Wabererʼs enters Budapest bourse

Initiatives

Hungarian road haulage company Waberer’s is listing shares on the Budapest Stock Exchange (BSE) as of today (October 6), a resolution by Zsolt Katona, BSE CEO, revealed late yesterday.

The company is listing 14,654,028 securities with a face value of €0.35, which add up to a total nominal value of €5,128,910, the resolution says.

As Waberer’s is still a private company limited by shares (Zrt. in Hungarian), trade in the shares is not yet possible. However, if the company complies with “additional requirements” within 90 days of the listing, it may apply for trading to start.

Stock exchange regulations require a Zrt. to attach a resolution on the modification of its type of operation to a public company limited by shares (Nyrt.) to its application for listing, along with the minutes of the general meeting that approved the resolution, Hungarian news agency MTI said yesterday.

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