Unimil still tied up in talks
"The decision has been taken to extend the building of the demand book and thus postpone the public subscription of our 2 million stocks," explained a Unimil spokesperson.
The new timetable will see registration for shares close on November 22, followed by the establishment of a stock price later that day.
Those interested will be able to subscribe on November 23 and 24 and the stocks will be allocated on November 30. The price is expected to range from zł.40 to zł.47.
Unimil says the company will be able to purchase its own stocks from Condomi, which make up 74.4 percent of Unimil's assets, following the share issue.
At the begining of October Unimil signed a contract with several German banks to purchase Condomi's debt for E16 million and the debt of Condomi's two biggest shareholders for E1.5 million. In return Unimil will obtain 74.4 percent of its own stocks along with 40 percent of Condomi's.
Unimil is Poland's biggest condom producer. It controls more than 70 percent of the country's market, supplying 100 to 120 million condoms a year. (PAP, A.Ł)
The new timetable will see registration for shares close on November 22, followed by the establishment of a stock price later that day.
Those interested will be able to subscribe on November 23 and 24 and the stocks will be allocated on November 30. The price is expected to range from zł.40 to zł.47.
Unimil says the company will be able to purchase its own stocks from Condomi, which make up 74.4 percent of Unimil's assets, following the share issue.
At the begining of October Unimil signed a contract with several German banks to purchase Condomi's debt for E16 million and the debt of Condomi's two biggest shareholders for E1.5 million. In return Unimil will obtain 74.4 percent of its own stocks along with 40 percent of Condomi's.
Unimil is Poland's biggest condom producer. It controls more than 70 percent of the country's market, supplying 100 to 120 million condoms a year. (PAP, A.Ł)
