Arlen Group announces intention to conduct IPO and WSE listing with up to 35 pct stake sale
Arlen Group, a leading Polish producer of protective clothing for uniformed services, has announced its intention to conduct a public offering and debut on the Warsaw Stock Exchange. The main shareholder, A.T. Fundacja Rodzinna, plans to sell up to 35 percent of the company’s shares.
Arlen Group stated that no new shares will be issued or offered as part of the transaction, with A.T. Fundacja Rodzinna currently holding 95.06 percent of the company’s shares.
The intention is to offer around 10-20 percent of the shares to individual investors.
The public offering will be conducted based on a prospectus and will be available exclusively to Polish individuals and selected institutional investors.
Detailed terms and conditions of the offering will be set out in the prospectus, which will be published after its approval by Poland's financial watchdog KNF.
mcb/ pr/ nl/