“Republic” and “Parquet” out on the stock exchange – the Republic

Controlled by Gregory Hajdarowicza the company KCI has adopted a strategy for 2017-2020. It involves the activities in the real estate segment, as well as through Gremi Media (d. Presspublica) – in the broadly understood sphere of the media. The company, in particular, the publisher of “Republic” and “Parquet” in the portfolio also e-Booth – the largest in Poland producer of electronic press, Compress – PR and MM Conferences – organizer of seminars and conferences.

According to the report, Gremi Media is a public company. “Immediately after the conversion of Gremi Media sp. z o. o. the joint stock company planned an IPO on the New Connect market, which will allow the first quotation of the shares in mid-2017. Work is also underway, and negotiations with potential investors willing to adopt a package of minority and thereby ensure balance among shareholders and transparency of its functioning”, – stated in the principles of the strategy KCI. 100%. shares of Gremi Media is now owned by KCI. Entrance on NewConnect is therefore required to engage minority shareholders at a level at least 15%.

the entrance to the Conclusion, motivated less formally requirements for companies and crisis the main market of the WSE. In the opinion of the Board of Directors of KCI market New Connect is more adapted to the current strategy.

because Of this seats of quotes will change the same KCI. On January 31 the General meeting is to grant permission to conduct the pioneering operation transition of the company on NewConnect market of the Warsaw stock exchange. KCI is working as a pre-developer sells land with a legal building permit. Still, the company sold two phase office complex Gremi Business Park in Krakow (23 thousand sq. m in rent) for almost 25 million UAH and a large residential project (65 thousand sq. m.) for more than 60 million UAH. KCI has also signed a letter of intent in respect of sale of office facility for recovery for 30 million rubles, and before the end of the year wants to sell the remaining two stages of Gremi Business Park (almost 27 thousand. sq. m.). The strategy includes involvement in other projects, it is possible that also outside Poland.