Cordia International announced a compulsory buyout of 8,494,848 Polnord shares, representing 3.72% of the total number of shares and votes in the company, at PLN 3.55 per share, PKO BP – Biuro Maklerskie, intermediary entity reported in the transaction. The WSE announced that it had suspended the company’s shares from 18 February in connection with the notification of the intention to announce a compulsory buyout of its shares.
The compulsory buyout will start on February 18. The share buyback date is February 23, 2021, according to the note.
The owner requesting the sale owns 93,916,449 of the company’s shares, which constitute 96.28% of all company’s shares and entitle to 93,916,449 votes, representing approximately 96.28% of the total number of votes at the company’s general meeting.
At the end of January this year. Cordia International purchased 3 278 771 shares under a tender offer for the sale of Polnord shares. Moreover, as a result of the tender offer, the summoner concluded a transaction to purchase, outside the regulated market, 195 shares of the company.
December 1 last year Cordia International announced a tender offer for the sale of 6,905,644 Polnord shares, representing 7.08% of the company’s capital, at PLN 3.55 per share.
Before the tender offer, Cordia held 90,637,483 shares in the company, representing approximately 92.92% of the capital.
Source: ISBnews
Photo: Cordia Poland
