SkyEurope flirts October deadline for new share issue

The company's capital is to increase from the present EUR 20 million to a maximum of EUR 40 million. The carrier has not yet decided when the new issue will take place. "It depends on the situation on the market. This summer is rather a bad moment since the situation on the bourses in the region is not good," declared Andrea Hofer, the SkyEurope manager for investor relations. The company's current rating on the bourse is not favorable for the issue either. SkyEurope's shares debuted on the Warsaw bourse at EUR 6 (about zl.24) in September last year, while today their price fluctuates around zl.16. "With current prices the issue would not be sensible," admitted Andrea Hofer. Nevertheless, Hofer added that the carrier would like to complete the share issue by October at the latest. The funds from the issue will be earmarked for the purchase of new planes. (Puls Biznesu, p. 11) E.B.