Kernel Holding Says Minority Shareholders Challenge Luxembourg Regulator’s Decision On Sell-Out Price

By Reuters News

Oct 20 (Reuters) - Kernel Holding KER.UAX:

  • SAID ON MONDAY THAT FOUR MINORITY SHAREHOLDERS HAD CHALLENGED LUXEMBOURG REGULATOR CSSF'S DECISION SETTING MANDATORY SELL-OUT PRICE AT 19.93 ZLOTYS PER SHARE

  • APPLICATIONS SEEK ANNULMENT AND SUSPENSION OF CSSF DECISION ON MANDATORY SELL-OUT PRICE

  • SUSPENSION, IF GRANTED, MAY AFFECT TIMETABLE AND FINANCIAL TERMS OF SELL-OUT

  • NO CLAIMS MADE AGAINST COMPANY OR MAJORITY SHAREHOLDER NAMSEN IN COURT CASES

  • LUXEMBOURG COURT HEARING ON SUSPENSION OF CSSF DECISION IS SCHEDULED FOR OCT 26

  • MANDATORY SELL-OUT PROCEEDING CONTINUES UNLESS SUSPENDED, WITH FINAL SETTLEMENT EXPECTED ON JAN 4, 2027


Source text:
Further company coverage: KER.UAX

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.