Synthos board approves delisting

Synthos shareholders decided at the general meeting to delist the company from the Warsaw Stock Exchange.  “The shareholders authorized the management board to apply to the Financial Supervision Authority KNF for permission to restore the shares form (cancellation of dematerialization), submit an application to withdraw shares from trading on the regulated market operated by the WSE and make any other factual and legal actions necessary to withdraw shares from trading on the regulated market operated by the WSE,” the company said in the adopted resolution. Back in December, the company’s majority shareholder, Michał Sołowow successfully tendered 31.4 percent of company’s shares, increasing his stake to over 90 percent.