Brief: GK Immobile raises tender price for Projprzem shares to 15 zlotys/shr

PJP Makrum SA

27/09/2016 08:53

Sept 27 (Reuters) - Grupa Kapitalowa Immobile (GK Immobile) 
 GKI.WA : 
    * Grupa Kapitalowa Immobile increases the price in the 
tender offer for Projprzem SA  PJP.WA  shares to 15 zlotys ($4) 
per share from 8.5 zlotys per share  
    * As the result of the tender, GK Immobile aims to own 
2,510,828 shares of Projprzem, 33 pct of all votes 
    * Together with shares already owned, GK Immobile would have 
no more than 66 pct of all Projprzem's votes 
    * Subscription period runs until Oct. 5 
    * Earlier on in Sept. Projprzem's management considered GK 
Immobile's tender price of 8.5 zlotys per share as below its 
shares' fair value and lower than their book value  urn:newsml:reuters.com:*:nL8N1BV21Q 
 
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM2761671  
     
 Further company coverage:  GKI.WA ,  PJP.WA  
    
 
 
 
($1 = 3.8101 zlotys) 
 
 (Gdynia Newsroom) 
 ((Gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))