Current Report No. 21/2025: Delivery of shares following conditional share capital increase, completion of another subscription of Series H shares as part of conditional share capital increase […]
The Management Board of KRUK S.A. (the “Company”) announces that on March 5th 2025 a total number of 14,550 Series H shares of the Company (the “Shares”), acquired in exchange for subscription warrants under the incentive scheme adopted by Resolution No. 22/2021 of the Annual General Meeting of June 16th 2021 amended by Resolution No. 5/2025 of the Extraordinary General Meeting of January 30th 2025 r., were recorded in the securities accounts of eligible persons.
Accordingly, pursuant to the provisions of Art. 452.1 of the Commercial Companies Code, on the date when the Shares were recorded in the securities accounts the Company’s share capital was increased from PLN 19,381,668.00 to PLN 19,396,218.00, i.e. by PLN 14,550.00.
Following the increase, the Company’s share capital amounts to PLN 19,396,218.00 and is divided into 19,396,218 shares with a par value of PLN 1.00 per share, including
- 2,421,220 Series A ordinary bearer shares,
- 11,366,600 Series AA ordinary bearer shares,
- 1,250,000 Series B ordinary bearer shares,
- 491,520 Series C ordinary bearer shares,
- 1,100,000 Series D ordinary bearer shares,
- 843,876 Series E ordinary bearer shares,
- 845,574 Series F ordinary bearer shares,
- 1,000,000 Series G ordinary bearer shares,
- 77,428 Series H ordinary bearer shares.
The total number of voting rights attached to all shares issued by the Company is 19,396,218.
The amount of the conditional share capital increase after the delivery of the Shares is as follows: PLN 873.122.00.
At the same time the Company hereby announces the completion of another subscription of Series H shares (the ‘Subscription’) related to the implementation of the incentive scheme (the ‘Scheme’):
1. Subscription commencement and completion dates:
- Subscription commencement date: February 10th 2025
- Subscription completion date: February 24th 2025
2. Allocation date:
February 27th 2025
3. Number of shares: offered in the Subscription/ subscribed under the Subscription/ allotted under the Subscription:
14,550 shares
4. Reduction rate:
not applicable
5. Subscription price:
PLN 248,96
6. Number of individuals: who subscribed for the shares/ to whom shares were allocated under the Subscription:
33 individuals
7. Underwriters who subscribed for shares as part of underwriting agreements:
Not applicable. The Company did not enter into any underwriting agreements.
8. Total value of the Subscription (number of shares offered multiplied by the issue price):
PLN 3,622,368.00
9. Method of payment for the shares:
The shares were paid for in cash.
The costs of preparing and conducting the Subscription, including promoting the share offering and preparing documentation – such as advisory costs – will be determined after all subscriptions under the Scheme are completed. Due to the current lack of information on the total costs of the Scheme and the final number of shares issued, the Company will disclose the total and per-share costs of conducting the offerings in a separate current report, which will be released to the public after the final share issue under the Scheme is completed.
The costs associated with the share offering under the Scheme will be charged to the Company's operating expenses.
Detailed legal basis: Par. 5.8 in connection with Par. 13, and Par. 16.1 of the Regulation of the Minister of Finance of March 29th 2018 on current and periodic information […]