Opoczno revises schedule, moves IPO to end of June

According to the plan, a price bracket for the issue will be quoted today, while the book-building will start on Friday. The subscription list for individual investors is to close on June 15, while the domestic and foreign institutional investors will have a day more to enlist. The final price will be announced on June 17 and the flotation is slated for June 24. Opoczno's public offer consists of 16.25 million shares, however, only 60% of this amount has been divided into tranches of 10% for individual investors, 20% for Polish institutional investors and 30% for foreign institutional investors. The last 40% will be added to the tranches only if the demand is sufficiently high. (Parkiet p.3) M.G.