CEZ and Wood & Company Financial Services have concluded an agreement about cooperation during the planned entry of CEZ shares onto the Warsaw Stock Exchange.
We are working towards entering the Warsaw exchange by the end of first half of this year. Currently prospectus preparation is under way, and simultaneously, we have repeatedly assured at meetings with Polish investors that the dual listing of our shares in Poland is meaningful, said Petr Voboril, CFO of CEZ.
Wood & Co is going to participate in the process of preparing the prospectus, its approval by the Czech National Bank and its acceptance by the Polish security and exchange commission.
Furthermore, the company’s services will be used on securing the admission of CEZ shares to the Warsaw Stock Exchange, the establishment of the functional system for settlement of trades with CEZ shares on the Warsaw exchange, communication with Polish investors and securing the maximum share liquidity after their listing.
Poland is a strategic market for CEZ within its expansion in central and southeastern Europe. At the end of this January, CEZ concluded a contract to acquire two Polish power companies Elcho and Skawina.
However, CEZ’s entry onto the Warsaw Stock Exchange was also initiated by the opportunities being offered by the developed capital market in Poland. Even Polish pension funds, which are otherwise dramatically limited by regulations in their investments outside Poland, will have an access to the CEZ shares, the firm said in a statement.