Exclusive: XTB major shareholder Jakub Zablocki cashes out (another) $194 million
This marks the fourth major XTB share sale by Jakub Zablocki over the past 24 months.
This marks the fourth major XTB share sale by Jakub Zablocki over the past 24 months.
The share sale took Jakub Zablocki’s holdings in XTB down below 50% for the first time, from 50.9% prior to the sale to 43.78% currently.
Jakub Zablocki plans to sell 8.4 million XTB shares, which would take his stake in XTB from 50.9% currently to 43.78%.
The share price for the sale was at a fairly steep (12.3%) discount to XTB’s closing price on Monday of PLN 46.78.
The share sale takes Jakub Zablocki’s ownership stake in XTB down to 61.02%, from 66.99% before the sale.
Following the sale, Jakub Zablocki’s XX ZW Investment Group will continue to hold 71.63 million XTB shares, worth about $675 million.