Grajewo set maximum price on share issue

Polish chipboard maker Pfleiderer Grajewo has set the maximum price on its planned new share issue at 31 zlotys each, in order to raise up to PLN 1.24 billion, Reuters reported citing the company. Grajewo plans to issue up to 40 million shares with a price range of 27-31 zlotys, compared to their closing price of 26.19 zlotys on Friday, on the Warsaw bourse. The company is aiming to conduct a reverse takeover of its parent company, Pfleiderer GmbH and consequently debut on the WSE later this year.