IPS held an extraordinary shareholders meeting yesterday. Shareholders elected four (of six) new members of the supervisory board, Skanska representatives all. Consequently, shareholders approved changes to the articles of association - the board of directors will now have five members (vs. previous seven). Skanska reiterated that it would start a delisting of IPS’s stock as soon as possible. Skanska’s buyout offer for minority shareholders, at CZK 191 per share, is effective July 27 for a minimum of 60 days.
(Ladislav Kovář)