05/08/2024
Press Release
Increase in Share Capital and Reserve Capital by PLN 54,618,000.00 FREEVOLT SPÓŁKA AKCYJNA
Warsaw, May 8, 2024 - FREEVOLT SPÓŁKA AKCYJNA, a joint-stock company based in Warsaw, announces an increase in its share capital worth PLN 54,618,000.00 (fifty-four million six hundred eighteen thousand zloty). The purpose of this decision is to strengthen the company's financial position and enable the realization of ambitious development plans.
Company registration data:
Name: FREEVOLT SPÓŁKA AKCYJNA
Legal form: Joint-stock company
Headquarters: Poland, Mazowieckie province, Warsaw district, Warsaw municipality, Warsaw
Address: ul. Aleja Jana
Increase in Share Capital:
The Management Board of FREEVOLT SPÓŁKA AKCYJNA decided to increase the share capital from PLN 100,000.00 (one hundred thousand zloty) to PLN 10,100,000.00 (ten million one hundred thousand zloty), i.e., by PLN 10,000,000.00 (ten million zloty).
The share capital is increased by new assets with a total value of PLN 54,618,000.00 (fifty-four million six hundred eighteen thousand zloty). Of this:
- PLN 10,000,000.00 will be allocated to cover the share capital,
- PLN 44,618,000.00 will be included in the reserve capital (agio).
Purpose of the Increase:
The increase in share capital and reserve capital aims to strengthen the company's financial situation and enable the implementation of the development strategy through:
1. Investments in new technologies: Development of innovative solutions in the renewable energy sector.
2. Infrastructure expansion: Expansion of the sales network and improvement of logistics.
3. Strengthening market position: Increasing market share domestically and internationally.
Key Development Initiatives of FREEVOLT SA:
1. Photovoltaic Farm: Development of its own photovoltaic farms using graphene technology, emphasizing innovation and increasing the company's self-sufficiency.
2. Sales Network Expansion: Geographical expansion through the development of the sales network and hiring new sales representatives.
3. Supply Chain Optimization: Accumulation of products in warehouses in Europe and the USA, minimizing delivery time and improving customer relations.
4. FreeHeat Heating Foils: Promotion and commercialization of FreeHeat heating foils, leveraging the growing demand for energy-efficient heating solutions.
Łukasz Nowiński
President of the Management Board
FREEVOLT SPÓŁKA AKCYJNA
ul. Aleja Jana, 00-867 Warsaw
E-mail: [email protected]