Ronson to move its HQ to Poland

WSE-listed real estate developer Ronson Europe signed an agreement allowing the company to initiate the procedure of transforming itself into a European company and then transferring its headquarters from the Netherlands to Poland, the company said in a filing. The company's management believes that such move may be beneficial for both the company itself and its shareholders. “The transformation and transfer of headquarters to Poland will reduce administrative and operational costs, and will also improve the efficiency of all entities of the company's capital group and increase the transparency of the company in relation to investors in connection with the company's shares in trading on the Warsaw Stock Exchange,” Ronson explained. Both the transformation of the legal form of Ronson Europe from a Dutch company into a European company and the transfer of its registered office to Poland will require shareholders' consent. The Management Board expects that this process will be finalized by September 2018.