This material is for promotional purposes only. This public offering does not require prospectus.
SHAREHOLDERS (4347)
OFFERING DOCUMENTS
Discussion
  • 3,877,275.83 PLN raised capital
  • Project
    finished
  • 4347 shareholders
  • 4,002,000 PLN share issue objective
  • 35.15 % equity on offer
  • 0.23 PLN share price
  • 17,400,000 no. of shares
  • 22.01.2019 end date
  • FLEXIBLE offer type

The Browar Jastrzębie team is a group of experts in different fields with a common passion for brewing beer. Our brewery develops along with the rapidly growing market for craft beer.

We need additional capital to take full advantage of the potential of our company while you get a bonus in the form of tasty beer and profit on your shares. Join the craft beer revolution, invest in Browar Jastrzębie!

MEET THE BREWERY FOUNDERS IN REAL LIFE

ONLINE webinar #6
15.01.2019 (Tuesday) 6:00 p.m.
Meeting - Jastrzębie Zdrój
17.01.2019 (Thursday) 6:30 p.m.
ONLINE webinar #7
21.01.2019 (Monday) 6:00 p.m.

ADDITIONAL BENEFITS

By investing in Browar Jastrzębie you get a chance to join the group of investors gaining profits from the dynamically growing market for craft beer and become a part of the brewing community focused around the brewery. Building the value of an enterprise is an extended and arduous process, but you can enjoy additional benefits resulting from being a shareholder of the company right now. See what benefits we have prepared for our investors!

From PLN 50 (min. 218 shares)

INVITATION TO THE GENERAL ASSEMBLY OF SHAREHOLDERS

  • participation in the General Meeting
  • Access to a closed group for our investors on Facebook
  • participation in selecting the kind of beer which is brewed annually for the General Assembly

From PLN 100 (min. 435 shares)

BEERMATS AND STICKERS PACKAGE

  • the benefits of the previous package
  • a set of unique Browar Jastrzębie stickers
  • limited edition Beermats

From PLN 200 (min. 870 shares)

BOTTLE OPENER AND A DISCOUNT PACKAGE!

  • includes the benefits of the previous packages
  • bottle opener in the form of the shareholder's card
  • discount for purchases at the brewery and in the future store etc.

From PLN 500 (min. 2174 shares)

MALT SAMPLES PACKAGE

  • includes the benefits of the previous packages
  • brewing instructions from Browar Jastrzębie
  • samples of malts from Browar Jastrzębie

from PLN 1000 (min. 4348 shares)

SMALL BEER GEEK PACKAGE

  • includes the benefits of the previous packages
  • first and last name of the honorary investor on a special plate at the brewery
  • invitation to the opening of the brewery
  • limited edition bag for 6 beers
  • the signet of Browar Jastrzębie - a beer opener

from PLN 5000 (min. 21740 shares)

MEDIUM BEER GEEK PACKAGE

  • includes the benefits of the previous packages
  • medium home brewing set
  • a set of ingredients for brewing Browar Jastrzębie beer

from PLN 10 000 (min. 43479 shares)

CERTIFIED TRAINING COURSE PACKAGE

  • includes the benefits of the previous packages
  • training course and participation in the brewing process at Browar Jastrzębie
  • a case of beer which you personally brew
  • a brewer certificate

from PLN 20 000 (min 86 957 shares)

LARGE BEER GEEK PACKAGE

  • includes the benefits of the previous packages
  • large home brewing kit
  • a set of ingredients for brewing Browar Jastrzębie beer

from PLN 100 000 (min. 434 783 shares)

YOUR OWN BEER BRAND

  • includes the benefits of the previous package
  • your own brand of beer
  • your own labels on the whole production batch

ABOUT OUR BEER

We make different styles of beer, we experiment with different ingredients to draw the best taste out of every bottle. We brew beer using only highest quality materials. Our product is always made with traditional brewing methods, with no additives which would lower the cost of production. We make the beer the way we like to drink it.

PRODUCTION TO DATE

Month: May 2018

Name: Inwestorskie

Number of bottles (0,5l): 1700

Number of kegs (30l): 0

Total production: 850 l

Month: July 2018

Name: Pils

Number of bottles (0,5l): 1360

Number of kegs (30l): 10

Total production: 980 l

PLANNED PRODUCTION

Month: October 2018

Name: Pils

Number of bottles (0,5l): 1400

Number of kegs (30l): 10

Total production: 1000 l

Month: August 2018

Name: Mozaika (Mosaic)

Number of bottles (0,5l): 1180

Number of kegs (30l): 14

Total production: 1010 l

PLANNED PRODUCTION

Month: November 2018

Name: Mozaika (Mosaic)

Number of bottles (0,5l): 1400

Number of kegs (30l): 10

Total production: 1000 l

Month: August 2018

Name: Pszenica (Wheat)

Number of bottles (0,5l): 1200

Number of kegs (30l): 12

Total production: 960 l

PLANNED PRODUCTION

Month: October 2018

Name: Pszenica (Wheat)

Number of bottles (0,5l): 1400

Number of kegs (30l): 10

Total production: 1000 l

Month: September 2018

Name: Belgian IPA

Number of bottles (0,5l): 1180

Number of kegs (30l): 12

Total production: 950 l

Month: September 2018

Name: Double IPA

Number of bottles (0,5l): 1180

Number of kegs (30l): 12

Total production: 950 l

Month

: September 2018

Name: Trzy zboża (Three Grains)

Number of bottles (0,5l): 1180

Number of kegs (30l): 12

Total production: 950 l

PLANNED PRODUCTION

Month: October 2018

Name: Hoppy Lager

Number of bottles (0,5l): 1400

Number of kegs (30l): 10

Total production: 1000 l

HISTORY OF THE COMPANY

Below we present the brief history of our company. We hope that together we can write further chapters.

  • May 2013

    Gold Medal during a Home Brewing Competition (Konkurs Piw Domowych) for our first beer - Jastrzębskie Trzy Zboża (Three Grains)

  • August 2014

    Foundation of Jastrzębska Akcja Piwowarska (Jastrzębie Beermaking Movement) - the association of more than a dozen of homebrewers from Jastrzębie-Zdrój and the surrounding towns.

  • February 2016

    Brewing of our first beers at the JAP contract brewery: Jastrzębska Mozaika, Jastrzębski Poranek, Jastrzębskie Trzy Zboża

  • April 2016

    We found a location for our own brewery - Browar Jastrzębie

  • January 2018

    Beginning of the non-public offering of Browar Jastrzębie shares.

  • October 2018

    Beginning of the public offering of Browar Jastrzębie shares in cooperation with Beesfund.com

OUR FUTURE PLANS?
BUILD A BREWERY

The main purposes for which we plan to spend 87.5% of the funds raised through this public offering of shares are the construction of the brewery and purchase of the necessary equipment. We’ve made our first steps in order to achieve this goal. The company already owns the land on which we will build our facilities, along with the initial architectural plans and a visualization of the project. We plan to complete the investment in Q2 2019.

WHAT WE PLAN TO BUY WITH THE FUNDS WE RAISE:

CONSTRUCTION OF THE BREWERY

By starting the construction from the ground up we can build an energy-efficient brewery in accordance with the strictest principles of ergonomics. In designing the brewery we have put particular emphasis on designing a modern, low-emission building. The fully automated machine park will enable us to:

  • brew beer 24/7,
  • perform decoction mashing,
  • brewing white label/private label beers,
  • brewing short series of beers, according to customer requirements,
  • production of non-alcoholic beverages with the taste of beer.

The building will include a conference room of 60 sq. m. where we will organize events for external clients, investor meetings and beer tasting. In the future, we will diversify our operations, by organizing tours of the brewery and training courses for brewers. We will develop a network of distribution channels, starting with our own multi-tap pub, where we will offer fresh Browar Jastrzębie beers. Within several years we plan to create a wholesale business serving the area of the entire voivodeship.

THE LOCAL COMMUNITY

One of our goals is to create a local community focused around Browar Jastrzębie. We will establish a close cooperation with the local football club - GKS Jastrzębie for which we will brew stadium beer and we will release a limited series of beers for the fans of the Jastrzębie-based team. Investors from other parts of the country will also take an active part in the life of the company by participating in the annual general assembly of shareholders where they will have the opportunity to taste a kind of beer if their choosing.

PRODUCTION AND DISTRIBUTION

Browar Jastrzębie offers 7 different kinds of beer. Aside from the production based on the recipes of our own master brewers, the company will produce contracted batches for other beer brands which do not have their own brewing infrastructure. First contracts with such beer brands have already been signed. Thanks to additional contracts we will be able to fully use our means of production and optimize our costs.

“Browar Jastrzębie will stand ground on not two, but three legs. First will be the beer we make ourselves, second will be the production for contracted brands, small brewing initiatives without their own brewing capabilities. The third leg will be white label production. We can make your beer according to your own recipe, which will be bottled with your own labels.”

- says Aleksander Kiebiel, member of the Browar Jastrzębie S.A. Supervisory Board

MARKET ANALYSIS

The beer revolution has already begun. The market for craft beers in Poland is undergoing a real boom in recent years. Statistics don’t lie. In the coming years, this sector will be one of the fasters growing segments of the food&beverage industry.

PRODUCTION OF BEER AND THE NUMBER OF BREWERIES

Despite the popularity of craft beer in Poland, the Polish beer market is still mostly centralized. Beer manufacturing statistics show that Poland is the 3rd beer manufacturer in Europe, following only the two global beer superpowers - the UK and Germany. The proportion of the amount of beer manufactured to the number of active breweries is very surprising when compared to other European countries.

Żródło

And so, by correlating data regarding beer production and the number of breweries, we can see that Polish beer makers manufacture twice as much beer per annum, despite the fact that the number of breweries in the country is only half of the number of breweries in the country of our southern neighbors, the Czechs. In the UK, a similar amount of beer is brewed in ten times as many breweries! Analysts predict a rapid growth of craft beer manufacturers in the coming years. The number of breweries may even rise above 800.

Number of active breweries 2011 - 2016

Country 2011 2012 2013 2014 2015 2016
Germany 1,347 1,340 1,349 1,352 1,388 1,408
Great Britain 948 1,300 1,490 1,700 1,880 2,250
Poland 117 132 155 133 150 210
Spain 88 132 221 332 427 483
Netherlands 125 165 n/d 263 320 400
France 442 503 580 663 793 950
Belgium 123 150 160 168 199 224
Source

DECENTRALIZATION OF THE MARKET

Polish consumers only recently began to appreciate different tastes in beer. In recent years consumption of beer in Poland was quite stable, oscillating at about 98-99 liters per person. But the preferences of consumers of the golden beverage seem to change. They are more open to new tastes and brand is no longer as important as the type of beer which they choose. Statistics don’t lie, the number of new kinds of beer offered by manufacturers increased three times between 2014 and 2017.

Source

Each year about 50 new beer manufacturing initiatives arise in the Polish market and in 2017 there were about 210 active breweries. Looking at the most mature beer markets, experts predict, that the trend for decentralization of the beer market is going to become stronger and the market share of craft beer in total beer sales is going to grow from 0.5% to 6% throughout the next decade.

Source

OUR TRUE STRENGTH ARE THE PEOPLE

Our team is composed of professionals, joined together by a common passion - beermaking. Get to know us better!

MANAGEMENT TEAM

Piotr Piekarski prezes zarządu

PIOTR PIEKARSKI

CHAIRMAN OF THE MANAGEMENT BOARD

Main shareholder and Chairman of the Board of the accounting office ACARTUS S.A. - a Warsaw Stock Exchange New Connect traded company. In 2013-2016 he was the Treasurer of the Polish Association of Home Brewers.

He has extensive experience in the scope of tax law, commercial law and raising capital. He worked at the JAP Contract Brewery. Home brewer. He made more than 80 own batches of beer.

Jerzy Jelonek

JERZY JELONEK

VICE CHAIRMAN OF THE MANAGEMENT BOARD

Real estate management, tax, and accounting expert.

An entrepreneur since 1990 with experience in managing retail sales networks and construction projects for the retail and services industry.

Leszek Łaskawski

LESZEK ŁASKAWSKI

CHAIRMAN OF THE SUPERVISORY BOARD

An entrepreneur since 1989, acting Chairman of the Management board in several companies since 2005.

He has extensive experience in commercial law, the Code of Commercial Companies and management in joint stock companies.

Aleksander Kiebel

ALEKSANDER KIEBEL

MEMBER OF THE SUPERVISORY BOARD

Manager with many years of experience in the financial industry, working in positions of the Sales and Development Director.

He managed the sales network of 230 employees in 65 SKOK branches throughout Poland. An investor in the real estate market.

Currently, he manages a portfolio of rental apartments of a market value of about PLN 5M.

Mariusz Kaletka

MARIUSZ KALETKA

MEMBER OF THE SUPERVISORY BOARD

For many years he has created sales strategies and structures, among others, for Telefonia Reionalna and PTK Centertel.

Member of the boards of several companies. Since 1992 he manages his own business consulting company.

He holds extensive experience and knowledge necessary for building a sales network for a brewery.

BREWERS

Mieczysław Franc

MIECZYSŁAW FRANC

BREWER

A homebrewer with the experience of a technologist and process engineer. More than 50 batches of beer in his account, different styles of beer. From the classic pils, through porters and ending with experimental beers. He has worked in the Weingut Huber winery and at the Contract Brewery of Jastrzębska Akcja Piwowarska (JAP).

Rafał Polok

RAFAŁ POLOK

BREWER

A homebrewer since 2014, made over 200 batches of beer. Member of the Polish Association of Home Brewers, laureate of numerous beer brewing competitions, including Cieszyn, Warmia, and Łódź Home Brewing Competitions. He has worked in the Contract Brewery of Jastrzębska Akcja Piwowarska (JAP).

Hieronim Rajwa

HIERONIM RAJWA

BREWER

Brewing beer since 2011, made over 80 different styles of batches of beer. He has worked at the Contract Brewery of Jastrzębska Akcja Piwowarska (JAP). Since September 2013 he is a member of the Polish Association of Home Brewers.

ABOUT US IN THE MEDIA

Take a look at what the press says about us

FAQ

Frequently Asked Questions

Valuation of the company is composed of several elements including both tangible and intangible assets. Browar Jastrzębie is managed by a team of professionals with vast experience in running business enterprises. Their experience combined with an excellent knowledge of the local structures helped to build a broad network of potential business partners. Poland is currently the third largest manufacturer of beer in Europe, following only the two global beer superpowers - Germany and the United Kingdom. The market for craft beers is one of the most dynamically developing markets, not only in Poland but in entire Europe. Our valuation is based on cash-flow compared with the competition and the valuation of the market in which they operate.

  1. Quality and experience of the team, all shareholders have vast experience in managing companies and their own businesses.
  2. They have good relations with potential partners, they know the market in which they will operate as Browar Jastrzębie.
  3. The market for craft breweries is a young market with particularly high potential for growth.

Valuation of cash-flow compared to the competition and the market in which they operate. Young, high-potential market. Rapidly growing and large market (Poland is the 3rd manufacturer of beer in the world).

By buying shares in Browar Jastrzębie you purchase shares in a company at a very early stage of development. The market of young companies and startups is different from other markets in a way that when the companies grow, their shares also significantly gain value, sometimes by a multitude of their initial valuations.

Yes - according to the law you can sell your shares as you wish, at any price you choose.

Share ownership does not impose any obligations on the owner. Once a year you will receive an invitation to the General Assembly of Shareholders.

Yes - we cooperate with Beesfund.com, an experienced platform which runs similar campaigns and a law firm, which takes care of all the formal issues. Most importantly, the public offering campaign has been registered with the Financial Supervision Commission (KNF).

Yes, there are many breweries in the world which have gained funding through the mechanisms of equity crowdfunding. The UK bears the leading position in crowdfunded beer making - that’s where such breweries as BrewDog, the most known case of a brewery financed by a community of investors, came to be. In similar campaigns, they have gathered 22 millions of Pounds! Another case is Stone Brewing which raised 2.5 Million Pounds. In the Polish market, there are examples such as Inne Beczki - a brewing company which conducted a similar campaign through Beesfund several years ago. Today they are making beer in their own brewery! All this was made possible through equity crowdfunding.

Yes, we plan to pay dividends. We want our Shareholders to create a community around the brewery, to make this happen we have made the decision to pay as much of the annual profits as possible in the form of dividends to our shareholders. Our goal is for our shares to become a good alternative to long-term bank deposits, generating a constant profit and reliable income.

If we do not raise all of the necessary funding in this campaign we plan to launch another campaign based on the so-called investment tokens, a.k.a. blockchain tokens, but at this stage of our activity we are focusing on the crowdfunding campaign.

Regardless of how we manage to gather funding, with the amount of e.g. PLN 2M we can also begin the construction of our brewery, but we will have to support the business with additional sources of funding, e.g. a bank loan, leasing for the equipment, re-leasing of the building which we already have and are renovating or gaining a strategic investor. At this time we are not considering any of the alternative sources, as we plan to raise the full PLN 4 Million.

Discounts will apply to any purchases made in our future internet store, and the brick and mortar store which we will open next to the brewery, in partner stores and during events and fairs, where we will display our goods as well as in our BeerTruck - in this respect 2019 will be a very intense year. We will try to be everywhere where it makes sense to be where something interesting is happening. We’re sure you’ll find us somewhere.

The value of the discount depends on the products the Investor buys - we will offer a different discount for our tee-shirt and a different discount for the Beer Geek Package, or for ready-made beer. We would like the discounts to begin at 15%.