For the first time in the past two years, a new Ukrainian company joined the Warsaw Stock Exchange’s list of issuers. On December 9, the Cypriot Cereal planet PLC – the holding company of one of the top five cereal producers Cereal Ukraine – will start trades on the NewConnect alternative floor of the Warsaw Stock Exchange (WSE), said the company’s financial adviser Dmytro Babayev. The company is a distributor of Kernel products. According to a notice on the NewConnect WSE, 260,000 shares were issued for sale at a nominal value of € 0.03 apiece. The issuer registration was approved by the WSE board on November 27, 2013. According to the report, the company has a total of 1.78 Ml shares. So, Cereal Ukraine is going to market some 13?% of them. It is planning to spend the raised money on the implementation of a cereal production and export program. The program’s cost is estimated at some € 2.5 Ml. “The group’s near-term plans envisage the launch of new production lines and upgrading existing ones, purchase of a new milling facility, the optimization of warehouse capacities, the development of freight handling and delivery services, and the creation of an entity for grain processing in West and East Europe,” the company’s website reports.

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