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Impexmetal SA (IPXP.WA)

IPXP.WA on Warsaw Stock Exchange

3.95PLN
8:40am EDT
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Latest Key Developments (Source: Significant Developments)

Impexmetal To Start Share Buy-Back Program On May 30
Tuesday, 29 May 2018 08:52am EDT 

May 29 (Reuters) - IMPEXMETAL SA ::TO START ITS SHARE BUY-BACK PROGRAM ON MAY 30.TO BUY UP TO 75 MILLION OF ITS OWN SHARES REPRESENTING 39.06 PERCENT STAKE IN CO.TO BUY SHARES IN ORDER TO REDEEM THEM, PROGRAM TO END BY JUNE 15, 2021.IN FEBRUARY THE COMPANY INFORMED THAT IT ALLOTED 404.5 MILLION ZLOTYS FOR THE SHARE BUY-BACK.  Full Article

Boryszew Updates On Potential Sale Of Automotive, Aluminum Processing Assets
Monday, 16 Apr 2018 04:49am EDT 

April 16 (Reuters) - BORYSZEW SA ::ENDS PROCESS REGARDING POTENTIAL SALE OF AUTOMOTIVE, ALUMINUM PROCESSING ASSETS OF CO TO POTENTIAL INVESTOR.ITS REVISION OF STRATEGIC OPTIONS TO BE CONTINUED.IN JANUARY CO INFORMED ABOUT POTENTIAL INTEREST OF INVESTOR IN A TAKEOVER OF ALUMINIUM KONIN PLANT nL8N1P60MM.  Full Article

Outstanding Tax Liability Of ZM Silesia Set At 28.9 Mln Zlotys Plus Interest
Monday, 12 Mar 2018 12:58pm EDT 

March 12 (Reuters) - IMPEXMETAL SA AND BORYSZEW SA ::RECEIVE INFORMATION FROM TAX AUTHORITIES WHICH SET OUTSTANDING TAX LIABILITY OF THEIR UNIT ZM SILESIA.OUTSTANDING TAX LIABILITY OF ITS UNIT SET AT 28.9 MILLION ZLOTYS PLUS INTEREST OF 15.5 MILLION ZLOTYS.OUTSTANDING TAX LIABILITY RELATES TO VAT TAX FOR 2012.TAX AUTHORITIES' DECISION IS NOT FINAL AND NOT BINDING.BOTH COS PLAN TO APPEAL AGAINST IT AND PLAN TO RECOGNIZE THE RELATED RISK IN THEIR FINANCIAL STATEMENTS FOR FY 2017.  Full Article

Impexmetal Creates 23.5 Mln Zloty Write-Off On Shares Of Alchemia
Thursday, 1 Mar 2018 11:10am EST 

March 1 (Reuters) - IMPEXMETAL SA ::CREATES ABOUT 23.5 MILLION ZLOTY WRITE-OFF ON SHARES OF ALCHEMIA SA <<>> THAT CO OWNS.FINAL VALUE OF WRITE-OFF CAN CHANGE AND WILL BE DISCLOSED IN FY 2017 REPORT ON MARCH 15.  Full Article

Impexmetal Allots 404.5 Mln Zlotys More For Share Buyback
Monday, 19 Feb 2018 10:01am EST 

Feb 19 (Reuters) - IMPEXMETAL SA ::SAYS ITS SHAREHOLDERS RESOLVE TO INCREASE RESERVE CAPITAL FOR FINANCING OWN SHARES' BUYBACK BY 404.5 MILLION ZLOTYS.SHAREHOLDERS RESOLVE TO BUY BACK UP TO 75 MILLION OWN SHARES REPRESENTING 37.5% OF COMPANY'S SHARE CAPITAL .  Full Article

Krezus Signs LOI With Boryszew For Acqusition Of WMD
Thursday, 18 Jan 2018 05:45am EST 

Jan 18 (Reuters) - Krezus Sa ::SIGNS A LETTER OF INTENT (LOI) WITH BORYSZEW <<>> FOR ACQUSITION OF WM DZIEDZICE.THE FINAL PRICE FOR WM DZIEDZICE (WMD) TO BE SET FOLLOWING NEGOTIATIONS AND WILL BE AROUND 160 MILLION ZLOTYS.THE LOI IS VALID UNTIL MAY 31, 2018.BORYSZEW AND IMPEXMETAL <<>> INFORMED THAT THEY JOINED PRELIMINARY TALKS WITH KREZUS ON JAN. 15 nL8N1PB0YT.  Full Article

Krezus Plans To Acquire WMD For 160 Mln Zlotys
Tuesday, 16 Jan 2018 02:34am EST 

Jan 16 (Reuters) - KREZUS SA , BORYSZEW , IMPEXMETAL ::BORYSZEW AND ITS UNIT IMPEXMETAL SAID ON MONDAY THAT THEY HAVE RECEIVED AN OFFER FROM KREZUS FOR AN ACQUISITION OF WALCOWNIA METALI DZIEDZICE (WMD) FOR 160 MILLION ZLOTYS.KREZUS SAYS THAT THE FINAL PRICE WOULD BE SET AFTER DUE DILIGENCE CHECKS AND THE COMPANY PLANS TO PAY FOR THE TRANSACTION FROM AN INVESTMENT LOAN AND OWN FUNDS.BORYSZEW AND IMPEXMETAL INFORMED THAT THEY HAVE JOINED PRELIMINARY TALKS WITH KREZUS BUT THAT NO DECISION HAS BEEN MADE YET REGARDING THE POTENTIAL TRANSACTION.ALL THREE FIRMS ARE CONTROLLED BY THE POLISH BUSINESSMAN RYSZARD KARKOSIK.  Full Article

Impexmetal To Revise Strategic Options
Thursday, 11 Jan 2018 01:48am EST 

Jan 11 (Reuters) - IMPEXMETAL SA ::SAID ON WEDNESDAY THAT IT RECEIVED INFORMATION FROM BORYSZEW SA <<>> ABOUT POTENTIAL INTEREST OF INVESTOR IN A TAKEOVER OF ALUMINIUM KONIN PLANT .MANAGEMENT TEAM DECIDED TO COOPERATE WITH BORYSZEW, CO'S PARENT COMPANY, ON REVISION OF STRATEGIC OPTIONS DURING WHICH CONDITIONS OF POTENTIAL TRANSACTION MIGHT BE SETTLED .  Full Article

Boryszew Revokes Its FY 2017 Financial Forecast
Wednesday, 3 Jan 2018 02:22am EST 

Jan 3 (Reuters) - BORYSZEW SA ::SAID ON TUESDAY THAT IT HAS DECIDED TO REVOKE ITS FINANCIAL FORECAST FOR 2017.ITS MANAGEMENT PLANS TO INCLUDE IN ITS CONSOLIDATED FY 2017 FINANCIAL STATEMENTS THE RISKS RELATED TO THE TAX CONTROL PROCEEDINGS AT ITS INDIRECTLY OWNED UNIT, ZM SILESIA SA.IN MARCH 2017, THE COMPANY SAW FY 2017 EBITDA OF 539.7 MILLION ZLOTYS AND NET PROFIT OF 305.5 MILLION ZLOTYS nFWN1H602M.TAX AUTHORITIES HAVE INITIALLY DETERMINED FOR ZM SILESIA THE AMOUNT OF VAT TAX DUE FOR SOME MONTHS OF 2012 AT ABOUT 29 MILLION ZLOTYS.ACCORDING TO THE TAX REGULATOR ZM SILESIA DID NOT KEEP DUE DILIGENCE IN VERIFYING THE TAX RELIABILITY OF SOME OF ITS SUPPLIERS WHO DID NOT PAY THE DUE VAT TAX.CONSEQUENTLY, ACCORDING TO THE TAX REGULATOR, ZM SILESIA DID NOT HAVE THE RIGHT TO REDUCE THE TAX DUE FOR INPUT TAX SHOWN ON INVOICES ISSUED BY THESE CONTRACTORS.SAID ZM SILESIA INTENDS TO DEFEND ITS POSITION ON LACK OF ANY TAX ARREAR FOR THAT YEAR.IMPEXMETAL SAID ON TUESDAY IT ALSO WILL INCLUDE IN ITS FY 2017 FINANCIAL STATEMENTS THE RISKS RELATED TO THE TAX CONTROL PROCEEDINGS AT ZM SILESIA.  Full Article

Impexmetal Q3 net profit down at 44.7 mln zlotys
Friday, 10 Nov 2017 11:25am EST 

Nov 10 (Reuters) - IMPEXMETAL SA ::Q3 NET PROFIT 44.7 MILLION ZLOTYS VERSUS 49.1 MILLION ZLOTYS YEAR AGO.Q3 REVENUE 839.6 MILLION ZLOTYS VERSUS 724.4 MILLION ZLOTYS YEAR AGO.Q3 OPERATING PROFIT 63.0 MILLION ZLOTYS VERSUS 67.3 MILLION ZLOTYS YEAR AGO.  Full Article