IT firm Asseco Poland puts off SPO.

By bne IntelliNews March 1, 2010
CEE's biggest IT firm Asseco Poland is still working on a new share issue, which is to finance acquisitions, but has postponed the SPO to Q2/2010, the firm has said. Asseco Poland will present the Financial Supervision Commission (KNF) with its issue prospectus supplemented with 2009 financial results.  In January, the firm decided to issue up to 3.41mn new I-series shares and at the same time terminate the same number of treasury shares. The price per share was set at PLN 60 (EUR 15). At Friday bourse session, Asseco Poland shares were traded around level of PLN 54.00. As the company announced earlier, the funds from the share issue are to be spent on acquiring small and medium-size IT firms in Western Europe. The issue rights date was set at Feb 4; twenty issue rights entitle the holder to one I-series share. In Q1-Q3/2009 Asseco Poland reported consolidated revenue of PLN 2.114bn (EUR 530mn) and net profit of PLN 278.76mn (EUR 70mn). (ISB)

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