Assembly Meeting votes for entrance onto GPW
24 June 2010
On June, 23 2010 Assembly Meeting of the LUG S.A. shareholders took the decision of the Company entrance onto the main stock exchange market. This resolution was supported by all shareholders holding 65,76% of the company capital and being present at the Assembly Meeting. The Company debut at the main stock exchange is scheduled for 1Q 2011. The relocation will not incorporate additional shares emission.
-„As previously expected, the shareholders took the unanimous decision concerning the Company entrance onto controlled exchange market. Thereby, we are going to launch an emission folder preparation process soon. Furthermore, we have been completing all required improvements implementations related with i.e. accounting standards. We expect, that the debut shall succeed in the 1st quarter of 2011, however certainly it will depend on the procedures progress including the emission folder approval.” – says Mr. Ryszard Wtorkowski, President of the LUG S.A. Executive Board.
In 2010, LUG expects two-digit revenue increase as well as a positive net financial result. The geographic sales income structure, in particular referring to the LUG export sales shall reach the level of at least 50%.
-„As previously expected, the shareholders took the unanimous decision concerning the Company entrance onto controlled exchange market. Thereby, we are going to launch an emission folder preparation process soon. Furthermore, we have been completing all required improvements implementations related with i.e. accounting standards. We expect, that the debut shall succeed in the 1st quarter of 2011, however certainly it will depend on the procedures progress including the emission folder approval.” – says Mr. Ryszard Wtorkowski, President of the LUG S.A. Executive Board.
In 2010, LUG expects two-digit revenue increase as well as a positive net financial result. The geographic sales income structure, in particular referring to the LUG export sales shall reach the level of at least 50%.