Comp Rzeszów waits for shareholders to give green light for new share issue

The acquisition budget will be over zł.60 million. The takeovers will be partly financed from capital raised in a share issue. The IT firm is now waiting for its shareholders' permission to increase the capital. The decision will be made on October 7. The value of the offer will be over zł.40 million. The subscription will start in November. Comp Rzeszów will then start to acquire majority stakes in two domestic ERP producers, whose combined projected 2005 revenues amount to zł.28 million. The acquisitions in Slovakia will be realized through the company's subsidiary Asset Soft. The 2005 turnover of the foreign companies is estimated at zł.45 million. Comp Rzeszów group will not end its investments on these four projects. "We want the Czech Republic to become the third strong pillar of our group. We plan to buy there a medium size IT company," revealed Adam Góral, Comp Rzeszów's president. (Parkiet, p. 5) A.F.