Emax shares suspended on GPW

2007-06-01

Trading of the shares of Emax, an IT services provider, has been suspended on the Warsaw Stock Exchange (GPW), as the company is about to merge with Sygnity (formerly ComputerLand).
The shareholders of Emax will receive 1.2 shares of Sygnity in exchange for each Emax share and the trading will be resumed in a few weeks’ time. Those who hold personal shares will receive 1.28 per one.
Sygnity is to issue 2.8 million new shares, which will constitute 26% of the company’s capital. The date on which the shares held by the existing shareholders of Emax will be introduced to the stock market depends on the National Court Register and the National Depository for Securities. The shares are likely to be back on the GPW by the end of June.

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