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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.

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.