Mespila launches buyback tender for Paged shares

Mespila Investments Limited, the main shareholder of the WSE-listed of plywood producer Paged, has launched a tender offer for all 5.44 million of Paged shares in freefloat at PLN 57.63 apiece. The stake represents a 35.1 percent of the company. The offer will go through, if at least 3.89 million shares are tendered, so Mespila could control 90 percent of Paged and delist it. Subscriptions in the tender offer will start on July 27 and end on August 25.