Matrix.pl and Zetkama get the KPWiG go-ahead for bourse debuts

Matrix.pl is an IT integrator and software producing company whose capital amounts to zł.1.5 million and is divided into the same number of shares. The IPO will consist of 220,000 shares that will be sold via the intermediary Brewi-Consulting fund. The company will also issue 200,000 new shares. The funds raised from that issue would be spent on developing its financial and accounting software system. Since April 2003 to March 2004 Matrix.pl posted zł.96.4 million in revenues and zł.7.8 million in net profit, against zł.89.9 million and zł.600,000 in the previous year respectively. Kłodzko based Zetakama produces industrial armature. Its capital is zł.610,000. Its largest shareholder is Central Europe Valves, which holds over 80% of the votes at shareholders' meetings. The public offer will consist of almost 1.7 million old and 850,000 new shares. After three quarters of 2004 Zetkama posted revenues of zł.54.9 million and profit of over zł.2.2 million. Both companies have not revealed the exact dates of their IPOs, but preparations will probably take them a few months. (Puls Biznesu, p. 10; Parkiet, p. 5) D.W.