Best of BSE: AutoWallis was again awarded the “Capital Increase” prize
award of the year”
Budapest, February 23, 2022 – AutoWallis has once again won the “Share Capital Increase of the Year” award from the professional jury of the Budapest Stock Exchange (BSE) at the Best of BSE Award 2021 gala after the automaker listed on the Hungarian stock market closed its public offering with results that exceeded all expectations.
For the second time in a row, the professional jury of the Budapest Stock Exchange rewarded the performance of AutoWallis Plc with the award “The share capital increase of the year” after the closing of the company’s public offer to customers last November with success so far exceeding expectations and oversubscribing by more than HUF 10 billion compared to initial plans. The significance of the HUF 10 billion offering, which closed with the participation of more than 1,200 investors, is
evidenced by the fact that it was the first on the regulated market of the Budapest Stock Exchange (BET) since 2017, with public retail subscription on such a scale not seen on the Hungarian trading floor for more than 10 years. The capital raising goes a long way in supporting AutoWallis Group’s goal to use the amount received to implement business developments and acquisitions up to HUF 38 billion, which help the company grow into a major trading company. of vehicles and a provider of mobility services in the center and the east. European region by the end of the decade. It is thanks to this that AutoWallis received the prestigious award again in 2021, after 2020. Last year, AutoWallis received the award because it raised a total of HUF 4.4 billion in capital by inviting institutional investors in 2020 to finance its growth strategy.
As part of the Best of BSE “Share Capital Raise of the Year” award, AutoWallis Chairman Zsolt Müllner said: “We are particularly proud of this distinction because it demonstrates the essence of the stock market, namely that companies actively use their presence to raise capital in order to finance their growth objectives. This is what we are doing and, as the success of the public offering clearly illustrates, our ambitions are now supported by more than 4,000 shareholders – including 40 institutional investors – for whom we would like to express our gratitude.”
Gabor Ormosy, CEO of AutoWallis added that the successful share issue continued to strengthen the group’s balance sheet structure with the share issue exceeding HUF 10 billion. The Group’s management relies responsibly and conscientiously on the secure financial support provided by these sources for the implementation of its growth strategy.
AutoWallis Plc., a company listed in the Premium category of the Budapest Stock Exchange, as well as in the BUX and BUMIX indices, aims to become a major vehicle trading company and mobility service provider in the region of Central and Eastern Europe by the end of the decade and expand its investment portfolio focused on automotive investments through acquisitions. The AutoWallis group is present in 14 countries in the Central and Eastern Europe region (Albania, Bosnia and Herzegovina, Bulgaria, Croatia, Czech Republic, Hungary, Kosovo, Montenegro, North Macedonia, Poland, Romania, Serbia, Slovakia, Slovenia), where it is engaged in the retail and wholesale of vehicles, parts and accessories, repair and maintenance services, as well as short and long term vehicle leasing. The brands represented by the group include BMW, Dacia, Isuzu, Jaguar, Land Rover, Maserati, MINI, Nissan, Opel, Peugeot, Renault, SsangYong, Suzuki and Toyota cars and motorcycles, as well as spare parts for Saab and Sixt vehicles. . rent a car. AutoWallis has twice received the “Share Capital Raise of the Year” award at the Best of BSE Award galas (2020, 2021). www.autowallis.hu www.facebook.com/AutoWallis