The National Securities Market Commission (CNMV) has decided to provisionally suspend the listing of the industrial certification and ITV company Applus+, a measure that will be maintained “until the company’s shares are delisted from trading,” according to The organization reported in a statement.
“Precautionarily suspend, with immediate effect (…) the trading on the stock exchanges and in the Stock Market Interconnection System of the shares of Applus Services and other securities that give the right to their subscription, acquisition or sale, upon completion of the acceptance period of the takeover bid (public acquisition offer) formulated by Amber EquityCo on the shares of Applus Services for their exclusion”, details the CNMV.
“This suspension will be maintained until the definitive exclusion from trading of the shares of the aforementioned company occurs,” the document adds.
Extraordinary meeting
In this context, it is worth remembering that this past Thursday the board of directors of Applus+, at the request of Amber EquityCo (the joint company of the ISQ and TDR funds with which they control the company), agreed to call an extraordinary meeting of shareholders for the next December 19 with the aim of adapting the company’s statutes to its delisting from the stock market.
In a statement sent to the CNMV, the company detailed the agenda of the extraordinary meeting, which includes in its first point the modification of the company’s bylaws “in order to adapt its content to the new condition” of the firm. as an “unlisted public limited company”.
The other items on the agenda include the repeal of the directors’ remuneration policy and the regulations of the general meeting of shareholders.
It also includes the modification of the company’s administrative body and the appointment of the company’s CEO, Joan Amigó, as its sole administrator.
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