Czech Republic: Extraordinary General Meeting held at Plzeтskэ Prazdroj

The Extraordinary General Meeting of Plzeòský Prazdroj. held on August 26 approved the purchase of shares held by minority shareholders.

The Extraordinary General Meeting was convened to comply with the request of the majority shareholder, based on Sec. 183i of the Czech Commercial Code. Pilsner Urquell Investments B.V. is the company’s majority shareholder with 96.85% of the registered capital.

The consideration proposed by the majority shareholder of CZK 17,686 per 1 share with a nominal value of CZK 1,000, or of CZK 177 per 1 share with a nominal value of CZK 10, was approved. Two independent evaluations by Deloitte and E&Y Valuations experts, confirmed the adequacy of the consideration.

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