WSE excludes Monday Development shares from NewConnect

Property development company Monday Development shares will be excluded from trading on the small-cap, alternative NewConnect market starting from July 19, the Warsaw Stock Exchange said. The delisting comes after the company filed the motion to the Financial Supervision Authority (KNF) to dematerialize its shares Back in April, the company’s main shareholder Unidevelopment announced a compulsory buyout of the company shares still in freefloat. Afterward, the WSE suspended its trading on April 20.