Press Release

Regulatory News / Latest Report

Information on completed public offering

October 10, 2020

Current report No. 5/2020

Legal basis: art. 17 MAR

Title: Information on completed public offering

The Board of Directors of Allegro.eu (the "Company") hereby publishes information on the completed public offering comprising: (i) the issuance of 23,255,814 (twenty-three million two hundred fifty-five thousand eight hundred fourteen) new ordinary shares with the nominal value of PLN 0.01 each (the “New Sale Shares”) and (ii) the sale of 190,293,225 (one hundred ninety million two hundred ninety-three thousand two hundred twenty-five) existing shares with the nominal value of PLN 0.01 each (the “Existing Sale Shares”, together with the New Shares jointly the “Sale Shares”) by Cidinan S.à r.l., Permira VI Investment Platform Limited, Mepinan S.à r.l., Adinan S.C.Sp and the Individual Selling Shareholders (the “IPO”).

Start and end date of subscriptions for the Retail Investors: 23 – 28 September 2020.

Start and end date of subscriptions for the Institutional Investors: 22 – 28 September 2020.

The Sale Shares were allocated on 5 October 2020.

The Final Price paid for the Sale Shares by the Retail Investors and the Institutional Investors was PLN 43 per Sale Share.

From the total number 213,549,039 (two hundred thirteen million five hundred forty-nine thousand thirty-nine) Sale Shares: 9,342,771 (nine million three hundred forty-two thousand seven hundred seventy-one) Sale Shares were offered to Retail Investors, and 204,206,268 (two hundred four million two hundred six thousand two hundred sixty eight) Sale Shares were offered to Institutional Investors. Additionally, up to 32,032,356 (thirty-two million thirty-two thousand three hundred fifty-six) over-allotment shares were offered in the IPO.

The average reduction rate of subscriptions for Retail Investors in the subscription was ca. 84.85%.

Underwriters did not acquire any Company shares in performance of the Underwriting Agreement.

The value of the completed public offering for the sale of 213,549,039 (two hundred thirteen million five hundred forty-nine thousand thirty-nine) Sale Shares was PLN 9,182,608,677 (nine billion one hundred eighty-two million six hundred eight thousand six hundred seventy-seven zlotys).

The Company's net proceeds from the IPO amounted to approximately PLN 900.5 million after deducting the costs and expenses of the IPO (but excluding PLN 25.5 million of non-cash expenses relating to the grant of shares to employees of the Company and its subsidiaries (the "Group")). The Company's net proceeds are used for refinancing purposes in order to improve the Group's net leverage, which the Group believes will provide it with greater financial flexibility. Remaining amounts following the refinancing will be used for the general corporate purposes of the Group.

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.

All the capitalised terms not defined herein have the meaning prescribed to them in the prospectus approved on 22 September 2020 by the Luxembourg Financial Supervision Authority (Commission de Surveillance du Secteur Financier).