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E-Star Alternative publishes prospectus for listing shares on the Warsaw Stock Exchange

Hungarian energy-efficiency company E-Star Alternative Energy Service published a prospectus for the planned listing of its 2,400,000 dematerialized, ordinary shares with a face value of HUF 10 per share at the Warsaw Stock Exchange.

The company, which changed its name to E-Star Alternative from RFV in early March, announced late February that its board decided to list the shares on the Warsaw bourse in the spring of this year.

The listing will take the form of a dual listing, meaning that the shares will be traded on both the Budapest and the Warsaw exchanges.

Hungarian market watchdog PSzÁF approved the prospectus and its publication in a decision on March 10, the resolution published on Thursday showed.

E-Star Alternative announced at the time of the name change that the company plans to spend €90 million on construction of small coal-fuel co-generation power plants in Poland and also intends to launch a €40-50 million bond program in the country.