Back IZO-BLOCK S.A. has completed the Book Building Process
IZO-BLOCK S.A. has fixed the issue price of the D-series shares in the public offer at PLN 160 per share.
The offer includes 267,000 shares of the new D-series issue as part of the public offering. 253 650 shares will be offered in the institutional investors tranche, while 13,350 shares will be included in the tranche for individual ones. From now on, individual investors are able to subscribe for the shares (until July 5) and institutional ones (until July 6). The Company assumes that the first listing of rights to D-series shares at the WSE will be July 22, 2016.
Assuming that subscriptions will be made for all the offered shares, the Company will receive gross resources in the amount of approx. PLN 43 million which will be used for the partial financing of the transaction of acquiring 100% shares at the German SSW PearlFoam. The remaining part will be covered by resources from an acquisition credit in the maximum amount of EUR 11,000,421.36.
The investors appreciated the strategy of our Company by declaring the willingness to take up shares. This is important considering the very difficult market conditions we are facing. We are nearing our goal, i.e. the acquisition of SSW PearlFoam. This will consolidate our position in Europe and will allow us to act on a fully global scale, which our customers are eagerly waiting for. – comments Przemysław Skrzydlak, CEO of IZO-BLOK S.A.
More information about the Company can be found at: www.izo-blok.pl and www.spo.izo-blok.pl
PROPRIETARY CLAIM
The hereby publication is of a promotional nature only and in no way should serve as basis for making decisions regarding the acquisition of shares of IZO-BLOK S.A. (“the Company”), The only binding document containing information about the Company and the public offering of the Company shares in Poland (“the Offer”) is the prospectus (“Prospectus”) prepared in relation to the Offer and the admission to trading of Company shares at the Warsaw Stock Exchange in Warsaw. The Prospectus was confirmed on 6/17/2016 by the Polish Financial Supervision Authority, i.e. an authority supervising the capital market in Poland. The Prospectus is available from 6/21/2016 in electronic form at the websites: of the Company (www.izo-blok.pl and www.spo.izo-blok.pl) and of the Lead Manager (www.dmbzwbk.pl). Some data included in this publication may pertain to future events and may, therefore, be subject to change or updating. This publication pertains to a public offering conducted solely in the Republic of Poland and is not meant for sharing, directly or indirectly, in part or in whole, in the United States of America, Australia, Canada, Japan, nor in any other jurisdiction where this would be considered a breach of suitable legal provisions.
