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Tarczyński SATarczynski meat producer withdraws its public offering of series G shares
Listed meat producer Tarczynski has withdrawn its public offering of series G shares due to failure to obtain satisfactory pricing conditions during the book-building process, the company announced in a market filing.
On October 20, the company launched an offering of no more than 2 million new series G shares.
"As part of the book-building process, investors submitted bids for all offered series G shares. The offering did not take place due to the failure to obtain satisfactory pricing terms for the series G share issue during the book-building process," Tarczynski said in the market filing.
"In the opinion of the company's management board, the decision does not change the adopted and implemented strategy, and the company's further development will continue in the current model," it added.
According to earlier information regarding the share issue, the company planned to raise a total of approximately PLN 200 million (EUR 47.3 mln) gross.
seb/ ao/