Lotos decided upon 55 mln shares issue

The shareholders of Lotos Group, a Polish oil concern, have decided on EGM about the rights issue of additional 55 million shares for the company’s shareholders, Lotos Group informed on Monday. The issue should guarantee PLN 1 billion additional income. The shares will be issued by means of a closed subscription on November 18, 2014. Lotos informed also that the money will be utilized to support further investments. The investments shall increase the company refineries’ complexity and oil output.