Successful share issue
28 May 2010
On May 14, 2010 it was completed the shares subscription with collection right. In result, LUG S.A. has obtained 5,4 million PLN. The shares allocation within additional subscription was made on May, 27. The reduction rate was many as 93,5%. The funds gained in result of the emission are going to be spent on i.e. enlarging the production capabilities as well as trade network development.
There is going to be introduced into the exchange market the amount of 35 992 850 of the „C” series shares. The unit price of a new-emission share was 0,15 PLN. Four collection rights entitled for collection of 1 share of the new “C” series share.
-„Reduction rate for additional subscriptions has gained very high level of 93,5%. We are truly glad of such great investors’ interest. Successfully, we obtained 100% of the funds as initially planned, what certainly will facilitate our relocation to the regular market. It will also allow us to execute all planned investments including some new production lines, what shall be extremely important in the context of enlarged international activity of LUG. In last six months, we have introduced many valuable contacts e.g. with potential customers from the Middle East, Eastern Europe and Russia. As we assume, those markets are still very demanding, and concerning above in particular, we will try to create interesting sales offer. Part of the funds are going to be invested into the product development for the needs of EURO 2012, since we are going to introduce another specialist luminaires for sport facilities.” – says Mr. Ryszard Wtorkowski, the President of LUG S.A. Board of Directors.
Detail information concerning the completed subscription can be found in the Current Report RB 33/2010.
There is going to be introduced into the exchange market the amount of 35 992 850 of the „C” series shares. The unit price of a new-emission share was 0,15 PLN. Four collection rights entitled for collection of 1 share of the new “C” series share.
-„Reduction rate for additional subscriptions has gained very high level of 93,5%. We are truly glad of such great investors’ interest. Successfully, we obtained 100% of the funds as initially planned, what certainly will facilitate our relocation to the regular market. It will also allow us to execute all planned investments including some new production lines, what shall be extremely important in the context of enlarged international activity of LUG. In last six months, we have introduced many valuable contacts e.g. with potential customers from the Middle East, Eastern Europe and Russia. As we assume, those markets are still very demanding, and concerning above in particular, we will try to create interesting sales offer. Part of the funds are going to be invested into the product development for the needs of EURO 2012, since we are going to introduce another specialist luminaires for sport facilities.” – says Mr. Ryszard Wtorkowski, the President of LUG S.A. Board of Directors.
Detail information concerning the completed subscription can be found in the Current Report RB 33/2010.