Yesterday, SPAN shareholders sold 115k shares via accelerated book building for HRK 24.4m at HRK 212 per share. The transaction was executed on the Zagreb Stock Exchange (HRK 23.3m via block and HRK 1.1m OTC). The executed pricing was realized at 5.8% discount compared to yesterday’s closing price.
The transaction value of HRK 24.4m (or EUR 3.2m) was realized at single price of HRK 212 per share which translates into 22.4x P/E and 5.7x EV/EBITDA. To put things into perspective, the executed pricing was realized at 5.8% discount compared to yesterday’s closing price. The result of the accelerated book building process reveals the allocation of the offering. 63% of the offering was allocated to Croatian pension funds, 15% to investment funds, 17% to corporate investors and 5% to private persons.
When looking at SPAN more closely, the company’s share price decreased 0.44% in yesterday’s trading session to HRK 225 per share. As a result, SPAN is currently traded at 23.8x P/E and 6.2x EV/EBITDA.