Vladimír Urbánek (Kurzy.cz)
Czech markets  |  February 15, 2013 08:50:39

Denny wants to download from the AAA Exchange - EGM 29.03

Yesterday, after the closing of AAA Auto announced that at the request of the majority shareholder of Automotive Industries (belonging to A. Denny) propose to the General Meeting to download all the Company's shares from trading on the stock exchanges in Prague and Budapest. Reasons were not given. The Extraordinary General Meeting was convened at 3.29 2013th Since the majority share of Automotive Industries is expected to approve the draft. Download from trading limits the ability of shareholders to realize the value of shares and the report therefore evaluated negatively.

AAA Auto, according to Hungarian law should be required to submit a tender offer minority shareholders, while in the Czech Republic, the offer should still be a voluntary (mandatory offer is to squeeze-out, ie., If the main shareholder in excess of 90%). Management will have 18 months to repurchase shares (end of September 2014). The Board of Directors proposes approval of the provisional price range for redemption from 0.1 to 4 per share.

Václav Kmínek

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Denny chce stáhnout Áčka z burzy - MVH 29.3. (6)

Diskuze a názory
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