PPWK cartography company divides cash

APA - Austria Presse Agentur
19-01-2006, 16:56

Warsaw (Puls Biznesu) – PPWK has is going to divide its funds among shareholders or spend them on acquisitions.

Warsaw (Puls Biznesu) – PPWK has is going to divide its funds among shareholders or spend them on acquisitions.

PPWK, the Polish listed cartography company, jumped 35 percent yesterday to PLN 9.45 (EUR 2.5).

“This is probably due to investors’ search for undervalued companies”, Rafal Berlinski, PPWK CEO said.

In his opinion, the present market capitalization reflects the true value of his company. Recently, PPWK said it would soon sell GeoInvent to Tele Atlas for over PLN 20m.

What will PPWK do with these funds?

“We will give the funds back to shareholders. We may offer to buy out our own shares or a dividend”, the CEO explained.

There is another option possible.

“I am for spending these funds on acquisitions, consolidation and investment. Till the end of March, I’m going to finish the plans and present them to the public”, Rafal Berlinski said.

(PLN 1 = EUR 0.260)

 

 

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Podpis: APA - Austria Presse Agentur

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