News
Successful technical handover of the new Jaguar and Land Rover showroom on Váci út
The region’s newest Jaguar and Land Rover dealership and service center will open in January, following the successful technical handover of the showroom located at Váci út 76-80. Starting from the beginning of next year, the two iconic British brands represented by AutoWallis in Hungary and eight other countries in the region will be available to customers in a complex of more than 2,200 square meters, where construction paired the highest level of customer service with the requirement of sustainable operations.
2021.11.25.
Read moreAutoWallis business developments expected in a value of HUF 16-38 billion
AutoWallis’s new shares are available for trading in the Premium category of the Budapest Stock Exchange starting today, after the successful closure of the public offering process. The public offering of HUF 10 billion goes a long way in supporting AutoWallis Group’s goal of using the received amount to implement business developments and acquisitions in a value of HUF 16-38 billion, which help the company in becoming a major vehicle trading company and mobility service provider in the Central and Eastern European region by the end of the decade.
2021.11.24.
Read moreAutoWallis public offering successfully closed with double oversubscription
AutoWallis’s public offering was closed on Tuesday with success surpassing all expectations. Compared to the HUF 6-8 billion originally planned, retail and institutional investors submitted subscription applications totaling more than HUF 17 billion in the announced price range of HUF 107-122. Both retail and institutional investors will acquire shares of the automotive company of the Budapest Stock Exchange for an issue price of HUF 117, located in the top third of the price range. To accommodate part of the oversubscription, AutoWallis increased the upper limit of the planned issue from HUF 8 billion to HUF 10 billion. As a result of the regrouping, the newly issued shares were available to retail investors and to institutional investors in a total value of HUF 2.5 billion and HUF 7.5 billion, respectively, with significant amounts of demand still unmet among subscribers at this price point. The significance of the offering is shown by the fact that subscription of this magnitude has not been seen on the Budapest Stock Exchange for more than 10 years.
2021.11.11.
Read moreTwo days left of the institutional subscription for AutoWallis shares
The public offering of AutoWallis shares will be closed on Tuesday: institutional investors can submit their final auction sheets for AutoWallis shares at OTP Bank until 6:00 pm tomorrow. Institutional investors can purchase shares for the same price of HUF 107-122 as for retail investors, with the final issue price determined jointly by AutoWallis and the lead-manager within the price band after the book-building has been closed. As widely known, retail subscription was closed after three days as interest far exceeded expectations: the submitted subscription applications were almost double the maximum amount originally offered to retail investors.
2021.11.08.
Read moreThe institutional subscription for AutoWallis shares is now underway
Starting today, institutional investors can submit auction sheets for AutoWallis shares to OTP Bank. The auction lasts until November 9, with the total of HUF 5-6.5 billion in shares available at the same price of HUF 107-122 as for retail investors. The final issue price for shares of the automotive company of the Budapest Stock Exchange will be determined jointly by AutoWallis and the lead-manager within the price band after the book-building has been closed. As widely known, retail subscription was closed after three days as interest far exceeded expectations: the submitted subscription applications were almost double the maximum of HUF 1.5 billion originally offered to retail investors, totaling more than HUF 2.8 billion.
2021.11.02.
Read moreManagers received AutoWallis shares as part of the Employee Share Ownership Plan
As the objectives set for in one of the programs of the 2019 Employee Share Ownership Plan (ESOP) launched by AutoWallis were met, the managers participating in the program became eligible to receive a total of 16.6 million shares. The shares were provided from the ESOP organisation’s 19.9 million shares, as a result of which the organisation’s shares in the Company decreased to below 5%. 24 AutoWallis and subsidiary managers are participating in the first remuneration policy launched in 2019.
