Report 7/2021
Information on stabilization actions in the period February 19-26, 2021
Report 7/2021
26-02-2021
Huuuge, Inc. (the “Issuer”), hereby reports that in the period February 19-26, 2021, it was receiving from IPOPEMA Securities S.A., acting as stabilization manager (the “Stabilization Manager”), pursuant to the prospectus approved by the Polish Financial Supervision Authority (Komisja Nadzoru Finansowego) on January 26, 2021, together with the supplements, errata and update reports (the “Prospectus”), drawn up in connection with: (i) the public offering (the “Offering”) of 33,316,686 shares of common stock in the Issuer (the “Offer Shares”); and (ii) seeking of the admission and introduction of 84,246,695 shares of common stock in the Issuer, including the Offer Shares (the “Admitted Shares”), to trading on the regulated market run by the Warsaw Stock Exchange (Giełda Papierów Wartościowych w Warszawie S.A.; the “WSE”), information on the following stabilization actions undertaken by the Stabilization Manager on the regulated market run by the WSE in the period February 19-26, 2021:
Date | Quantity of shares | Price range (in PLN) | Trading venue in which the transactions were carried out |
February 19, 2021 | 2.215.000 | 45,6000-49,9850 | WSE regulated market |
February 22, 2021 | 400.000 | 46,7500-49,9000 | WSE regulated market |
February 23, 2021 | 600.000 | 38,4000-47,0000 | WSE regulated market |
February 24, 2021 | 0 | - | - |
February 25, 2021 | 0 | - | - |
February 26, 2021 | 116.668 | 41,1950-42,3000 | WSE regulated market |
Total by February 26, 2021 (including that day): | 3.331.668 |
In connection with the Offering, the Stabilization Manager may acquire the Admitted Shares on the regulated market of the WSE in order to stabilize the price of the Admitted Shares at a level higher than the level which would otherwise have prevailed, in the period no longer than 30 calendar days following the first day of the listing of the Admitted Shares on the WSE. The stabilization actions referred to above were carried out pursuant to Commission Delegated Regulation (EU) 2016/1052 of March 8, 2016, supplementing Regulation (EU) 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the conditions applicable to buy-back programs and stabilization measures (the “Stabilization Regulation”) and the Stabilization Agreement (Umowa o Stabilizację, within the meaning of the Prospectus).
The stabilization measures are publicly disclosed in accordance with Regulation (EU) No 596/2014 of the European Parliament and of the Council of April 16, 2014, on market abuse and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC, and the Stabilization Regulation. In particular, information regarding all stabilization transactions undertaken by the Stabilization Manager will be made public by the Issuer no later than the end of the seventh daily market session following the date of such transactions.
Legal basis: Art. 6.2 of Commission Delegated Regulation (EU) 2016/1052 of March 8, 2016, supplementing Regulation (EU) 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the conditions applicable to buy-back programs and stabilization measures.
