Alior Bank sets number of shares and price in rights issue

Alior Bank, a unit of state-owned insurer PZU, will issue 56.55 million new shares priced at PLN 38.9 each in the framework of a rights issue in order to raise PLN 2.2 billion for the financing of the takeover of bank BPH, Alior said. The subscription period will last from May 25 to June 1, 2016. On Wednesday, the financial watchdog KNF approved the lender's prospectus to issue 220 million shares.