Shopper Park Plus’ public share offering exceeding EUR 100 million has been completed

According to the information, the shares with a nominal value of 0.1 euros and an issue value of 10.80 euros embody the same rights as the ordinary shares listed on the Budapest Stock Exchange. Of the shares, 1,219,459 were allocated to retail investors and 8,080,541 were allocated to institutional investors. As a result of the capital increase, the company’s subscribed capital will increase to EUR 2,429,761.8.

It was added that during the subscription, investors oversubscribed the maximum number of shares to be issued, with a total of 9,546,232 shares subscribed.

It was also noted that there has not been a public share issue of such a size on the BSE in 28 years.

The subscription intention of more than EUR 100 million is based on the expected high euro dividend yield, the favorable asset return on Polish investments, and – they wrote, adding that with low volatility, Shopper Park Plus has paid a dividend of over 7 percent in the past two years.

Erste Group Bank AG, together with Erste Befektetési Zrt., Concorde Értékpapír Zrt. and WOOD & Company participated in the share issue as distributors, and Hümpfner & Associates provided legal advice.

They announced that the funds managed by Adventum will remain the company’s largest shareholders. Adventum has carried out significant transactions in the region in recent years, and its portfolio is financed by around ten banks.

According to Shopper Park Plus Plc., the stock exchange presence and transparency further strengthen the trust of investors and financing banks and promote the company’s growth.

The strategic goals of the investment company, which owns food-focused retail properties in the Central and Eastern European region, include the acquisition of eight additional Polish shopping parks, which would further increase and diversify its portfolio. With the transaction, the company will become the owner-operator of 30 food-focused retail parks and will be able to move closer to its goal of becoming a market leader in the region.

The announcement highlighted that the company was the first to carry out a euro-based share issue on the Budapest Stock Exchange in 2023, followed by a private share issue in 2024.

According to previously announced data, Shopper Park Plus achieved a profit after tax of 31.3 million euros in the first nine months of this year, double the profit after tax of the same period last year, and rental income increased by more than 34 percent to 6.1 million euros. By the end of the third quarter, the occupancy rate reached 95 percent, and the total value of investment properties increased from approximately EUR 310 million to EUR 425 million since the beginning of the year.

Shopper Park Plus Plc. shares are traded in the premium category of the BSE, with the closing price of the share on Monday being EUR 11.5. The highest price of the stock in the past year was EUR 13.4, and the lowest was EUR 11.