BOS issues shares to fund new strategies

"We hope that the shares will be taken by our current shareholders, national and voivodship environmental protection funds," said Jerzy Pietrewicz, president of BOS. "We also intend to direct the shares at some short listed state treasury companies." While refusing to name names, Pietrewicz suggested that these may include current clients such as energy sector representatives. For the time being there will be no additional share issue for the bourse, but eventually about 15% of shares should be freely traded. "First we want to show that our strategy is good and that its execution is bringing about results," said Pietrewicz. "I believe that they might be visible already in the middle of 2007. This will help investors make a better valuation of the company." The new strategy focuses on higher financing of environmental protection and eventually, half of the company's assets should originate from this segment. BOS will also focus on handling some retail clients while it concentrates on local governments and communes. (Puls Biznesu, p. 13) M.M.