EJT Investment S.à r.l., an investment company owned by Elżbieta and Jacek Tarczyńscy, announced a public call for subscription for the sale of shares of Tarczyński S.A. The subscription will last until 28 February 2018. The acquirer will be EJT Sp. z o.o.
EJT intends to buy 6,000,000 shares of the company representing 41.82%* of the total number of votes at the General Meeting of Shareholders and 52.88%* of the total number of shares of Tarczyński S.A.
“EJT Investment treats the purchase of shares in Tarczyński S.A. as a long-term family and strategic investment. The aim of the call for subscription announced by EJT is to buy the shares and withdraw the company from the Warsaw Stock Exchange (WSE),” says Dawid Tarczyński, Director of EJT Investment S.à r.l. “The company plans to intensify its investment and marketing expenses related to the development of new products, increasing production capacities, maintaining the highest quality of products and expansion into foreign markets.”
The decision is motivated by the need to increase the competitive advantage and to make a strategic leap forward. The investments planned by the company will be carried out using external financing and their period of return on the investment is relatively long. Before it happens, the debt ratios may reach very values, limiting the possibility of paying the dividend.
Dawid Tarczyński, President of the Management Board, adds: “Answering this call makes it possible for investors to fully retreat from their investment, which would otherwise be very difficult due to the very low liquidity of the company’s shares and the single-price auction system.”
*All percentage values are rounded up to two decimal places.