Profil:
Tarczyński SATarczynski launches ABB for new G-series shares public offering; seeks to obtain PLN 200 mln
Listed meat producer Tarczynski is commencing the accelerated book-building process as part of a public offering of new series G shares. The company plans to raise a total of approximately PLN 200 million (EUR 47 mln) gross from the share issue, Tarczynski said in a market filing.
As stated, the company intends to offer no more than 2 million new shares through a private placement.
The ABB is scheduled to be completed on October 22, 2025.
As Tarczynski pointed out in the market filing, the net proceeds from the issuance are intended to be allocated to the expansion of the production capacity of kabanos lines (and of the sausage production), in connection with increasing market demand for the group's flagship product.
The group wants to earmark the funds for implementation of innovative projects related to protein and fat extraction technologies, enabling more efficient utilisation of pork and poultry raw materials, with the aim, in the longer term, of reducing raw material procurement costs and increasing the precision of raw material acquisition in line with quality requirements.
Tarczynski estimates that the implementation of those projects may result in an ultimate decrease of the raw material costs within the group by approximately 5-7 percent.
Based on the proceeds of the issue of series G shares (assuming their maximum amount), and using available financing sources, the group estimates the value of capital expenditure for 2025-2026 at approximately PLN 720 million (EUR 169.1 mln) in total.
pel/ ao/