The Board of Directors of PJSC Softline decided

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JSC Softline announced the completion of the placement of an additional share issue initiated in June 2024 to finance the M&A strategy of the group of companies. About 9,000 shares from the additional issue were bought out by current shareholders under the preemptive right. The remaining shares went to the subsidiary Softline Projects LLC, which supplies IT services and solutions for digital business transformation.

to issue additional securities of algeria whatsapp number databa se the company in June 2024 in order to finance the M&A strategy of the group, ensuring its inorganic growth. At that time, Softline reported that in case of successful completion of targeted mergers and acquisitions transactions by the end of 2024, the turnover of the group of companies could reach RUB 135 billion, gross profit - RUB 40 billion, EBITDA - up to RUB 10 billion.

Chief Investment Consultant of Veles Capital Investment Company Dmitry Sergeev is confident in the successful implementation of the planned activities of Softline PJSC: “In the first half of 2024, Softline entered into M&A agreements for a total of RUB 1.18 billion. In January, the group bought 51% of shares in the R.Partner group of companies (Khabarovsk), which deals with IT solutions, with the right to buy out the remaining 49% of shares. In February, it acquired 72.5% of shares in the authorized capital of Robovoys LLC, a developer of a robotic communications platform. In May, the company closed a deal to acquire 100% of shares in Visitech, a developer of occupational safety technologies for production, and also acquired 75% of shares in MD Audit, a developer of IT systems for retail chains. In May, it acquired Business-Standard LLC (100% of shares), which deals with information security. In August - 51% of shares in Sitek LLC, a developer of open source systems, with the right to buy out the remaining 49%. Thus, taking into account all these acquisitions and taking into account that the fourth quarter is the strongest for IT solution developers, we can say that Softline is aggressively moving towards achieving its intended financial goals, taking into account the previously announced acquisitions."

"The additional issue of shares that we announced to the market in June 2024, as originally announced, was intended for repurchase by our subsidiary in order to use these shares to finance M&A transactions. At the same time, all current shareholders had the opportunity to exercise the preemptive right to repurchase in order to retain a stake in the company, and other investors - to participate in the repurchase of the issue by open subscription," said Alexandra Melnikova, Director of Investor Relations at Softline PJSC.