Oct 15, 2009. /Lesprom Network/. Arctic Paper has determined that the price for shares for individual investors will be the same as the price for institutional investors and will be PLN 15 ($5,3) per share. The stock market debut of Arctic Paper on the Warsaw stock exchange is planned for the second half of October, the company said in a press release received by Lesprom Network. Arctic Paper is the second-largest European producer of bulky book paper in terms of production volume and one of Europe’s leading producers of fine graphic paper. The company has determined that the price for shares in the public offering will be PLN 15 ($5,3) per share. This means the public offering of the company, comprising newly issued shares as well as existing shares, should achieve a value of PLN 162.7 million ($57.9 million), and the company expects to raise PLN 121.5 million ($43.2 million) gross on the new issue. The final number of shares offered in the public offering is 10,850,000, including 8,100,000 newly issued Series C shares (New Shares) and 2,750,000 existing Series B shares, offered by Arctic Paper AB (Sale Shares). The Company and the Underwriter have confirmed that individual investors will finally be offered 15% of all the Offered Shares, that is 1,627,500 shares. Institutional investors are offered 9,222,500 shares. Arctic Paper expects that shares held by new shareholders as a proportion of the total number of shares after the offering, assuming that all offered shares are sold, will be 20.7%. The closing of the public offering is 16 October 2009. "We are pleased with the interest in our company shown by both retail investors and institutions," said Michal Jarczynski, CEO of Arctic Paper SA. UniCredit CAIB Poland SA is the Offering Manager, Underwriter and Book Runner.