Strong interest in new issue shares

In order to increase the share capital, the book building process was completed for series B ordinary bearer shares and series C ordinary registered shares on 7 October. The total number of offered shares within the initial allocation stands at 35,051,428 (in words: thirty-five million fifty-one thousand four hundred and twenty-eight) shares.

"The book-building process has been completed as scheduled. The interest in the new issue shares was indeed buoyant, and almost all the securities provided for have been sold. As is clear from the initial allocation, we can gain nearly PLN 60 million from the issue of new shares, that is over 50% more than we expected in late September," emphasises Marcin Lewandowski, President of Trakcja PRKiI. We are particularly pleased about this fact in the context of considerable fluctuations on the capital market and uncertainty in the construction industry. In this way, investors positively assessed the conditions of our company and market outlook - adds Marcin Lewandowski.

Trakcja PRKiI has been efficiently implementing the financial restructuring process for several months now. In June, the company obtained bridge financing, which involved: working capital loan of PLN 31 million, guarantee lines of PLN 33 million and a loan of PLN 20 million from the Spanish group COMSA, main shareholder of Trakcja PRKiI. In late September, operations involved in long-term financing of over 400 million new financial instruments were completed, including:

• new open-end credits up to the maximum value of PLN 104.6 million,
• open-end loan up to the maximum value of PLN 27.6 million,
• additional guarantee lines for guarantees on reimbursement of prepayments on contracts in the amount of PLN 200 million,
• increase of the Company’s share capital in the amount no less than PLN 39.6 million.



Media Information

Robert Kuczyński

human resources and communication director


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