On 15 June 2015, the General Meeting of BEST agreed on a 1:4 split of the company shares. This split is just one measure intended to increase the availability of BEST stock for investors.
So far, the share capital of BEST has comprised more than 5.2 million shares with a par value of 4 PLN each. Following the split (which becomes effective once the amendment to the Company Statutes is registered with the National Court Register (KRS)), the total number of BEST shares will increase to almost 21 million. The par value of a single share will be 1 PLN and the number of free-float shares will exceed 500,000.
The share split is just one measure to increase the availability of BEST stock for investors. In May the Company concluded an agreement with the Issuer's Market Maker (BOŚ Brokerage House) and joined the Liquidity Support Programme. As a result, after years of double fixing, on 26 May 2015 BEST shares entered the continuous trading system.
On Monday, the General Meeting of BEST also approved the financial statements for 2014, acknowledged the fulfilment of duties by all members of the Management and Supervisory Boards and decided to allocate last year's net profit to replenish the supplementary capital.
General information about BEST
BEST S.A. has been listed on the Warsaw Stock Exchange since 1997. The company specialises in the trading and management of non-performing receivables. The BEST Group actively invests in receivables portfolios (especially in the field of banking) with the use of securitisation funds and provides debt collection services for third parties: banks, telecommunications operators, power companies and other mass service providers.
BEST is also the sole shareholder of BEST TFI which obtained its licence to operate from the Polish Financial Supervision Authority (KNF) in 2008. The combination of expertise in the fields of debt collection and that of the establishment and management of investment funds has helped the entity to concentrate all the elements of its business model within one capital group.
Currently, BEST TFI manages four funds, including three securitisation funds: BEST I NSFIZ, BEST II NSFIZ and BEST III NSFIZ, whose assets include portfolios of receivables with a total nominal value of over PLN 9 billion (as of the end of Q1 2015) and the non-public assets fund BEST Capital FIZAN.
For more information visit www.best.com.plor contact:
tel. 22 826 74 18 / mob. 516 173 691
tel. 22 826 74 18 / mob. 514 985 845