IPO of Danwood Holding S.A. suspended
The Selling Shareholder, in agreement with the Global Coordinator and after consultation with the Joint Bookrunners, has decided to suspend the Offering. The offering was suspended because the price resulting from the bookbuilding among institutional investors did not reflect the fundamental value of the company and its development potential in the view of the Selling Shareholder.
There was no decision on the subject of new dates for the Offering. Such dates will be set later.
At the same time, it is indicated that by the decision of the Selling Shareholder, taken in agreement with the Global Coordinator and after consultation with the Joint Bookrunners, previously submitted declarations to purchase the Offer Shares by the Institutional Investors become invalid.
These materials do not constitute an offer for the sale of securities in the United States, Canada, Japan, Australia, or any other jurisdiction where such offer for sale would constitute a violation of the applicable laws or would require registration. Securities may not be sold in the United States absent registration with the United States Securities and Exchange Commission or an exemption from registration under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”). Securities of the Company have not been and will not be registered under the U.S. Securities Act and may not be offered or sold in the United States.
Neither the Prospectus nor the securities of the Company covered thereby have been or will be registered, approved or notified in any country other than the Republic of Poland, specifically in accordance with the laws enacted based on Directive 2003/71/EC of the European Parliament and of the Council, as amended, and they cannot be offered or sold outside the territory of the Republic of Poland (including within the territory of other countries of the European Union or the United States of America, Canada, Japan or Australia) unless in any relevant state such offer or sale could be effected in compliance with the law without the need for the Company, the Selling Shareholder or their respective advisors for the purpose of the Offering. Any investor residing in or having its registered office outside the Republic of Poland should review the relevant regulations of Polish law as well as the regulations of other countries which may apply thereto in connection with the participation in the Offering.