BOŚ Bank to issue new share worth PLN 300-600 mln

Listed bank BOS will offer between PLN 300 and 600 mln worth of new shares in a non-public offering as it seeks to increase its capital by at least PLN 400 mln to meet increased capital requirements and enable organic growth, BOS said in a market filing, citing positive opinion of the supervisory board to the terms of capital increase presented by the management. "The aim of the management is to raise capital at the level not lower than PLN 400 mln, which will enable the bank organic growth . . . and will enable the bank to meet regulatory capital requirements . . .," the filing read. "The value of the new share issue planned by the bank amounts to PLN 300-600 mln," the bank also said. The final size of the issue will be set at the next EGM slated for end-April.