Answear e-commerce's shareholder launches ABB for sale of 2.85 mln shares

The offered shares will constitute a total of approximately 15.01 percent of the shares in Answear's share capital and will represent around 15.01 percent of the total number of votes in the company.

Assuming the sale of the indicated number of shares as part of the above-mentioned sale process, the selling shareholder will hold 816,355 shares in the company's share capital, representing approximately 4.30 percent of the total number of votes in the company, while the second subfund separated within MCI.PrivateVentures Closed-End Investment Fund - MCI.EuroVentures 1.0 subfund - will hold 919,211 shares in the company's share capital, representing around 4.84 percent of the total number of votes in the company.

The final number of shares offered for sale in the offering and the sale price of the shares will be determined and announced immediately after the completion of the accelerated book-building process, which may take place at any time.

In connection with the offering, the selling shareholder has undertaken to the managers (i.e. Pekao Investment Banking, listed lender Pekao's brokerage house - Biuro Maklerskie Pekao, and Dom Maklerski INC) to comply with the restriction on the transferability of the company's shares held after the offering for a period of 270 days from the date of conclusion of the placement agreement, i.e. from June 10, 2025 (lock-up obligation).

The lock-up obligation is subject to the exceptions specified in the placement agreement, including, among others, those relating to the sale of company shares as part of tender offers or share buybacks.

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