Regnon S.A. [Issuer, Company] informs that on December 27, 2018, the Management Board of the Warsaw Stock Exchange SA adopted resolution No. 1312/2018 regarding the suspension of trading on the WSE Main List by the shares of Regnon S.A. The suspension suspension from January 2, 2019 to March 29, 2019 was made due to the classification of the Issuer's shares for the ninth time in a row into the Alert List segment and no action to remove the premisses for this qualification in the future.
Considering the above, the Issuer declares that on December 19, 2018, the Management Board of the Company filed with the District Court Katowice-Wschód in Katowice, 8th Commercial Department of the National Court Register, an application for registration, inter alia, amendments to the Articles of Association adopted on September 10, 2018 by the Extraordinary General Meeting of the Company in order to limit the volatility of the share prices listed on the Warsaw Stock Exchange S.A. The Extraordinary General Meeting of the Company adopted a resolution on the consolidation of shares, amendment of the Articles of Association and authorization of the Management Board, pursuant to which, acting on the basis of art. 430 of the Code of Commercial Companies, established a new nominal value of the Company's shares in the amount of PLN 100.00 [one hundred zlotys] each share instead of the current nominal value of the Company's shares of PLN 10.00 [ten zlotys] each share and proportionally reduced the total number of the Company's shares. The Company's shares will be merged in such a way that 10 [ten] shares of the Company with the existing nominal value of PLN 10.00 [ten zloty] each will be exchanged for 1 [one] share of the Company with a nominal value of PLN 100.00 [one hundred zlotys].
Source: company website, investor relations, current and periodic reports.