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CCC to issue shares

Eurobuild CEE 27 March 2020
POLAND CCC is planning a share issue and has announced that it is to raise the share capital of the company by 20 pct.

The company is hoping to raise between PLN 400-500 mln. The share issue has yet to be voted on by the company's current shareholders at the its general meeting scheduled for April 17th. The company hopes the funds will bolster revenues, which have been hit by the recent coronavirus crisis and the closure of its stores. CCC is a footwear manufacturer and retailer. The company has been listed on the Warsaw Stock Exchange since 2004. Last year its consolidated sales revenues came to PLN 5,844.7 mln in 2019.

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