NFI Octava to start calls to buy back shares prior to closing down

As part of its plan to shut down operations, National Investment Fund (NFI) Octava within the next couple of weeks will make the first of two calls to buy back over 12 million of its shares, which is half of the company's current capital. The acquired shares then will be annulled. "The second call is to take place after the court registers the previously acquired shares as annulled," said Paweł Gieryński, the President of Copernicus Finance, a company related to NFI Octava. By acquiring its own shares, Octava plans to divide the capital which was collected from the sale of stakes in companies which were a part of Octava's portfolio, a capital of value of around zł. 140 million. During the first call, Octava will offer zł. 13.51 per share, while during the second zł. 11.65 per share, which is more than the publicly listed price, which stands at around zł. 10. (Puls Biznesu, p. 12) A.K.