Vladimír Urbánek (Kurzy.cz)
Czech markets  |  March 29, 2013 10:58:36

AAA Auto EGM today decides to withdraw the shares from the market and the subsequent purchase

AAA Auto EGM held today aim is to decide on the withdrawal of the company's shares to public trading. Majority owner Anthony Denny (78%) reported that intention in regard to the likely sale of the entire company to a new owner. Part of the closure to public trading of shares of a firm should also be a proposal for their purchase from minority and small shareholders. It is estimated that the proposed repurchase price will move at about 23 CZK.

AAA Auto yesterday presented the results for last year. The company increased its revenues by 15% and doubled its profit to 22.3 million euros.

Advised Plan aroused great indignation among the relatively small and minority shareholders, because it comes at a time when the stock price is less than half the starting price of the subscription of shares and the company is beginning to flourish again.

Related news:
Update 2: A's apparently disappearing from the market, shareholders.
Denny wants to download from the AAA Exchange - EGM 29.03
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