Geotrans withdraws from issue of shares

NewConnect-listed waste management company, Geotrans, has decided to withdraw from the issue of series C shares. It will verify the strategy, and investments in new waste treatment installations will be financed with its own funds or a bank loan.

“In the near future, we will verify the assumptions of the strategy for 2020-2024 and the company's dividend policy. We also want to adopt an ambitious incentive program for the team.