Announcement of the notification of the Board of AUGA group, AB about the intention to delist the shares of the company from trading on the regulated market of the Warsaw Stock Exchange
22 September 2021 - 04:16PM
Announcement of the notification of the Board of AUGA group, AB
about the intention to delist the shares of the company from
trading on the regulated market of the Warsaw Stock Exchange
The Board of AUGA group, AB (the
“Company”) in its meeting, held on 22 September
2021, based on the request (hereinafter, the
“Request”) of the shareholder of the Company
Baltic Champs Group, UAB (hereinafter, the
“Shareholder”), requesting convocation of the
general meeting of shareholders of the Company, has inter alia
decided to approve the notification about the intention to delist
the shares of the Company from trading on the regulated market of
the Warsaw Stock Exchange (hereinafter, the “WSE”)
(attached).
In the Request, the Shareholder suggest the
General Meeting to consider the issue on delisting the shares of
the Company from trading on the WSE for the following reasons,
which are also fully supported by the Board of the Company:
- currently the shares of the Company
are introduced to trading on two regulated markets, AB Nasdaq
Vilnius (hereinafter, Nasdaq) and WSE, however,
actually active trading in principle is being executed only on
Nasdaq;
- existence of the shares of the
Company not only on the regulated market Nasdaq, but also on the
WSE, brings no real benefit for the Company, but requires
additional human resources from it, also leads to additional costs
in connection with the performance of the regulatory requirements
for listed companies not only of Lithuania, but also of foreign
country (Poland);
- differently from the Baltic states
markets, the Company has no intentions and needs of attracting
additional capital by implementing public offerings of its shares
or other securities in Poland and/or of seeking for alternative
sources of funding for its activities in this market;
- following delisting of shares of
the Company from trading on the regulated market WSE (if executed),
they would further be traded on Nasdaq regulated market as a result
of which protection of rights and interests of shareholders of the
Company will be ensured;
- having delisted the shares of the
Company from trading on the regulated market WSE, the Company will
be able to concentrate all its efforts exclusively on relations
with investors on its main regulated market Nasdaq and in
performing its direct activities.
The Company has taken and will take all measures
provided for in legal acts in order that owners of the shares
issued by it would have access to all necessary means and
information, giving them a possibility of exercising their rights
during delisting of the shares of the Company from trading on the
regulated market of the WSE.
Attached:Notification about the
intention to delist the shares of the Company from trading on the
regulated market of the Warsaw Stock Exchange.
CEOKęstutis Juščius+370 5 233 5340
- AUGA_Notification of the Board
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