Brief: ZPC Otmuchow Resolves To Expand Production Facility In Nysa

Zaklady Przemyslu Cukierniczego Otmuchow SA

21/09/2022 15:49

Sept 21 (Reuters) - Zaklady Przemyslu Cukierniczego Otmuchow
SA  OTMP.WA :
    * RESOLVES TO EXPAND PRODUCTION FACILITY IN NYSA
    * ESTIMATED COST OF EXPANSION AT ABOUT 35 MILLION ZLOTYS
    * IN ORDER TO FINANCE EXPANSION, CO WILL TAKE STEPS TO
INCREASE
SHARE CAPITAL VIA NEW SHARE ISSUE
    * IN ORDER TO FINANCE EXPANSION, CO WILL USE DIFFERENT
SOURCES OF
GAINING FUNDS, INCL. PARTIALLY TAKING CORPORATE LOAN,  OWN
FUNDING OR POTENTIAL FUNDING FROM INVESTOR OR SHAREHOLDERS
    * NEW SHARE ISSUE WILL NOT EXCEED 17% OF CO'S CURRENT SHARE
CAPITAL
    * ESTIMATES THAT FUNDS GAINED FROM SHARE ISSUE WILL GENERATE
ABOUT
10 MILLION ZLOTYS

Source text for Eikon:  ID:nEM8x5WVda 
Further company coverage:  OTMP.WA 

 (Reporting by Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com;))