Brief: Venture Inc plans to gain about 35 mln zlotys from issue of series G shares

Unfold.vc Asi SA

26/09/2017 10:00

Sept 26 (Reuters) - VENTURE INC SA  VTI.WA : 
    * SAID ON MONDAY THAT POLISH FINANCIAL SUPERVISION AUTHORITY 
(KNF) APPROVED PROSPECTUS OF ISSUE OF UP TO 15.0 MILLION SERIES 
G SHARES OF NOMINAL VALUE 0.1 ZLOTY EACH  
    * THE COMPANY PLANS TO GAIN FROM THE ISSUANCE ABOUT 35 
MILLION ZLOTYS NET 
    * 10-15 MILLION ZLOTYS WILL BE SPENT ON EXPANDING THE 
INVESTMENT PORTFOLIO BY INVOLVING IN NEW TECHNOLOGIES 
    * 5-10 MILLION ZLOTYS TO BE ALLOCATED IN INCREASE OF STOCK 
HOLDINGS OR SHARES IN KEY PORTFOLIO COMPANIES  
    * 5-10 MILLION ZLOTYS TO BE USED FOR INVESTMENTS THROUGH 
GOVERNMENTAL CAPITAL SUPPORT PROGRAMS FOR VENTURE CAPITAL 
ENTITIES IN EARLY STAGES OF DEVELOPMENT  
    * PLANS TO START ACCELERATED BOOK BUILDING PROCESS ON SEPT. 
28 
 
     
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM62wTRda 
            - http://bit.ly/2wRPrsh 
     
 Further company coverage:  VTI.WA   
    
 
 
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