TXM to debut on WSE

Polish clothing manufacturer TXM Group plans to debut on the main market of the Warsaw Stock Exchange (WSE) on Thursday, December 29, the company said in its press news release. "The intention of the board of TXM is that the rights to shares were introduced to trading on the WSE on the 29 of December...however, the deadline of [the company's] debut depends on the relevant decisions of the National Depository for Securities and the Stock Exchange in Warsaw," part of the release read. As part of the IPO, investors acquired all of the shares offered and the value of the offer amounted to a total of PLN 20 million. Investors shares were said to make up a total of 12 percent of the increased share capital and will entitle the shareholders to 8.8 percent of the votes at the general meeting of the company, the statement also said. TXM Group owns a portion of TXM Textilmarket, the second highest in the Polish market clothing chain of discount stores. The company produces clothing and undergarments for men, women and children, as well as household items under the brands Troll, Top Secret, and Drywash.