Friday, April 10, 2015

KNF has approved the prospectus Virtual Polish – Republic

Source: Fotorzepa

Author: Krzysztof Skłodowski

As reported today, the Financial Supervision Authority, the prospectus has been approved in connection with the public offering of shares of series B and E and the intention to apply for admission to trading on regulated market of shares of series B, C, E and rights to shares of series E shares virtual Poland Holding SA.

The group includes Wp.pl portals, on 2.pl, Money.pl, Biztok.pl and Pudelek.pl. As reported by the company, whose principal owner is now Innova Capital fund through a Luxembourg company European Media Holding, the new issue of shares intends to raise from 80 to 100 million zł.

The EMH is planned on the occasion of the company’s IPO also sell parts already existing shares, representing 23.5 per cent. of the share capital. After the IPO, Innova will remain a major shareholder in the Virtual Polish.

The debut is scheduled for the second quarter of this year. Offeror is Pekao Investment Banking SA.

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