Dynamic expansion towards the stock exchange

Columbus Elite S.A. Management Board informs that on 9th October 2020 was a party to the investment agreement with the January Ciszewski (the Shareholder), Blumerang Investors S.A. and Columbus Energy S.A. Under the investment agreement the Parties undertake to conduct activities, as a result of which Blumerang Investors S.A. will convene the Extraordinary General Shareholders Meeting to adopt the resolution on increasing the company’s equity from 4.800.000 PLN to 25.000.000 PLN and changing the name of the company from Blumerang Investors S.A to Columbus Elite Global S.A. The parties intent is to conduct this Extraordinary General Shareholders Meeting no later than on 30th November 2020.

As Rafał Kołłątaj said: “We are glad that after the first year of dynamic cooperation with business angels January Ciszewski, Dawid Zieliński and Columbus Energy, we were able to realise next, carefully thought through investment, which may give us the potential for further growth”.

Paweł Bednarek – Columbus Elite S.A. CEO also looks on the decisions hopefully: “Together with Rafał Kołłątaj and Columbus Energy S.A. we planned the acquisition of a controlling stake of Blumerang, as a result of which Columbus Elite S.A. will transfer 100% shares to Columbus Elite Global S.A. (currently Blumerang Investors S.A.). At the same time, we plan further aggregation of other selling industries and consolidation of the professional trader markets which offer renewable energy services and products”.

The shareholders agree that due to public offering the company will be more reliable and transparent. They assume that the Columbus Elite Global operating profit will be used for the solar farms and other renewable energy assets, especially wind farms and the infrastructure for electromobility. The shareholders believe that the Columbus Elite Global investment will be a step which may help to initiate the international expansion process.