Cra will hold an EGM on 15 October upon request by its majority owner Bivideon. The agenda includes (i) share buy-back assuming the following conditions: (1) Cra may buy back a maximum of 10% of the total outstanding shares, (2) Cra will not hold these share for more than 1.5 years and (3) the maximum buy-out price would be CZK 440 per share, and (ii) a discussion regarding the de-listing of Cra's shares and preparation for a consequent buy-out offer at a price no higher than CZK 440 per share. Bivideon is also proposing to change the shares from book to bearer.
Tomáš Gatěk