Boryszew SA convenes an Extraordinary General Meeting of Shareholders scheduled for 17 February 2014 in order to decide on the company’s share consolidation.
Boryszew SA plans to resplit on 10-for-1 basis. Therefore, every 10 shares will be merged into one. It will result in the increase of the nominal share value of Boryszew SA from PLN 0.10 to PLN 1.00. This will also decrease the numer of shares from 2.200.000.000 to 220.000.000. This will not affect the company’s share capital.
‘The share consolidation corresponds with new regulations introduced by the Warsaw Stock Exchange,” says Piotr Szeliga, President of the Board of Boryszew. “However, conducting the resplit doesn’t affect our efforts to constantly increase the value of Boryszew and achieve better core results,’ Boryszew’s President of the Board adds.