Successful listing of the shares of PCC Rokita in Warsaw Stock Exchange: the price grows by 9.1%

Successful listing of the shares of PCC Rokita in Warsaw Stock Exchange: the price grows by 9.1%


Brzeg Dolny, June 2014

Today the shares of PCC Rokita, the biggest producer of polyols and a significant producer of chlorine alkalis in Central-Middle Europe, have had their first listing on Warsaw Stock Exchange in Warsaw. During the opening the price of the shares has grown by 9.1%, to the level of PLN 36 (EUR 9), and the Company’s market capitalisation has reached PLN 715 million (EUR 173 million).

The public offering of the shares of PCC Rokita of the value of almost PLN 100 million (EUR 24 million) has been a great success. Despite adverse market conditions, the Company obtained the means in the amount of PLN 52 million (EUR 13 million) of the issue of new shares, and the strategic shareholder – the Group PCC, obtained PLN 46 million (EUR 11 million) of the sales of some of its own shares.

During the opening the price of the shares of PCC Rokita increased by 9.1%, to the level of PLN 36 (EUR 9). – I’m very happy that the value of our shares has been growing from the first minutes of the session, and thus investors gained already at the opening of the listing. I’d like to thank for interest of the investors both during IPO and now. From the very beginning of our presence in the capital market we have applied open information policy and we are in course of a regular dialogue with investors – says Wiesław Klimkowski, President of the Management Board of PCC Rokita.

Demand for the shares of PCC Rokita under public offering has decidedly exceeded the number of offered securities – reduction of subscription in the Retail Tranche amounted to 76%. – I believe that it is the effect of appreciation of our stable business model and credibility which we have been building since we first issued bonds under the mode of public offering – says Rafał Zdon, Vice President of the Management Board of PCC Rokita.

Under public offering PCC Rokita offered 1,588,264 shares of the series C (new issue) and 1,389,731 shares of the series B (the shares in sale). In total 2,977,995 shares were offered, out of which 15% in Retail Tranche, and 85% in Institutional Tranche. The issue price and the sales price amounted to PLN 33 (EUR 8).

The means obtained from the issue will be allocated to increasing the production capacity of polyols and polyurethane systems and of the plant producing propylene oxide as well as to research and development. – In the coming three years we are planning to complete our very advanced investments. We will continue the strategy of growth through diversification and extension of the portfolio of specialist products as it will enable us to start expansion in new markets and increase operating profitability – says Rafał Zdon.

About the Company

PCC Rokita is one of the leading chemical companies in Poland. It produces and sells chemical products used in all sectors of economy – among others in the furniture, construction, chemical and power industries. PCC Rokita has the leadership position in the Central European market of polyols and alkalis and it is a significant supplier of phosphorous and naphthalene derivatives. In its portfolio the company offers over 250 products, including:
- polyols used for the production of flexible foams and polyurethane plastics;
- alkalis, chlorine and chlorine derivatives used in the plastics, chemicals, paper and food industries;
- phosphorous and naphthalene derivative products used in the chemicals, construction, pharmaceutical, automotive and mining industries.
The company operates through strategic business units, including three production and sales units.

The PCC Rokita Group comprises 21 companies. PCC Spółka Europejska, having its registered office in Duisburg, is the strategic shareholder of PCC Rokita. The PCC Group expands to international markets through its Chemicals, Energy and Logistics Divisions. At present, the PCC Group, comprising 75 companies, employs almost three thousand people in 16 countries.


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