DZP advises Energa on a share issue valued at over PLN 5.1 billion - Deals corner

Energa has issued close to 277 million new shares, raising over PLN 5.1 billion. The company was advised on the largest rights issue on the Warsaw Stock Exchange in a decade by lawyers at DZP.

DZP has advised Energa on a share capital increase and a public offering of new series CC shares. The rights issue enabled the company to raise over PLN 5.1 billion and was the largest transaction of its kind carried out on the WSE in the last decade. The series CC shares were listed on the WSE on 30 July.

The advice included preparing the legal structure for the transaction, drawing up the prospectus, carrying out a due diligence, coordinating cooperation with the investment firm and assisting the issuer with regulatory and disclosure requirements. The Law Firm’s experts also advised on the admission and introduction to trading on the WSE of the rights and the new series CC shares.

The DZP advisory team was composed of experts from the Capital Markets and Financial Institutions Practice: Maciej Zajda, Partner, Katarzyna Biarda, Senior Associate, and Maciej Goszczyk, Senior Counsel.