Vilnius, Lithuania, 2016-01-21 16:45 CET (GLOBE NEWSWIRE) -- On 21 January 2016 City Service SE (hereinafter, the “Company”) provided a request to AB Nasdaq Vilnius (hereinafter, “Nasdaq”) to delist the shares of the Company from trading on this regulated market. The request was filed, taking into consideration that both the controlling shareholder of the Company UAB “ICOR” and the Company have performed all the procedures established by legal acts and by the decisions of the general meeting of shareholders of the Company, dated 6 November 2015, necessary for delisting of shares of the Company from trading on Nasdaq – i. e. the shares of the Company were introduced to trading on the Warsaw Stock Exchange (hereinafter, the “WSE”) and the tender offer, aimed at delisting thereof from trading on Nasdaq, was implemented.
The date of delisting of shares of the Company from trading will be established by the Board of Nasdaq, when adopting the respective decision. Following the Nasdaq Listing Rules this date may not be later than 6 months as from adoption of the decision by the Board of Nasdaq. Once the decision is adopted by Nasdaq, the Company will inform separately as from which date the shares of the Company will be delisted from trading on Nasdaq under the procedure, established by the legal acts.
Following delisting of shares of the Company from trading on Nasdaq, they will further be listed and it will be able to trade in them on the WSE.
The Company also informs that its shareholders, intending to trade in Company’s shares on the WSE, may choose one of the following alternatives:
1) open a securities account directly with one of the brokerage houses, licensed and acting in Poland and being a member of the WSE. If such an alternative is chosen by the shareholder, the orders regarding sale or purchase of shares of the Company will be executed through this Polish brokerage house, under the procedures, terms and conditions of the respective brokerage house; or
2) process trading in Company’s shares on the WSE through the financial broker (intermediary), through which the Company’s shares, held by the respective shareholder of the Company are currently accounted, if the intermediary provides with such a possibility (most of the intermediaries, acting in Lithuania, Latvia and Estonia provide this possibility). If such an alternative is chosen by the shareholder, the procedure of trading in Company’s shares on the WSE will be quite the same, as in case of trading on Nasdaq. The orders regarding sale or purchase of shares of the Company will be made through the mentioned intermediary. The shareholders of the Company, aiming to choose this alternative and make sure, whether this alternative is possible in the financial broker (intermediary), through which the Company’s shares, held by the respective shareholder are currently accounted, as well as to find out the detailed procedures, terms and conditions of trading in Company’s shares on the WSE, should contact the respective intermediary.
Vilius Mackonis,
Director of Marketing and Communication Department
+ 370 5 239 4900