JW Construction to issue up to zl. 100 million

This year, probably at the end of the third quarter, investors will have a chance to purchase shares and bonds in Warsaw-based property developer JW Construction. "We plan to gain between zl. 90 million and zl. 100 million from public emissions of our shares and convertible bonds, with the money to be spent on future investments," said the company's financial director, Ryszard Musiol. JW Construction wishes to allocate its shares to CeTO, a regulated unlisted securities market, and at the end of 2002 applied to the Securities and Stock Exchange Commission (KPWiG) for formal consent. A decision is expected from KPWiG at the beginning of February. However, before the planned entry to the Warsaw bourse, JW Construction wants to issue 5 million shares to be sold to the present owners. (Parkiet, p. 3) K.Z.