Gekoplast to move to WSE from NewConnect

The Polish Financial Supervision Authority (KNF) has approved a prospect by Gekoplast, which is set to move from the NewConnect market to the main WSE market in April, 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. Last year, the company had PLN 86.4 million in revenues and a net profit of PLN 6.3 million. Gekoplast is a producer of polypropylene cellular and solid boards.