//Warsaw Stock Exchange delisted PCC’s group affiliate PCC Intermodal S.A. at its request

Warsaw Stock Exchange delisted PCC’s group affiliate PCC Intermodal S.A. at its request

− delisting from the WSE improves flexibility during future investment program

− PCC SE holds currently 98.40% of shares in PCC Intermodal S.A., remaining are held by the Management Board

Duisburg / Gdynia (Poland), September 2018. Following the Polish Financial Supervision Authority’s decision dated August 21, 2018, the Warsaw Stock Exchange (in Polish: GPW) confirmed that the delisting of the PCC Group’s subsidiary PCC Intermodal S.A. from the Warsaw Stock Exchange occurred on September 11, 2018. The company applied to the relevant Polish authorities for the delisting and withdrawal from trading at the end of June 2018, as the majority shareholder, PCC SE, decided to remove its shares in this Group subsidiary from the Warsaw Stock Exchange. “The free float of tradeable shares was too low to reflect the actual value of this company.“ said Mrs. Ulrike Warnecke, Managing Director of PCC SE.

PCC SE holds 98.40% of the capital and 98.87% of the voting rights in PCC Intermodal S.A. The remaining shares are held by the Management Board of PCC Intermodal S.A.

„Holding company PCC SE together with the Management Board of the logistics company intends to introduce a tremendous investment program over the following years. We believe that the company will perform better while being off the stock exchange.” Further explained Mrs. Warnecke. „The delisting of the company generally increases our flexibility, mainly when it comes to financing and during realization of those planned investments, possibly together with strategic partners.”

2018-09-13T17:17:44+00:00