Brief: Mennica Polska Plans To Invest Up To 80 Mln Zlotys in Enea Shares

Mennica Polska SA

23/11/2018 07:40

Nov 23 (Reuters) - Mennica Polska SA  MNCP.WA :
    * SAID ON THURSDAY THAT ITS MANAGEMENT BOARD HAS DECIDED,
UPON
APPROVAL OF SUPERVISORY BOARD, TO BUY ENEA SA SHARES FOR UP TO A
TOTAL AMOUNT OF 80 MILLION ZLOTYS
    * THE INVESTMENT WILL BE CARRIED OUT NO LONGER THAN UNTIL
DEC. 31,
2019
    * MANAGEMENT BOARD WILL ANALYSE ENEA'S FINANCIAL PERFORMANCE
AND
BASED ON THIS WILL MAKE DECISIONS TO CARRY OUT THE INVESTMENT
WITHIN THE ABOVE SAID LIMIT
    * ITS CURRENT INVESTMENT IN ENEA SHARES AMOUNTS TO 37.3
MILLION
ZLOTYS AND HAS NOT EXCEEDED A SIGNIFICANT LEVEL IN TERMS OF
NUMBER OF ENEA'S SHARES
    * THE PURCHASE OF THE SHARES IS NOT A STRATEGIC INVESTMENT
    * THE DEPOSIT IN THE SHARES WILL CONSTITUTE AN ALTERNATIVE
INVESTMENT FOR THE COMPANY WITH RESPECT TO OTHER POSSIBLE
DEPOSITS USING THE CASH SURPLUS
    * THE COMPANY DOES NOT FORSEE INCREASING PLANNED INVESTMENT
INTO
ENEA SHARES AND ALLOWS POSSIBILITY OF SELLING THE SHARES

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM5zXQy4a
    
 Further company coverage:  MNCP.WA   ENAE.WA 
   


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