Sweden – MRG applies for de-listingBy Phil - 31 January 2019
Following that William Hill controls approximately 92% of the shares in Mr Green & Co AB and has initiated compulsory redemption proceedings regarding the remaining shares in the Company, the Board of MRG has resolved to apply for de-listing of the company’s shares from Nasdaq Stockholm.
On 21 January 2019, William Hill declared the public offer for MRG unconditional and completed the offer. After the completion, William Hill owns approximately 92% of the shares in MRG. William Hill has also initiated compulsory redemption proceedings regarding the remaining shares in the Company.
In light of the above, and in accordance with William Hill’s proposal, the Board of MRG has resolved to apply for de-listing of the Company’s shares from Nasdaq Stockholm. The last day of trading in the Company’s shares on Nasdaq Stockholm will be announced as soon as the Company has received confirmation thereof from Nasdaq Stockholm. If the last day of trading will occur before 26 February 2019, the Company will not publish its year-end report for 2018.
As previously announced, the Board of MRG has convened an Extraordinary General Meeting to be held on 22 February 2019, for the purposes of, amongst other things, appointing a new Board. For more information, please see the separate press release with the notice to the Extraordinary General Meeting.