THE DEKPOL GROUP RAISED PLN 70 MILLION FROM THE BONDS ISSUE WITH DEMAND EXCEEDING OFFERING VALUE

Over the last month, within the issuance of two bond series, the Group has raised a total of approximately PLN 70 million for business development. Both offers were closed with oversubscriptions.

– The success of the June offering of P2023A-series bonds, worth PLN 40 million, and the accompanying strong interest from investors, encouraged us to carry out another issuance, despite the capital market already entering a typically holiday period. The July issuance of P2023B-series bonds, worth PLN 30 million, also ended with significant success: the bonds were allocated to 485 investors, and once again, we experienced oversubscription – the allocation rate was at the level of 23.45%. Investors appreciate consistent implementation of the Group’s strategy, diversification allowing stable growth in a variable environment, a very good financial position, and the business agility of DEKPOL, demonstrated, among other things, by taking advantage of market opportunities. Such a positive reception of our operations is an additional motivation for us to continue our intensive work for the Group’s development. The amount of PLN 70 million raised from both offers represents a significant financial reinforcement for the Group and will be used to finance ongoing business operations and further growth. The scale of our business activities is constantly increasing – both organically and through acquisitions – and a strong financial background serves as an essential foundation for this.– says Katarzyna Szymczak-Dampc, Vice-President of Management Board, Financial Director of DEKPOL S.A.

Contact for media:
Katarzyna Sadowska
cc group
katarzyna.sadowska@ccgroup.pl
tel. +48 697-613-020
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Dekpol Capital Group is dynamically developing in construction and property development industry as well as in production of accessories for construction machines. The company was established in 1993. It owns a modern machine park and highly qualified staff. From the beginning of its business activities, it has ambition and determination to further dynamic development with usage of modern technologies. Business activities of the Dekpol Capital Group are based on three main segments. General Contracting services provide the largest share of the Group’s revenues. The offer covers a very wide range of activities. The company has extensive experience in implementation of industrial, logistic, commercial, public, sports and recreational facilities, as well as environmental protection facilities. It also carries out road, sanitary and hydrotechnical works. The company has an established leadership position in Northern Poland and is one of the largest general contracting companies for cubature facilities on a national scale. In turn, Dekpol Steel, the part of the Dekpol Capital Group, is a manufacturer of buckets and accessories for construction machines. It cooperates with the world’s largest manufacturers of construction machinery. The products are sold to Norway, Sweden, Germany, the USA and Great Britain, and even to Morocco and Australia. The third dynamically developing segment of the Dekpol Capital Group is the property development activity, which, from the beginning of 2019, as a part of Dekpol Deweloper Sp. z o.o. offers flats, apartments, and commercial premises. Since January 2015, the shares of Dekpol S.A. are listed on the Warsaw Stock Exchange.

More information available at: https://dekpol.pl/