Subscription to Masterplast shares has started

Shares to be issued now can exclusively be subscribed to at OTP Bank and are available to retail and institutional customers.

Budapest, 5 October 2022- Masterplast Nyrt’s share subscription process has started for retail customers. Masterplast’s growth strategy is based on its rapid expansion of production through greenfield investments and acquisitions. Currently, its markets are supplied by 8 manufacturing plants located in 3 countries (Hungary, Germany, and Serbia), but Masterplast is to open three additional thermal insulation material manufacturing plants next year. The following important step in the company’s growth and future-making strategy is to launch mineral wool thermal insulation manufacturing, which the company plans to finance by capital raising. Therefore, it wishes to raise about 8-10 billion HUF funds by public retail and institutional share sales in October. The energy crisis and meeting climate targets made energy-related modernisation of buildings more urgent; therefore, Masterplast expects a continuous thermal insulation market expansion. 

Share subscription process solely available at OTP Bank and online

OTP Bank is the sole distributor of shares. Retail investors can indicate their interest in subscribing to the shares to be issued in person at the designated OTP Bank branches, online by using OTPdirekt internet banking, or via OTP Bank’s telephone customer service, whereas the private customers of OTP can also do it by informing their private bank advisors. Securities account at OTP Bank is a prerequisite for the share subscription. 

Share subscription period for retail customers

For retail customers, the share subscription period for Masterplast shares to be issued starts at 9:00 on 5 October 2022 and finishes at 14:00 on 14 October 2022. 

Share subscription period for institutions

For institutions, the share subscription period starts at 9:00 on 10 October 2022 and finishes at 18:00 on 14 October 2022.

Hiventures Venture Capital Fund Zrt. – owned by MFB Investment and Asset Management Ltd. – to support Masterplast’s presence in the thermal insulation market, issued a legally binding letter of intent advising on its plan to make an offer for a subscription of 3 billion HUF as a price-taker institutional customer. Széchenyi Venture Capital Fund Management Zrt. – managing company of the Szécheny Venture Capital Fund Management Company – is also considering making an offer for a subscription of 3 billion HUF as a price-taker institutional customer. Terms and conditions of subscription for both above mentioned price-taker institutions are described in the Simplified Additional Information section approved by MFB.

Subscription price range

Masterplast decided on a price range between 4,000 and 4,400 HUF, with the maximum offer of 4,400 HUF for retail customers, provided the amount equal to the amount to be subscribed is available on the person’s OTP Bank account at the time of handing in the Share Application Form. After the institutional share subscription period has finished, the final price will be set mutually within the price range by the issuer and the distributor. If the final price of shares is lower than the maximum share price given, the difference will be reimbursed to the retail investors.

The Masterplast story in short 

Masterplast, founded 25 years ago, is a professional manufacturer of thermal insulation systems and elements improving building energy efficiency. Its products contribute to the sustainable reduction of energy used for heating/cooling buildings while maintaining everyone’s comfort and lifestyle. By reducing energy use, carbon emissions can also be reduced.

 As the biggest Hungarian-owned construction material manufacturer that plays a significant role both in the region and the European markets. The company, having been listed on the Budapest Stock Exchange for over 10 years is currently the seventh biggest public company in the Hungarian market; furthermore, an experienced European player: it owns subsidiaries in 10 countries (Hungary, Germany, Italy, Slovakia, Poland, Romania, Ukraine, Serbia, Croatia, and North Macedonia) and is the second biggest glass fibre manufacturer in Europe. As a manufacturer, the company is an essential supplier to other European construction material sellers in Europe, and due to its exports, it is present in most European markets.

You can now watch Portfolio Klub’s video below about Masterplast’s stock exchange history and the process of share issuing from OTP Bank and Masterplast directors. 

Additional information

All the information in this prospectus regarding Masterplast is based on information provided by Masterplast.

Per Regulation (EU) 2017/1129, this prospectus qualifies as advertising. This prospectus aims to provide all investors with the same regulated information and hence Masterplast Nyrt. (hereinafter ‘Company’) is to provide full transparency, furthermore to comply with regulations (EU) 2017/1129, (EU) 2014/596, and the capital market regulations under Act CXX of 2001 on the Capital Market (Act on the Capital Market). Regarding information in this prospect, the Company published a simplified prospectus related to securities issuance, complying with regulation (EU) 2017/1129 approved by the Hungarian National Bank (MNB), available on the website of the Budapest Stock Exchange, MNB’s website for prospectuses, the company’s website at masterplast-reszveny.hu, and the website of the sole distributor OTP Bank Nyrt. at www.otpbank.hu/masterplast. The MNB approved the simplified prospectus concerning the completeness, comprehensibility and consistency related requirements regulated by regulation (EU) 2017/1129, therefore it cannot be considered as an offer referring to the quality of the Company or its securities. This document is only for informing and awareness-raising purposes. Before making investment decisions, for more details, and the terms and conditions, please carefully read the simplified prospectus on the distribution of shares to the public. Please carefully consider the subject and risks of investment, the related fees and charges, the possibility of making a loss, and find out more about the product and investment-related tax regulations. Any risks emerging from the investment, or from specific unique decisions will be taken by the customer; OTP Bank Nyrt. cannot be held liable for the profitability of investments or the achievement of customer goals. Information published in this document does not qualify as investment advice nor an offer, recommendation, or call for proposal to execute the transaction. Information published in this document does not take into account the individual circumstances of the potential investors, therefore this prospectus exclusively is not an adequate basis for decision-making. Changes in the money and capital market, exchange rates, and trends in investments and their returns are influenced by a combination of several factors, including the significant factor of changes in investor expectations. Each investment carries certain risks, which might affect the profitability of the investment decision, and thus the investor might not receive the expected returns from their investment, or the amount invested, therefore the invested capital may possibly reduce or become completely lost. Share prices constantly change, and immediate selling can be executed on the current exchange rate, which may result in exchange rate losses. In the case of each product and service, please evaluate their tax accounting or other tax-related implications, considering that they can only be concluded under the effective tax regulations and the individual circumstances of the customer, and these circumstances may change in the future.