Premium Food restaurants shareholders announce squeeze-out

Marek Tymiński, the main shareholder of Premium Food Restaurants, a restaurant operator listed on the small-cap, alternative NewConnect market, announced a squeeze out of the 422,371 shares of the company still in freefloat at PLN 0.32 apiece. The stock represents nearly 7.5 percent stake in the company, with the redemption date set for April 18. In January, Marek and Aleksandra Tymiński called a tender for 600,520 shares of Premium Food Restaurants at PLN 0.31 apiece. Overall, 178,149 shares have been tendered. After the squeeze-out, they will control 100 percent stake in the company and plan to delist it from the Warsaw bourse.