The company estimates that net proceeds from the issue of new shares will amount to approximately PLN 18 million and will be used to partially finance the implementation of the investment program for 2013-2014 with a total value of approximately PLN 34.4 million.
The estimated use of funds raised from the issue of shares is presented in the table below:
| Specification | Funds raised from the issue of Series E Shares (in thous. of PLN) |
| Strengthening the sales network at home and abroad | 1.000 |
| Strengthening the production potential | 12.800 |
| Expansion of the finished products warehouse | 6.000 |
| Purchase of machinery and equipment | 3.500 |
| Design of an energy-saving cereal dryer with heat recovery and an integrated dust extraction system | 3.300 |
| IT system | 1.092 |
| Expansion of the research and development department | 532 |
| Increase in working capital | 2.576 |
| Total investment expenses | 18.000 |
Pobierz katalog
