- Strong investor interest received for the subscription of new shares
- As of June 4, the order book exceeded 93% of the targeted EUR 150 million issuance
Zagreb, Croatia, June 5, 2026 - Croatian investment group BOSQAR INVEST (BOSQAR d.d. – ZSE: BSQR) informed the public on Friday that the subscription of new shares in its secondary public offering, which commenced on June 1, 2026, is proceeding according to the planned dynamics and that the Company has thus so far received strong investor interest in the subscription of its new shares.
According to the data available at the end of the day on June 4, 2026, the order book exceeded 93% of the targeted EUR 150 million issuance.
This figure represents the current status of the order book and remains subject to change until the expiration of the subscription period for the new shares.
The subscription of the Company's new shares will continue until the expiration of the subscription period, which, pursuant to the Public Call for the Subscription of New Shares published by the Company on May 19, 2026, has been set until June 10, 2026 at 4:00 p.m. CEST for all new investors, and until June 15, 2026, at 10:00 a.m. CEST for existing investors.
In accordance with the Public Call, and following the expiry of the offering period in the first round, the Company will timely inform the public of the results of the subscription of the new shares.
Technical Information
The offering consists of two rounds, within which up to 5,892,185 new shares of the Company will be issued. The price range per new share is between EUR 25.50 and EUR 26.50, while the final price will be determined following the completion of the second round of the offering, taking into account investor demand, market conditions, and an assessment of the Company's risk factors and growth potential. The final price will be publicly announced no later than June 11, 2026.
The offering is open to existing shareholders, domestic retail investors, qualified investors, and employees of selected companies within the BOSQAR INVEST group in Croatia and Slovenia. In Croatia, new shares may be subscribed through branches of Zagrebačka banka, Erste Bank, Privredna banka Zagreb and Raiffeisenbank Hrvatska, as well as through digital platforms and applications such as mZaba, George, PBZ Investor, E-RIZNICA and M-RIZNICA. Additionally, investors may subscribe for shares through FINA and brokerage firms HITA, Agram Broker, and FIMA Vrijednosnice.
As previously announced, the proceeds raised through the secondary public offering (SPO) of new shares will primarily be used to finance future investments and acquisitions as favorable opportunities arise, including the acquisition of PIK Vrbovec, as well as to further expand operations and strengthen the market position of the BOSQAR INVEST group.
Following completion of the allocation process, payment for subscribed shares, and implementation of all necessary actions related to the increase of share capital and issuance of new shares, trading of the new BOSQAR shares on the Zagreb Stock Exchange is expected to commence in early July 2026.
ESOP Program
A dedicated portion of the offering relates to the ESOP program for employees of the BOSQAR INVEST group in Croatia and Slovenia. The program provides for the allocation of additional shares under a 3+1 model, meaning one additional share for every three shares purchased, subject to continuous employment and retention of the shares for a period of two years. Through the program, an individual employee may acquire up to 231 new shares.
Prospective investors are advised to read the Public Call and the information document, and employees are advised to review the ESOP Policy, before making an investment decision in order to fully understand the potential risks associated with the investment.
Since its IPO in 2019, the share price of BOSQAR INVEST has increased by approximately 790%, representing an average annual growth rate of approximately 38%, while the Company has continuously paid dividends over the past five years. The Company has also recently adopted a new dividend policy through which it intends to continue returning value to its shareholders in the future, and which is available via the dividend policy link.