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Allotment of shares in the IPO of IZO-BLOCK S.A. has come to an end

As a IPO there is 267,000 D-series shares. IZO-BLOK gained PLN 42.72 million from shares issuing. Listings of the rights to D-series shares at the WSE are forecasted around July 22, 2016.

The issue price for one IZO-BLOK S.A. share was PLN 160. 267,000 D-series bearer shares were properly paid and subscribed. In the tranche for individual investors, allocation of 13,350 D-series shares was done, while in the tranche for institutional investors – 253,650 D-series shares were allocated. Reduction among individual investors equaled approx. 61%.

The interest among investors was big. They appreciated what we had done so far. Our strategy was convincing – says Przemysław Skrzydlak, CEO of IZO-BLOK S.A.

Even though we were dealing with very difficult market conditions, investors declared the willingness to assume our shares at a price which makes our goal real and within arm’s reach. We are moving forward and I’m very happy about it – he adds.

The Lead Manager in the public offering process is Bank Zachodni WBK S.A., while the legal advisor is Olesiński i Wspólnicy Sp.k. (limited partnership).

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