Polifarb agrees to withdraw from public offer and boost reserve capital

This means that shareholders will receive zł.0.10 per share. The money will be paid out on September 5. The rest of the 2004 profit, that is zł.7.11 million, will be allocated to the reserve capital. The company also decided to withdraw from a public offer. The management board has 14 days to submit a proper motion to the Securities and Stock Exchange Commission (KPWiG). The shareholders also approved the firm's 2004 financial statement. Polifarb's consolidated net profit last year amounted to zł.11.62 million on sales revenues of zł.672.53 million. (Parkiet, p. 4) A.F.