Elemental Holding may issue shares

Shareholders of Polish electronic waste recycling company Elemental Holding may decide on issuing 12 million shares to raise some PLN 50 million, Parkiet daily reported. The extraordinary general meeting is scheduled for September 6. The company is planning to spend the obtained money on technological development and acquisitions. Elemental Holding is a  Polish group operating in the recycling and recyclable material trading industry. It runs its operations using recycling facilities located in Poland and Lithuania as well as a net of scrap purchasers distributed all over Poland. The Holding mainly specialises in trading in and processing non-ferrous metals a as well as electronic circuits. The group is listed on the WSE main market.