Primostar Group AS (register code 17056111, Männiku tee 104a, 11216, Tallinn, Estonia, hereinafter Primostar) hereby announces the initial public offering of its shares. The offering is based on the company description drafted by Primostar that is available on the Primostar website: https://www.primostar.eu/investors-page. As the total amount of the offering is below EUR 8 million, no public offering prospectus is drafted or published. Shares are publicly offered only in Estonia, Latvia and Lithuania and not in any other jurisdiction.
Comment of the member of the management board of Primostar, Indrek Uusalu:
“Primostar Group has developed and patented an innovative environmentally sustainable solution in the field of waterproofing of underground reinforced concrete structures. We offer a modern environmentally sustainable alternative to the commonly used membrane waterproofing, which lowers CO2 emissions up to 95%, which is up to two times cheaper and takes approximately five times less time to install.
The product WPM®, that has been patented by Primostar, is already successfully used in Estonia and in neighbouring countries, where sales volumes show continuous growth. Our goal is the global construction market and in order to expand to international markets we want to raise capital and apply for admission of the group’s shares to Nasdaq First North Baltic List.“
Overview of the main conditions of the offer:
Up to 180,000 shares are offered publicly, but Primostar reserves the right to increase the total amount by 22% i.e. up to 220,000 shares.
The estimated total net revenue of the offer is approximately EUR 967,000, in case of over-subscription and increased number of shares offered, up to EUR 1,193,000. Primostar intends to use the funds raised via the public offering to increase production capacity and product quality, improve processes and expand into new markets. More specifically funds are used for certification of production processes and products, partial renovation of the production building, developing products and production processes, participating in international trade fairs and entry into Polish, Finnish and Swedish markets and increasing market share in Latvian and Lithuanian markets.
The offer is directed at all Estonian, Latvian and Lithuanian retail and institutional investors.
Primostar has submitted an application for admission to trading of all its shares (including the shares offered during the public offering) on the Multilateral Trading Facility First North operated by Nasdaq Tallinn AS.
Offering period, during which time the shares can be subscribed, begins on 20 May 2025 at 10:00 and ends on 30 May 2025 at 15:30 (Estonian time).
The price per one share offered is EUR 5.65, from which EUR 0.5 is the nominal value of the share offered and EUR 5.15 the issue premium. Only integer number of shares can be subscribed for.
Investor wishing to submit a subscription order must contact the account operator which operates its Nasdaq CSD securities account.
Important dates:
The below timeline specifies the most important dates related to the offer.
| 20 May 2025 at 10:00 | Start of subscription period |
| 30 May 2025 at 15:30 | End of subscription period |
| On or about 2 June 2025 | Primostar announces the results of the offer |
| On or about 4 June 2025 | Settlement of the offer (new shares are transferred to the investors and payment for the shares) |
| On or about 5 June 2025 | First day of trading on First North |
Form of subscription order:
| Securities account holder: | [investor name] |
| Securities account: | [securities account number of the investor] |
| Account operator: | [investor’s securities account operator’s name] |
| Security: | PRIMOSTAR GROUP AKTSIA |
| ISIN-code: | EE3100152224 |
| Quantity of securities: | [number of shares that the investor wishes to subscribe] |
| Price (per share): | 5 euros and 65 cents |
| Transaction price: | [number of shares that the investor wishes to subscribe multiplied by the price per share] |
| Counterparty: | AS LHV Pank |
| Counterparty’s securities account: | 99104086627 |
| Counterparty's securities account manager: | AS LHV Pank |
| Type of transaction: | subscription |
| Settlement type: | delivery versus payment |
Before investing in the shares of Primostar we advise you to acquaint yourself with the company description in full and, if needed, consult with an expert.
Additional information:
Indrek Uusalu
Primostar Group AS member of the management board
Tel: +372 518 5062
E-mail: indrek@primostar.eu
Primostar Group AS is a holding company founded and operating in Estonia, which operates through its subsidiaries in the field of waterproofing underground structures.
Important information:
This notice is an advertisement for securities within the meaning of the Regulation No 2017/1129/EU of 14 June 2017 of the European Parliament and of the Council European Parliament and does not constitute an offer to sell the shares of Primostar or invitation to subscribe to the shares of Primostar. Before deciding to invest we ask the investors to acquaint themselves with the Primostar company description and if needed consult with an expert. Decision to invest in the shares of Primostar should be based only on the information presented in the company description of Primostar.
The information contained in this notice is not intended to be published, distributed or transmitted, in whole or in part, directly or indirectly, in the United States, Canada, Hong Kong, Japan, Singapore, South Africa, or in any other country or circumstance where publication, sharing or transmission would be unlawful. Primostar shares will be publicly offered only in Estonia, Latvia and Lithuania and the sale or offer of the shares shall not take place in any jurisdiction where such offer, invitation or sale would be unlawful without the exception or qualification of law.
Shares are offered solely based on the company description and the offer is intended only for the persons to whom the company description is directed at. The present notice is not reviewed or approved by any supervisory authority, and it does not constitute a prospectus.