Saturday, October 12, 2024

KNF approves JR Holding prospectus

COMPANIESKNF approves JR Holding prospectus

JR Holding ASI, an investment company listed on the NewConnect market since 2012, has received the approval of the Polish Financial Supervision Authority for the issuance prospectus prepared for the purpose of transitioning from the small market to listings on the main WSE floor. The prospectus was filed with the PFSA in May 2022, and its approval opens the path for JRH’s debut on the regulated market.

We are glad that the document prepared by us was positively evaluated by the PFSA, it’s the culmination of nearly two years of work of the JRH team and our advisers. Throughout this period, we were in constant dialogue with the Commission’s Office and answered all the questions in a comprehensive way. This is a large success for us and an important step on the way to debut on the main market Warsaw Stock Exchange – said January Ciszewski, investor and CEO of JR HOLDING.

JR Holding views the move from the NewConnect market to so-called “main floor” as a strategic target; its achievement is expected to be a key factor in supporting the company’s development. Experiences of companies transferring listings from NewConnect to the regulated market indicate that a significant increase in their securities turnover can be expected.

We hope that entering the WSE will facilitate attracting investors who do not have investing in companies from NewConnect in their strategy. This especially applies to larger entities and institutional investors, as trade on the NewConnect market is mainly dominated by individual investors, as we know. This is a great opportunity for us and we plan to make good use of it – added Ciszewski.

The next step is the acceptance of WSE Management Board and the debut of listings on the regulated market. The company immediately submits all documents and applications to WSE and KDPW so that the first listing on the main market could take place as soon as possible.

We still have an intensive period ahead before the debut, from our side we’re ready with the documentation and we hope that it will be a smooth process – summed up the CEO of JRH.

The prospectus of JR Holding ASI S.A. has been prepared in connection with the intention to apply for admission to trading on the regulated market of series A, B, C, D and F shares. The date of the first listing will be determined by the Board of the Warsaw Stock Exchange S.A.

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