BOŚ to raise capital by PLN 400 mln through private placement

WSE-listed lender BOŚ plans to increase its capital by up to PLN 400 million by issuing 40 million V-series shares in a private placement. “It is necessary for the bank to increase its capital given the planned increase of the scale of operations and regulatory capital requirements and the fact that BOŚ is implementing a recovery program,” the bank said in a market filing. The share price will be set by the supervisory board after the results of the bookbuilding process, and the issue will be directed “mainly to existing shareholders,” according to lender’s CEO Bogusław Białowąs, who hopes that it will take place in H1 of this year.