Park Street A/S Announces Rollback of Share Capital Reduction
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Park Street A/S Announces Rollback of Share Capital Reduction
Overview of Share Capital Changes
With reference to previous announcements, Park Street A/S has confirmed an important decision regarding its share capital structure. The Company has issued an update related to the cancellation of treasury class A shares, which were incorrectly attributed to the account of Park Street NordAc S.a.r.l. during the recent conversion of class B shares into class A shares.
Details of the Rollback
Following the approval from the Danish Business Authority, Park Street A/S will roll back the earlier share capital reduction. This process involves re-issuing 2,955,585 class A shares. Notably, 2,137,939 of these shares will be allocated to Park Street NordAc S.a.r.l., rectifying the previous allocation error.
Upcoming Trading and Listing Plans
The Company intends to submit an application for the admission to trading and official listing of these newly re-issued class A shares on Nasdaq Copenhagen. This step is integral to enhancing liquidity and investor confidence in the share structure of Park Street A/S.
Current Capital Composition
Post rollback, the Company’s share capital will amount to DKK 57,175,572. This capital is divided into 12,827,637 class A shares and 44,347,935 class B shares, each with a nominal value of DKK 1.00. The formal adjustment ensures accuracy in reporting and reflects the sound management of Park Street A/S’s equity structure.
Contact Information
For further inquiries, investors and interested parties can contact Pradeep Pattem, CEO of Park Street A/S, via email at parkstreet@parkstreet.dk. The Company is committed to transparency and will provide updates as necessary.
Frequently Asked Questions
What is the main reason for the rollback in share capital reduction?
The rollback addresses an allocation error related to treasury shares in the previous conversion process of class B shares into class A shares.
How many class A shares are being re-issued?
A total of 2,955,585 class A shares will be re-issued, which includes a specific allocation to Park Street NordAc S.a.r.l.
When will the new shares be listed on the stock exchange?
The Company plans to submit an application for trading and official listing on Nasdaq Copenhagen as soon as practical.
What is the current share capital of Park Street A/S?
The share capital currently amounts to DKK 57,175,572, divided among class A and class B shares.
Who can I contact for more information?
Pradeep Pattem, the CEO, is available for contact via email at parkstreet@parkstreet.dk for any inquiries regarding the recent changes.
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