Investors tune in to KINO POLSKA TV S.A.
Kino Polska TV S.A., producer and distributor of film channels, said on Thursday that individual investors' share allocation will be reduced by about 91 percent in the company's first public offer.
Last week Kino Polska TV S.A. had priced its initial public offering at 9,50 zlotys per share, valuing its entire share sale at 38 million zlotys.
For the time being, Kino Polska TV S.A. is owner of Kino Polska TV which occupied the second place between most popular movie channels in Poland last year. Moreover, the Warsaw-based company also produces and distributes stations of the FilmBox group in Poland, Czech Republic, Slovakia, Romania and Hungary. It is also the owner of a majority share in Stopklatka.pl., a film portal which has been awarded by the Polish Film Institute for its contribution to the development of Polish cinematography. Last year Stopklatka.pl debuted on the New Connect market.
Kino Polska TV S.A. is offering 4 million new shares in the IPO in the following series:
1,000,000 New Shares for the Small Investors Tranche (TMI)
3,000,000 New Shares for the Large Investors Tranche (TDI)
New investors will get about 28 percent of the firm after the IPO. Kino Polska TV S.A. will use the funds to develop its offer and invest in its infrastructure introducing new thematic channels.
"In the near future we are planning to offer Kino Polska HD, a channel that will enable the reception of Kino Polska Television channels in High Definition and Kino Polska Muzyka which will feature the history of Polish popular music", said Piotr Reisch, President of Kino Polska TV S.A. Management Board. "In addition, we are currently working on extending our premium services with new television channels from the FilmBox group: FilmBox Action, FashionBox as well as FightBox".
Press and investor relations:
Magdalena Kruk
Kino Polska TV S.A.
E: This email address is being protected from spambots. You need JavaScript enabled to view it.
