The Management Board of Tarczyński S.A. has decided to withdraw from conducting the public offering of shares due to the bookbuilding process not yielding a level of demand satisfactory in relation to the proposed issue price. The company will continue its investment programme using bank financing and its own funds.
“Despite strong investor interest — for which we are grateful — and full coverage of the order book, we have decided to withdraw from the share issuance. We believe this is the optimal scenario from the perspective of our shareholders and the long-term value creation of the company. We will continue to pursue our development by systematically scaling production and sales, as well as strengthening our presence in international markets. Today’s decision does not change our adopted and ongoing strategy — we remain committed to reinforcing our leading position in the protein snacks segment within the FMCG industry and to steadily expanding in export markets,” comments Jacek Tarczyński, CEO of Tarczyński S.A.
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Source: https://ceo.com.pl/tarczynski-s-a-odstepuje-od-emisji-akcji-62973
