February 9, 2018 / 10:58 AM / 11 days ago

BRIEF-Zastal Plans Reverse Stock Split

Feb 9 (Reuters) - ZASTAL SA:

* SAID ON THURSDAY THAT ITS SHAREHOLDERS WILL VOTE ON MARCH 7 ON REVERSE STOCK SPLIT OF ALL COMPANY‘S SHARES AT 3:1 RATIO

* NUMBER OF COMPANY‘S SHARES WILL DECREASE TO 27,329,460 FROM 81,988,380 BUT NOMINAL VALUE WILL INCREASE TO 3.00 ZLOTY PER SHARE FROM 1.00 ZLOTY PER SHARE

* AS A RESULT OF REVERSE STOCK SPLIT COMPANY‘S SHARE CAPITAL WILL REMAIN UNCHANGED

Source text for Eikon:

Further company coverage: (Gdynia Newsroom)

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