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Benefit Systems SABenefit Systems' share issue price set at PLN 2,650, offer will cover 280k shares
Listed employee benefit schemes provider Benefit Systems has determined, after completing an accelerated book-building process, that it will make offers to selected investors to subscribe for a total of 280,000 series H shares at an issue price of PLN 2,650 (EUR 0.65) per share, the company said in a market filing.
Benefit Systems began the book-building process on Monday with a private placement of no more than 280,000 H-series shares.
Last week, the company's shareholders decided to increase its share capital by issuing up to 280,000 H-series shares, with pre-emptive rights waived.
At the beginning of March, Benefit Systems entered into a conditional agreement to acquire 100 percent of the shares of Mars Spor Kulübü and its subsidiaries for a total of more than USD 420 million.
On Monday, Benefit Systems concluded financing agreements with Santander Bank Polska and BGK for PLN 1.78 billion (EUR 416.2 mln).
At the close of trading on Tuesday, Benefit Systems' stock price stood at PLN 2,815 (EUR 0.66).
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