Amos Luzon Development and Energy Group (Luzon Group) demanded the sale of 8,144,022 shares of Ronson Development, held by minority shareholders, which constitute 4.97% of the share capital and entitle to the same number of votes at the general meeting, provided by the buyer and the intermediary. The share buyback price is PLN 2.51 per share.
The person requesting the sale has achieved the number of votes attached to the company’s shares entitling to the compulsory buyout directly as a result of the purchase by the requester of the sale, as part of transactions made between August 12, 2021 and January 21, 2022, a total of 45,949,650 ordinary bearer shares of the company, representing approximately 28.02% of the company’s share capital and authorizing to exercise a total of 45,949,650 votes at the company’s general meeting, which is approximately 28.02% of the total number of votes at the company’s general meeting, the company announced.
As a result of the above-mentioned transactions, Luzon Group holds a total of 95.03% of the share capital.
All shares to be bought back are exclusively acquired by the Luzon Group. The redemption price for the shares will be paid on the redemption date, ie February 17, 2022, also stated.
The intermediary entity is the Pekao Brokerage House.
In connection with the notification of the intention to announce the mandatory buyout, the WSE Management Board suspended trading in Ronson’s shares from February 14, 2022.
Ronson is a real estate development company listed on the Warsaw Stock Exchange since 2007. In 2021, it sold 877 units and handed over 1,007.
Source: Luzon Group and ISBnews
