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Plotinus postpones delisting on lack of quorum

Investment company Plotinus Holding said Wednesday it had to delay a decision on its proposed delisting from the Budapest Stock Exchange due to the lack of a quorum at its general meeting, Hungarian wire service MTI reported.

(Photo provided by the Budapest Stock Exchange)

The board wants to put the issue of delisting on the agenda again at the companyʼs next annual general meeting, Plotinus said. 

In January, Plotinus said its board would propose a delisting and order a share and bond buyback. 

Plotinus said its presence on the bourse had "tied up significant resources without producing significant benefit."