus approved on 22 September 2020 (together with a supplementary prospectus of 25 September 2020) by the Luxembourg Financial Supervision Authority (Commission de Surveillance du Secteur Financier). In connection with the IPO, Morgan Stanley & Co. International plc (the "Stabilising Manager") or its affiliates or agents had the option to undertake stabilisation transactions for a period of 30 calendar days following the Listing Date (which occurred on 12 October 2020). As per the announcement by the Stabilising Manager dated 16 October 2020 (https://www.londonstockexchange.com/news-article/IRSH/stabilisation-notice/14721994), no stabilisation within the meaning of Article 3.2(d) of the Market Abuse Regulation (EU/596/2014) was undertaken by the Stabilising Manager in the Company’s securities.
The settlement of the Over – allotment Option took place on 20 October 2020.
As a result, the total number of shares sold in the IPO, including the Over-allotment Option, amounts to 245,581,395 (two hundred forty-five million five hundred eighty-one thousand three hundred ninety-five) shares, which represents approx. 24% of the Company's issued share capital.
Allegro.eu is a Luxembourg public limited liability company (société anonyme), registered office: 1, rue Hildegard von Bingen, L – 1282 Luxembourg, Grand Duchy of Luxembourg, R.C.S. Luxembourg: B214830.