Aquila's Initial Public Offer was 100% subscribed by investors

Aquila Part Prod Com, market leader in the field of distribution of consumer goods, announces that the initial public offering has been 100% subscribed. The final offer price within the Initial Public Offer was set at 5.5 RON / Share.

Following the successful closing of the Offer and according to the Prospectus, Aquila will request the admission of all shares issued for trading on the regulated spot market administered by the Bucharest Stock Exchange (“BVB”), Premium category.

"Aquila made a capital increase of RON 367 million (equivalent to EUR 74 million) through an initial public offer, this being the largest primary public offer made by a company with private shareholders through the Bucharest Stock Exchange. Successful completion of the Public Offer and the trust given by such investors offer us the opportunity to continue expanding and consolidating the Aquila business to another level. The growing interest of investors confirms our vision and activity over the 26 years since its start, being aware that team work, sustained work, entrepreneurship and long-term partnerships are the necessary ingredients for business development and achievement of goals, so we can strengthen our leadership and diversify and increase our market share and profitability, thus bringing value to our investors. Consumers generally experience continuous change It is generated by new technologies, changing consumer trends and increasingly important requirements in the field of sustainability, and we are aware that only important, well-organized and agile players will thrive in this challenging environment.", said Jean Dumitrescu , Investor Relations Director, Aquila.

AQUILA's offer consisted in the sale of a maximum number of 66,666,800 newly issued shares, representing 50% of the total number of shares issued by the Company. All the shares issued have been subscribed. The company will use most of the funds to purchase companies that own major brands in the consumer goods market and distribution companies with product portfolios complementary to the range offered by Aquila. The company also plans to use some of the funds for working capital, digitization of operations, increasing traceability and productivity and developing its own brands.

The subscription period took place between November 8 and November 16, 2021 and was structured in two stages, a stage of shares for retail investors and an institutional one. The share price was set between 5.5 lei / share and 6.5 lei / share, retail investors being able to subscribe to the maximum price of 6.5 lei / share.

Following the successful closing of the Offer, the final price for each share is 5.5 lei, valid for both categories of investors previously mentioned.

According to previous approvals, the trading of Aquila shares (market symbol "AQ") on the regulated market of the Bucharest Stock Exchange is expected to start in December 2021.

SSIF Swiss Capital S.A. acted as Offer Intermediary, while SSIF TradeVille S.A. and SSIF BRK Financial Group S.A. were part of the distribution group. The law firm Schoenherr si Asociatii provided legal assistance throughout the project in close collaboration with the coordinator of the legal department at Aquila, Radu Vasilescu.