| Financial Supervision Authority approves Arctic Paper S.A. prospectus |
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The Polish Financial Supervision Authority (KNF) approved today the prospectus of Arctic Paper S.A., Europe’s second-largest producer of bulk book paper in terms of production volume and one of Europe’s leading producers of high-quality graphic paper. The value of the Company’s public offering, planned for the first half of October, may be over PLN 200 million. The Company plans to use proceeds from the new issue of shares for further growth of the Group. Arctic Paper plans to publish its prospectus on 2 October 2009, and plans its debut on the Warsaw Stock Exchange in October 2009.
The Arctic Paper Group produces many types of uncoated paper, mainly for printers and publishers of books and magazines and for the advertising industry.
Arctic Paper S.A. has three paper mills, Arctic Paper Kostrzyn, in Poland; Arctic Paper Munkedals, Sweden; and Arctic Paper Mochenwangen, Germany. The total production capacity of the three paper mills in the Group is 540,000 metric tonnes of paper per year.
Sales companies handling distribution and marketing of the Group’s products are an important part of the Group. Currently the Group has in Europe 15 sales companies, providing it access to all European markets and allowing it to obtain 1/5 of the European market for bulky book paper.
The Arctic Paper Group employs a total of nearly 1,100 people. The sole shareholder of Arctic Paper S.A. is the Swedish company Arctic Paper AB. The headquarters of the international Group are in Kostrzyn, Poland.
In 2008, the Group’s revenues were PLN 1.27 billion and net profit was PLN 50.3 million. In the first half of 2009, revenues were PLN 922.1 million and net profit was PLN 69.3 million.
The main advisers in the process of taking the Company public are UniCredit CAIB Poland S.A. (underwriter), Allen & Overy, A. Pędzich Sp. k. (legal advisers) and Ernst & Young Audyt Sp. z o.o. (the Company’s auditor).
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| ‘We are very pleased that Arctic Paper’s prospectus has been approved,’ said Michał Jarczyński, CEO of Arctic Paper S.A. ‘This means that we can begin the public offering, the proceeds from which we intend to use for further growth of the Group. I am confident that Arctic Paper S.A., as a company with stable fundamentals and a consistently implemented growth strategy within its industry, will be greeted with a high interest by stock market investors.’
Further information is available from:
Iwona Sacewicz
M+G
tel. (+48) 22 625 71 40, (+48) 501 183 386
e-mail: iwona.sacewicz@mplusg.com.pl
This material is strictly of a promotional nature and does not constitute a recommendation for purposes of the Finance Minister’s Decree of 19 October 2005 on Information Constituting a Recommendation for Financial Instruments, Issuers or Underwriters (Journal of Laws No. 206 item 1715). The prospectus is the sole legally binding document containing information about Arctic Paper S.A. (the "Issuer") and the offering of the Issuer’s shares in the Republic of Poland. The prospectus has been approved by the Financial Supervisory Authority and will be available in electronic form at the Issuer’s website: www.arcticpaper.com. A hard copy of the prospectus will be available at the Issuer’s headquarters, ul. Fabryczna 1, Kostrzyn nad Odrą, Poland; at the headquarters of UniCredit CAIB Poland S.A. (acting as Offering Entity), ul. Emilii Plater 53, Warsaw; at customer service points accepting share subscriptions; at the Financial Supervision Authority Information Centre, pl. Powstańców Warszawy 1, Warsaw; and at the Warsaw Stock Exchange Promotional Centre, ul. Książęca 4, Warsaw.
This material may not be published, directly or indirectly, in or to the United States of America or any other countries when publishing information included in this Prospectus may be restricted or prohibited by law.
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