WSE suspends iAlbatros trading

The Warsaw Stock Exchange suspended trading of the iAlbatros Group on its main market on Friday, following the hostile takeover attempt. Last week, two groups of shareholders organized two conflicting extraordinary general meetings. “The iAlbatros shareholders have submitted two contradictory statements in the EGM, which, in view of the company situation, are crucial to the company. In this context, there is a genuine threat to the interests of shareholders by the lack of clear information allowing for a fair valuation of the shares. This is a situation in which the suspension of quotations until the explanation of these circumstances is completely justified – said Jacek Barszczewski, Financial Supervision Authority (KNF) spokesman.