ABC Data gets green light for PLN 100 million bond issue

The shareholders of WSE-listed IT distributor ABC Data agreed to a bond issue worth PLN 100 million at an EGM with 86.4 percent of votes in favor of the issue. The five-year bonds can be issued within the next two years. The stockholders did not agree, however, to a rights issue of 1.13 million J-series shares and 86,000 K-series shares that were designated for the company’s management and supervisory board as a form of a motivation package. This is the second time this year such a proposal was rejected by the company’s stockholders (the previous one was voted on in July).