Bio Planet moves from NewConnect to the main floor of the WSE
21:54
On Monday, Bio Planet, a distributor of the highest quality certified organic food, made its debut on the Main Market of the Warsaw Stock Exchange. Since 2015, the company has been listed on the NewConnect market – an alternative trading system of the WSE, whose task is to support the development of small and medium-sized enterprises.
At the opening, the Bio Planet share price reached PLN 27, or 0.75 percent higher than the reference price of PLN 26.80. In the public offering, one of the company's shareholders, Organic Farma Zdrowia, offered up to 702,000 existing shares, and the company – up to 200,000 new series D shares. The value of proceeds from the issue of the company's shares amounted to PLN 5.6 million.
The company will use the acquired funds for the construction and equipment of new packaging plants. The company assumes that new investments will triple the current processing capacity by 2024. The total value of the investment is estimated at PLN 33.3 million.
Today's debutant is the 430th company listed on the WSE Main Market and at the same time the first company on the Warsaw Stock Exchange representing the organic food segment.
