Terms of the offering
The Offering comprises 5,670,000 newly issued ordinary shares that are to be offered by the Company in a public offering in Poland and, solely in certain limited circumstances outside of the United States and Poland, in offshore transactions in reliance on Regulation S and to a limited number of U.S. persons within the United States pursuant to an applicable exemption from the registration requirements of the U.S. Securities Act and in compliance with any applicable the U.S. State securities laws.
The Offering conducted on the basis of this Prospectus consists of a public offering in Poland to: (i) individual investors (natural persons) (“Retail Investors”), (ii) legal persons (which includes persons managing portfolios for their clients) and unincorporated organizations and selected institutional investors outside of the United States (and outside of Poland) in reliance on Regulation S under the U.S. Securities Act of 1933 (the “Institutional Investors”). Subject to certain limited exceptions, U.S. persons within the meaning of Regulation S cannot participate in the Offering.