GetBack loses potential foreign investor. Approves 20 mln new share issue.

WSE-listed debt collector GetBack saw one of its potential foreign sector investor withdraw from talks regarding share purchase in the upcoming private placement issue. The company is still talking with other three potential investors from Israel, GetBack said in a market filing. Moreover, the company’s EGM approved the issue of 20 million F-series shares in an ex-rights private placement. The price will be set during the bookbuilding process and will be subject to supervisory board’s approval. Previously GetBack said that it plans to raise PLN 300 million from the issue. Shareholders are still to vote on an up to 50 million share issue which will be offered to foreign financial investors, from which GetBack plans to raise PLN 700 million. Furthermore, company’s main shareholder, which holds 60.07 percent of GetBack’s shares confirmed its plan to retain similar stake after the new share issue.