Beginning from 26 May, BEST shares will be listed under continuous trading. This is due to the company’s accession to the Liquidity Support Program.
Following the recent declaration of the Management Board, BEST has adopted the Liquidity Support Programme. This means that the company's shares have ceased to be qualified by the Stock Exchange in Warsaw as Lower Liquidity. The stock trading system will also change soon – beginning from next Tuesday, 26 May, BEST will be listed on the continuous trading system.
The accession to the Liquidity Support Programme is one of the measures that BEST takes with a view to making its shares more available to investors. Looking ahead, the company is planning further steps, such as allocating its shares in a 1:4 ratio. This proposal was put on the agenda of the General Meeting convened for 15 June this year. Currently the share capital of BEST is divided into more than 5.2 million shares with a nominal value of PLN 4 each. On Thursday, 21 May, BEST shares were trading at PLN 44.49 on the Warsaw Stock Exchange.
As a result of the planned split, the total number of shares will increase to nearly 21 million, the nominal value of each share will be PLN 1, and the number of shares in free float will increase to over 500 thousand.
BEST has also recently entered into an agreement with the BOŚ brokerage house, which will act as a market maker for the company’s shares.
General information about BEST
BEST S.A. has been listed on the Warsaw Stock Exchange since 1997, as a company specialising in the trading and management of non-performing debts. The BEST Group actively invests in debt portfolios (especially in the field of banking) with the use of securitisation funds, as well as providing debt collection services for third parties: banks, telecommunication 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 claims with a total nominal value of PLN 8.8 billion (as of the end of 2014), and the non-public assets fund BEST Capital FIZAN.
For more information visit www.best.com.pl or contact:
tel. 22 826 74 18 / mob. 516 173 691
tel. 22 826 74 18 / mob. 514 985 845