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Kapolyi Assists CyBERG with Admission to Trading of Shares on BSE Xtend Market

Kapolyi Assists CyBERG with Admission to Trading of Shares on BSE Xtend Market

Hungary
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The Kapolyi Law Firm has assisted the CyBERG Corp. the owner of Budapest's Kajahu "social digital restaurant chain," with its initial placement of shares on the Budapest Stock Exchange's BSE Xtend mid-market and their introduction to trading.

CyBERG Corp., which was founded in 2015, is the owner and developer of Kajahu, which a press release describes as a "system-gastronomic franchise." According to that press release, "Kajahu is a digital community restaurant chain concept that, through technology and hospitality, is a unique hybrid model on the world market. The rapidly developing company sold franchise rights for five countries in 2018, thus, in the coming years, at least 83 CyBERG Plc. units will open in Slovakia, the Czech Republic, Poland, Austria, and Hungary .... The BSE-listed-company, based on the restaurant network, continuously develops its community mobile services and its own digital platform, thus becoming a data-based technology company in the future."

In accordance with the traditions of the BSE, CyBERG Chairman of the Board Balazs Rozsa and Deputy Chief Executive Officer Erik Szabo started the trading day with ringing an exact copy of the bell of the New York Stock Exchange. Trading started at HUF 1,800 per share, with an initial market capitalization of HUF 5,370 billion based on an earlier private capital increase.

The Hungarian National Bank approved the publication of CyBERG Corp.'s report on October 16, 2018, which was followed by an October 24, 2018 formal change from private limited company to public limited company. CyBERG Corp. registered its shares on the BSE Xtend market on October 19, 2018, and on November 7, 2018 made a private capital increase, including the acquisition of ownership of OTP Fund Management, Generali Fund Management, Equilor Fund Management, Amundi Fund Management, and some investment funds of Accord Fund Management, Uniqa Insurance, and the Horizont Private Pension Fund and the Premium Voluntary Pension Fund.

"CyBERG is a technology growth story," claimed CEO Balazs Rozsa. "The Kajahu chain we launched is a mix of Facebook and McDonald's. Our plan is to create a global technology company that will revolutionize the traditional system of gastronomic business model. We build the central management of the company from the invested capital, start the international sales of the franchise network and develop the digital services of our hybrid model.”

Peter Scholtz, Head of Institutional Sales at UniCredit Bank Hungary Zrt., commented: "Today is a special day, as CyBERG Corp. is the first issuer on the BSE to enter the stock market at a much earlier stage of the corporate growth cycle, compared to companies entering the classic stock exchange, thereby creating a completely new type of investment opportunity for domestic investors. We hope that CyberG Corp.'s example will be guidance for other companies, and those emitters with high growth potential and technology focus will soon appear on Xtend."

The Kapolyi team was led by Managing Partner Jozsef Kapolyi and Senior Attorney Viktor Krezinger.

Picture, from left: Jozsef Kapolyi, Kapolyi Law Firm, Erik Szabo, CyBERG, Balazs Rozsa, CyBERG, and Viktor Krezinger, Kapolyi Law Firm

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