WARSAW Jan 11 Warsaw-listed developer GTC
said it had set the price of its share issue at 7
zlotys per share, higher than earlier signalled by market
In a statement on Friday evening, GTC said investors would
buy 31.94 million new shares, bringing the total gross value of
the new issue to 224 million zlotys ($73.55 million).
The company was selling shares via accelerated book-building
and planned to raise 40-60 million euros ($55-$82 mln), and
planned to use the proceeds to reduce debt.
In Friday trading, GTC shares rose 3.3 percent to 7.23
($1 = 3.0454 Polish zlotys)
($1 = 0.7314 euros)
(Reporting by Marcin Goettig; Editing by Mark Heinrich)