EP plans mid summer zł.100 million share issue

The value of the emission will be zł.100 million. The controlling shareholders capital share is to fall to 50.1%. Up to now, Gloria and Sites International owned 72.7% of the company's shares. The project will be submitted to the Securities and Stock Exchange Commission (KPWiG) at the beginning of June. Some 40% of the income from the emission is to be invested in the firm's working capital and the rest allocated to financing planned acquisitions. "We are considering three potential companies" said Włodzimierz Dyrka, president of EP. According to the president, EP will spend over ten million on the first acquisition and much more on the second. (Puls Biznesu, p. 11) A.M.