IPO of Smart Organic AD

Smart Organic AD is the largest producer and distributor of organic food and beverages in Bulgaria and among the leaders in Europe. The company produces organic food and raw bars Roobar, organic cookies under the brands Kookie Cat and Rookies, organic products under the brand Dragon Superfoods, different nut tahini, vegan burgers under the brand Reburger, salty snacks Bett'r and basic foods under the brands Bio Class and Smart Organic.

Products of the company's various brands are exported to over 60 countries, with the largest export markets being Germany, Switzerland, the Scandinavian countries, Belgium, the Netherlands, Luxembourg, Spain, France, Romania and the Middle East. The group also operates its own chain of organic stores under the Zelen (Green) brand, together with the online store zelen.bg.

The company's mission is to make healthy organic food delicious and accessible to all. Smart Organic is certified to the highest international quality standards.

In connection with quotation step of the capital increase emmision of Smart Organic AD, ISIN code BG1500005217, set to BGN 0.10 by a decision by the Financial Supervision Commission, by letter ref. № RG-02-1-226 dated 02.11.2021, on 2.11.2021, the Issuer has prepared an Additional Admission Document, which adjusted the minimum price per share, in accordance with the quotation step determined by the FSC and within the limits set by a decision of the General Meeting of Shareholders of Smart Organic AD dated 14.10.2021., range of the issue value of one share from the increase of the capital of the Company. After the adjustment, the minimum price per share in the current offering is set at BGN 15.30.

Smart Organic AD plans to raise additional capital of EUR 3 million through an initial public offering on the growth market of the Bulgarian Stock Exchange (BSE) - BEAM. The funds are planned to be used for the purchase of a German competitor and for the construction of a new production plant.

How to participate in the initial public offering of Smart Organic AD shares?

•  Step 1: Conclude a brokerage agreement with Karol AD in person in any of the following offices or remotely, without visiting our premises personally, by just filling out the account opening registration form which is available on our web-site: 

OPEN ACCOUNT

• Step 2: Your account setup application will be checked by our Compliance department. You will receive an email with request for additional documents/info in case of any missing or incomplete data. If everything is OK with your application, we will send you an email with instructions how to fund your brokerage account;
• Step 3: Fund your account in order to acquire shares of Smart Organic AD. Karoll AD’s bank account is indicated in the brokerage agreement;
• Step 4: Place an order to participate. Type of orders:

- Limit order – contains number of shares and price within the defined price range;

- Market order – contains the total amount in BGN for which the investor would like to subscribe new shares at the determined uniform issue price within the price range.

• Step 5: Karoll AD will send you confirmation regarding the acquired shares and the achieved auction price if your order is executed;
• Step 6: The acquired shares will be available for trading approximately 1 month after the successful completion of the capital increase subscription procedure.

For more information please don't hesitate to contact us with any questions by phone at +359 2 4008 250 or by email at broker@karoll.bg.

Smart Organic in the media:

• Bulgaria's Smart Organic to seek 3 mln euro in Sofia IPO (SeeNews.com)

• Smart Organic plans Sofia IPO to fund purchase of German competitor (Intellinews.com)