PST Group AB Moves Forward with Share Delisting Request
In an important development, PST Group AB has taken steps to delist its shares from the regulated market of Nasdaq Vilnius. This request, submitted to AB Nasdaq Vilnius, indicates a significant strategic decision by the Company.
Background on the Delisting Request
The decision to delist follows thorough compliance with all legal requirements set forth by regulations. On June 30, 2025, during an extraordinary general meeting, shareholders of PST Group AB, alongside the controlling shareholder AB 'HISK', voted on and approved the proposal to delist the shares from trading. This approval was essential to ensure that all proper procedures were followed, allowing for a smooth transition during this process.
Implementation of Tender Offer
As part of this move, PST Group AB has implemented a tender offer aimed at facilitating the delisting from Nasdaq. Tender offers are typically made to acquire shares from existing shareholders in order to provide liquidity during the delisting period. This vital step was undertaken to ensure that all shareholders are fairly considered as PST Group navigates this transition.
Timeline and Future Steps
PST Group AB has requested that Nasdaq set the effective date of the delisting no later than November 31, 2025, which marks the last trading day for the Company on this market. However, it is essential to highlight that the final date of delisting hinges on Nasdaq's decision-making process, which remains to be finalized. According to the current regulations, once the Board of Nasdaq adopts the delisting decision, it could take up to six months for the delisting to take effect.
Communication of Delisting Information
Once Nasdaq formulates its decision regarding the delisting of PST Group's shares, the Company will communicate the finalized delisting date to its stakeholders, ensuring transparency in this critical transition process.
Contact Information for Further Inquiries
For those interested in more information regarding this delisting process, Tomas Stukas, the Managing Director of PST Group AB, is the primary contact person. He can be reached at the following number: +370 618 21360. This direct line of communication will facilitate any queries regarding the Company's future plans and details surrounding the delisting.
Frequently Asked Questions
What is the reason for PST Group AB's delisting request?
The delisting request is part of a strategic decision approved by the shareholders and the controlling entity, aligning with necessary regulatory procedures.
When is the expected delisting date for PST Group AB?
The Company has requested that the effective delisting date be no later than November 31, 2025, but the final timing will depend on Nasdaq's decision.
Who should be contacted for more information about the delisting?
Tomas Stukas, the Managing Director of PST Group AB, is the primary contact for inquiries about the delisting process.
What happens to shareholders during the delisting?
A tender offer was made to shareholders to acquire their shares, ensuring a smooth transition and providing liquidity.
Will PST Group AB communicate updates about the delisting?
Yes, the Company will inform stakeholders once Nasdaq reaches a decision regarding the delisting and its effective date.
