Cormay issues up to 7 million shares in private offer

The shareholders of PZ Cormay decided on Tuesday to issue up to 7 million series M shares through private subscription excluding pre-emptive rights, the company announced in a statement. The General Assembly also adopted a resolution regarding the issue of up to 3.86 million N series shares to be allocated to the implementation of the incentive program for the company's management. The issue price of series M shares cannot be lower than PLN 1 per share. Cormay Group is an IVD group of companies, from Switzerland and Poland developing and manufacturing high-quality diagnostic reagents and advanced laboratory equipment.