FSA approved the Prospectus Shoper

The Financial Supervision Authority has approved the prospectus of Shoper S.A. in connection with the planned Public Offering. The company is seeking to list the shares on the WSE's main market. Publication of the Prospectus is scheduled for Monday, June 21. The global coordinators of the offering, co-leaders of the book of demand, are mBank S.A. and the PKO BP Brokerage Office. WOOD & Company Financial Services, a.s. is also the joint bookrunner.

Shoper is a leader in the Polish market of e-commerce software providers in the SaaS model, which enables entrepreneurs to conveniently, quickly and easily set up their own online store and conduct sales in the online channel. The Company's comprehensive offering includes the Shoper platform, made available on a subscription basis, and a range of services sold in the pay-as-you-grow (PAYG) model, correlated directly to the number of orders or the volume of turnover (GMV) generated by stores on the platform. The company's solutions are used by more than 20,000 stores, representing diverse industries.

- The approval of the Prospectus is very positive news, it means that the Public Offering will begin in the next few days Shoper. The comprehensive offer for e-shops that we have been building for 15 years has allowed us to take a leading position in the Polish market of SaaS software providers and become the first choice platform for entrepreneurs deciding to enter the online channel. We are in a period of dynamic growth, we have a rich offer and great people on board, and the Polish e-commerce market has very good prospects. Taking all these factors into account, I think this is a good time to join the ranks of companies on the Warsaw Stock Exchange. We expect the first listing of shares later in the first half of July," comments Marcin Kuśmierz, CEO of Shoper.

The company's strategy is to maintain its position as a market leader offering software for e-commerce in the SaaS model, including by increasing the platform's user base Shoper, including through potential acquisitions and expansion into new countries, as well as increasing the share of revenue in the PAYG model and developing current and new services, including those focused on supporting multi-channel sales.

- We want to continue to take advantage of the high scalability of our business model and increase the user base using our platform and the additional services we offer in a pay-as-you-grow model. We are considering acquisitions of smaller e-commerce platforms, as well as going out with our offerings to other countries. The first step was the acquisition of the ErpBox application, which allows Shoper customers, among other things, to integrate with trading platforms that allow them to sell abroad. At this point, we ceased to be a Company that operates exclusively on Polish territory," adds Marcin Kuśmierz.

Shoper reported revenue of PLN 47 million and management EBITDA of PLN 22 million in 2020, net of one-time events. This represents an increase of 69 percent year-on-year and 104 percent year-on-year, respectively. In the same period, GMV generated by stores on the Shoper platform amounted to nearly PLN 4.0 billion, an increase of 87 percent year-on-year.

The Prospectus is scheduled to be published on the Company's website on Monday, June 21: https://www.shoper.pl/relations-investors/

The subject of the offering will be about 27.1% of existing shares Shoper , including about 2.5% under the stabilization option. The offerors of the shares are the Company's current shareholders, i.e. private equity fund V4C POLAND PLUS FUND S.C.A. SICAV FIAR, Modhaus sp. z o.o., KFF Sarl, Krzysztof Krawczyk and Rafał Krawczyk. The Company does not plan to increase its share capital. The selling shareholders and the Company have agreed not to sell or issue shares in the Company for 360 days after the Offering. The managers of the Offering are mBank S.A., PKO BP Brokerage and WOOD & Company Financial Services, a.s. The legal advisor to the Company in connection with the Offering is the law firm MJH Moskwa, Jarmul, Haladyj and Partners - Lawyers and Legal Advisors sp.p. The legal advisor to the Offering Managers in connection with the Offering is the law firm DLA Piper Gizinski Kycia sp.j. The Company's auditor is Grant Thornton.