Stock issue and NewConnect listing

For the IT company SMT Software S.A., Capital One Advisers Sp. z o.o. conducted a private placement of shares in 2010, raising funds for growth. We then floated the shares on the NewConnect market and served as an Authorized Adviser

At the time of the transaction, SMT Software S.A. was a producer of proprietary business software and offered products and services in five main areas: geolocation GIS solutions, solutions for mobile devices, dedicated applications, implementation of web-based solutions, and outsourcing of IT personnel. The company has completed projects in Poland and more than a dozen other countries, including Germany, France, Slovenia, Norway, the US, the Middle East, and South Africa. SMT Software’s clients include entities from the telecommunications, financial, public, and media sectors, including such companies as Microsoft, Opera Software, BRE Leasing, Polkomtel, Ernst & Young, and Deloitte. SMT Software S.A. was part of the WSE-listed ADV Group S.A.

Deal timeline

April 2010: SMT Software raised PLN 1 million in the private placement of shares; the money was to fund, among other things, vehicle and personal tracking and location services and expertise in the Google Android and Nokia Maemo systems.
April 21, 2010: SMT Software debuted on NewConnect as the ninth company we brought to that market.
April 21, 2010: the reference price on the first trading day was PLN 2.74, and the price opened 12.04% higher at PLN 3.07.
April 21, 2010: the rights to shares (PDAs) closed the first session at PLN 4.20, up 53.29% on the issue price.

Service: NewConnect projects

Client:

SMT SOFTWARE S.A.