Polnord has applied to the Polish Financial Supervision Authority (KNF) for permission to withdraw all of the company’s shares from trading on the regulated market, the company said.
“The application was submitted in order to implement Resolution No. 3 of the Extraordinary General Meeting of the company of January 8, 2021 on the withdrawal from trading on the regulated market operated by the Warsaw Stock Exchange of all the company’s shares, i.e. 32,688,727 ordinary shares, with a value of with a nominal value of PLN 2 each “- we read in the release.
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. Last week, Cordia announced a compulsory buyout of 8,494,848 Polnord shares, representing 3.72% of the total number of shares and votes, at PLN 3.55 per share.
Polnord operates on the construction and development market in Poland. It has been listed on the Warsaw Stock Exchange since 1999. In 2019, it sold 323 units.
