J.W. Construction prospectus approved

The Polish Financial Supervision Authority has approved the issue prospectus of developer J.W. Construction Holding. The company, listed on the Warsaw Stock Exchange since 2007, plans the issue of C series shares. The developer has set the issue price at PLN 3.15 per share. Mercurius Dom Maklerski and Ipopema Securities are the brokers of the offering. The company earlier said that it would like to raise PLN 140 million from the share issue. The proceeds will be used to finance or refinance its real estate projects and to refinance debt.