PCLA Cement Maker Wants to Withdraw its Shares from Public Trading

PCLA Cement Maker Wants to Withdraw its Shares from Public Trading
Published: 17 January 2007

Cement producer Povazska Cementaren a.s. Ladce (PCLA) decided is withdrawing its shares from the Bratislava Stock Exchange (BCPB). Its shareholders made this decision at the at the extraordinary general meeting on January 3.

The firm is now obliged to announce a mandatory bid to buy shares from those shareholders, who did not vote for withdrawal of the shares from public trading, or those who did not attend the meeting. The core business of firm is production of cement.

The firm has been using alternative fuel in cement production for the past 22 years, including rubber, textiles, paper, or PVC.

Share capital stands at SKK 338.5 million. The company significantly improved its performance in the first six months of this year. While the company posted a profit of SKK 705,000 in the first six months of last year, the profit climbed to nearly SKK 23m  in the same period of this year. 
 
 Company’s output reached SKK 750.1m, down by 9.9 per cent.