Ursus plans to issue up to 5.9 mln shares

Farm machinery producer Ursus plans a share issue in private subscription with the exclusion of pre-emptive rights for existing shareholders. The company wants to issue up to 5.9 million S-series shares priced PLN 2.50 per share, Ursus said. On Friday the company's shares closed trading at PLN 2.54. Ursus plans to obtain approval for the issue at the general shareholders meeting on August 31. The shares should be issued during four months after the shareholders' approval and will be offered to selected institutional investors.