Exillon Energy announces delisting

Exillon Energy board of directors has decided to withdraw the company’s stock from trading on the Warsaw Stock Exchange, the company said in a market filing. “The board passed a resolution on the dematerialisation and withdrawal of ordinary shares of the company with a nominal value of $0.0000125 apiece from the WSE,” the statement said. According to the board, trading on the WSE did not provide shareholders with sufficient liquidity and that the reduction of costs and administration related to trading on the WSE would bring in savings. In mid-July, Seneal International Agency, Exillon significant shareholder, launched a tender offer for 10,265 shares in the company, representing 0.0064 percent of Exillon’s capital and votes at the general meeting at PLN 7.15 per share. After withdrawing from trading on the WSE, Exillon shares will continue to be listed on the London Stock Exchange.