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project info
Start date: 1 May 2016
End date: 31 October 2018
funding
Fund: European Regional Development Fund (ERDF)
Total budget: 119 597,40 €
EU contribution: 59 798,70 € (50%)
programme
Programming period: 2014-2020
Managing authority: Ministerstwo obsługujące ministra właściwego ds. rozwoju regionalnego
beneficiary
European Commission Topic

Introduction by ML System S.A. of shares to public trading at the Warsaw Stock Exchange

Help programme reference_number: SA 42799(2015/X) Purpose of public aid: EC Regulation No 651/2014 Article 18 Aid for advisory services to SMEs The substantive scope of the project includes the preparation of the documentation necessary to obtain an external source of financing and capital increase. The project will result in the introduction of shares to trading on the main market of the Warsaw Stock Exchange. The scope of the project was divided into 9 tasks, during which the documents necessary for the introduction of ML System shares on the WSE will be drawn up: development of a procedure for circulation of confidential information, preparation of information policy of the company, preparation of due dilligence report, valuation of the company, preparation of prospectus, development of investment teaser, investor presentation, execution of audit report on financial statements, offering securities and participation in proceedings before the National Depository of Securities in the field of registration of ML System shares and participation in proceedings before the Warsaw Stock Exchange regarding the introduction of shares to the GW market. In recent years ML SYSTEM S.A. has developed very dynamically. The value of revenues in the last 3 years has increased from PLN 20 million to approx. PLN 50 million, and the value of the assets involved in the activity increased from approx. 30 million zlotys to over PLN 70 million at the end of 2015. The company developed both research activities, most of these research was successfully completed, i.e. new products were created, which are currently commercialised, most of them were applied for patent protection) and production (a manifestation of which is, among others, the most modern factory of printed PV cells in Poland). In the following years, the Company also intends to develop intensively. The total estimated outlays for development (production and R & D activities) are estimated at nearly PLN 80 million. The capital raised will be allocated to

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