The Prague Stock Exchange (PSE) has decided to exclude Cra from the SPAD system as of 23 September (today). The stock will remain listed in the KOBOS system (continued trading). The exclusion of Cra from the SPAD system was expected given the significant drop in trading volume after the minorities buy-out, which ended on 9 September. The number of market makers willing to quote the stock subsequently fell below the required level of 3. Cra's majority owner, Bivideon, announced after the end of the buy-out that its holding in the company exceeds 94%. We expect the trading volume to decrease further.
Tomas Gatek, Patria Finance