Gekoplast to debut on WSE on May 11

Polish plastic products manufacturer Gekoplast is debuting on the main market of the Warsaw Stock Exchange on Wednesday, May 11, the bourse informed. In March, the Polish Financial Supervision Authority (KNF) approved a prospect by Gekoplast, which is set to move from the NewConnect market to the main WSE market without the issue of new shares. "The WSE debut will not be accompanied by the issue of new shares, in line with the will of shareholders. We are able to grow using our own funds and loans, and the current share price doesn't reflect the value of the company," said Piotr Górowski, the CEO. Gekoplast is a producer of polypropylene cellular and solid boards. Last year, the company had PLN 86.4 million in revenues and a net profit of PLN 6.3 million.