03-04-2011

Kino Polska Shifts Ownership

By FNE Staff

    WARSAW: Kino Polska TV S.A., producer and distributor of film channels, announced that individual investors' share allocation will be reduced by about 91 percent in the company's initial public offering. The company priced its initial public offering at 9,50 zlotys per share, valuing its entire share sale at 38 million zlotys.

    Kino Polska TV was in second place among popular movie channels in Poland last year. The Warsaw-based company also produces and distributes the stations of the FilmBox group in Poland, Czech Republic, Slovakia, Romania and Hungary. It is also the owner of a majority share in the Stopklatka.pl film portal. In 2010 Stopklatka.pl debuted on the New Connect market.

    Kino Polska TV S.A. is offering 4 million new shares in the IPO in the following series: 1,000,000 New Shares for the Small Investors Tranche (TMI); and 3,000,000 New Shares for the Large Investors Tranche (TDI).

    New investors will hold 28 percent of the firm after the IPO. Kino Polska TV S.A. plans to use the funds to expand its offer and invest in infrastructure by introducing new thematic channels.

    "In the near future we are planning to offer Kino Polska HD, a channel that will enable the reception of Kino Polska Television channels in High Definition and Kino Polska Muzyka which will feature the history of Polish popular music," said Piotr Reisch, President of Kino Polska TV S.A. Management Board. "In addition, we are currently working on extending our premium services with new television channels from the FilmBox group: FilmBox Action, FashionBox as well as FightBox".

    Published in Poland
    More in this category:« FESTIVALS: Krakow Announces National Competition PRODUCTION: TVP Drama Series Aida »