Another company wants to disappear from the WSE. “This will contribute to the further development of the company”

LSI Software shareholders will decide on the withdrawal of the company's shares from trading on the regulated market of the Warsaw Stock Exchange – according to the draft resolutions of the EGM convened on December 10.

The justification for the resolution stated that, in the opinion of the Franasik Family Foundation, its adoption will positively contribute to the further development of the company.

“It should be noted that its adoption is a necessary condition for carrying out the delisting procedure, i.e. the company's delisting from the stock exchange. According to the Foundation, the company does not benefit from the presence of its shares on the regulated market, and the withdrawal of shares from stock exchange trading will allow the company to focus on the implementation of a long-term development strategy, without the need to incur additional costs and risks related to the presence on the regulated market,” it was written.

“Delisting will also enable increased flexibility in making business decisions and more efficient response to changing market conditions,” it added. (PAP Business)

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