The board of directors at PolyPlank has decided to postpone the publication of the Annual report.
The basis for the decision is the decision to divest the subsidiary Fröseke Panel AB as announced in the company’s interim report. Negotiations are taking place with stakeholders and is expected to be completed shortly. The board’s assessment is that this may affect the annual report for 2016
In order to develop Fröseke Panel to a profitable unit requires a completely different focus, and supplementing of other products that don’t really fit in PolyPlanks actual business model. At each meeting of the board be taken into consideration in the first instance, is best for the shareholders in the PolyPlank with regard to earnings and cash flow for the group. It has also come to light requests from the shareholders on a disposal.
For further information, please contact:
Ceo Cay Strandén
Phone 0485 66 44 80
This information is such information that the Company is obliged to publish under the EU marknadsmissbruksförordning. The information was submitted, by the above contact person in the government, for publication on 5 June 2017, there is a 15:00 CET.
PolyPlank has developed and established a unique method to manufacture products by using recycled plastics and organic fibers without additives. PolyPlanks products has a number of advantages over the alternatives, for example, the products have the positive material and machining performance, good resistance to moisture and rot, high impact strength in a wide temperaturspann, long service life. Furthermore, the products can be recycled, which is a positive effect on the environment, but also pose a significantly lower cost of materials over a period of time.
PolyPlank is traded on the NASDAQ OMX First North under the designation POLY. The share’s ISIN code is SE0005569290. Mangold Fondkommission AB is the Certified Adviser, www.mangold.se
PolyPlank AB (publ)
Storgatan 123, SE-386 35 Others.
Tel 0485-664480 Fax 0485-664499.