Telmax in a Spin over new share issue ahead of merger

However, there will still be some stock action in the company this year as the board releases shares that will be taken over by another IT company, Spin. The two firms are planning to merge then start functioning as a single entity from January. Originally, it had been planned that both issues would take place simultaneously. "We do not want to act in a hurry," explained deputy president of Spin, Michał Górski, who is the only candidate for the president of the new entity. Andrzej Musioł, who is now the president of Spin, will become the member of the supervisory board. Zbigniew Kuliński, Telmax's president, will continue as a member of the management board. (Parkiet, p. 4) A.F.