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Barlinek News:

Issuance of series L shares

Barlinek shall issue series-L shares (32.9 mln to 48.4 mln) with pre-emptive right of purchase by the exiting shareholders. For each two shares owned on the final day of pre-emptive right of purchase, existing shareholders will have the right to purchase one issued share. The issue price of L series shares has been established by the Management Board at PLN 1.40.

27 September is the day of pre-emptive right. The last day to purchase company shares with pre-emptive right is 23 September this year. It is already known the biggest shareholder of Barlinek, Michał Sołowow, has declared acquisition of shares with pre-emptive right, which means that 68% of are guaranteed to be sold.

The assets raised from the issue of L series shares will be allocated by the Company for the modernization of the plant in Romania and increasing production capacity to over 1.6m m2 per annum. The remainder of the assets raised will be allocated to introduction of an integrated enterprise resource planning system (ERP).