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Pegas Nonwovens SA (PGSN.PR)

PGSN.PR on Prague Stock Exchange

832.90CZK
10:24am EST
Change (% chg)

0.90Kč (+0.11%)
Prev Close
832.00Kč
Open
820.00Kč
Day's High
834.00Kč
Day's Low
820.00Kč
Volume
1,292
Avg. Vol
13,602
52-wk High
1,027.00Kč
52-wk Low
759.10Kč

Latest Key Developments (Source: Significant Developments)

Pegas Nonwovens calls bondholder meeting
Tuesday, 28 Nov 2017 07:59am EST 

Nov 28 (Reuters) - Pegas Nonwovens Sa ::PEGAS NONWOVENS ANNOUNCES CONVENING OF BONDHOLDER MEETING.PEGAS SAYS BONDHOLDER MEETING TO VOTE ON AGREEMENT WITH MOVING SEAT OF COMPANY TO CZECH REPUBLIC.PEGAS NONWOVENS SAYS BONDHOLDER MEETING TO VOTE ON RESOLUTION ESTABLISHING A TIME LIMIT FOR THE EXERCISE OF PREMATURE REPAYMENT RIGHTS.  Full Article

Czech firm Pegas confirms 2017 EBITDA outlook at 43-50 mln euros
Thursday, 16 Nov 2017 01:50am EST 

Nov 16 (Reuters) - Pegas Nonwovens Sa :confirms 2017 outlook for earnings before interest, taxes, depreciation and amortisation (EBITDA) at 43-50 million euros.in the third quarter, EBITDA dropped by 9 percent year-on-year to 10.3 million euros due to the effect of the polymer price pass-through mechanism .the artificial textile maker reports third quarter revenues rose by 9 percent to 55.7 million euros.net profit falls by 87 percent to 0.7 million euros in the third quarter mainly due to unrealised foreign exchange changes booked in the compared periods .  Full Article

Pegas Nonwovens non-executive chairman Modecki to resign at end-2017
Monday, 30 Oct 2017 03:00am EDT 

PRAGUE, Oct 30 (Reuters) - Pegas Nonwovens :** Marek Modecki, the non-executive chairman of the board of Pegas Nonwovens, will resign at the end of 2017, he said in a letter posted on the artificial textile maker's website..  Full Article

R2G says acquired 77.66 percent of Pegas Nonwovens stock in takeover offer
Tuesday, 10 Oct 2017 01:32pm EDT 

Oct 10 (Reuters) - Pegas Nonwovens Sa :Czech family office R2G says acquired 77.66 percent of Pegas Nonwovens stock in voluntary takeover offer.R2G held 10.83 pct of stock prior to offer.Did not hit threshold for additional offer to buy out remaining shareholders.  Full Article

Czech textile company Pegas lines up deal for new production line
Thursday, 28 Sep 2017 11:11am EDT 

PRAGUE, Sept 28 (Reuters) - Pegas Nonwovens :* Artificial textiles manufacturer Pegas says has signed a memorandum of understanding to buy a new production line for its plant at Znojmo in the Czech Republic..* Company says annual production capacity will be 8,000-15,000 tonnes, part of which will be used for research and development..* Final contract with the privately held Reifenhaeuser Reicofil is expected to be concluded by the end of 2017..  Full Article

R2G builds 74.73 percent stake in Pegas Nonwovens
Tuesday, 26 Sep 2017 02:31am EDT 

Sept 26 (Reuters) - Pegas Nonwovens Sa :Pegas says R2G holds 74.73 percent stake after voluntary bid.notification was made in connection with the revocable acceptances received by R2G Rohan Czech in the context of the voluntary takeover bid .investment firm R2G, previously the second largest shareholder in Pegas with a 10.82 percent stake, said in July its investment vehicle R2G Rohan Czech would bid 1,010 crowns per share, valuing Prague-listed Pegas at 8.9 billion crowns nL5N1LU1BM.offer ended on Monday.  Full Article

Pegas Nonwovens says R2G has raised holding in Pegas to 51.28 percent
Thursday, 21 Sep 2017 10:27am EDT 

Sept 21 (Reuters) - Pegas Nonwovens Sa :Pegas nonwovens says R2G has raised stake in pegas to 51.28 percent.Says R2G notifed that it held 10.83 percent as of Sept 21 and by Sept 20 R2G received notification of accpetance of its takeover bid by holders of another 40.45 percent .  Full Article

Pegas Nonwovens gets approval for delisting of Warsaw shares
Monday, 18 Sep 2017 10:29am EDT 

Sept 18 (Reuters) - Pegas Nonwovens Sa :says Warsaw stock exchange approved delisting of Pegas stock, decision takes effect Sept 19.Tuesday to be last day of trading for shares in Warsaw.  Full Article

R2G says Pegas board supports offer price of CZK 1,010/share
Friday, 25 Aug 2017 12:47am EDT 

Aug 25 (Reuters) - Pegas Nonwovens :R2G says Pegas board supports R2G's voluntary offer price of CZK 1,010/share.Board position says offer price is "fair".Offer launched on Aug 25 and valid until Sept 25.Board says offer in line with company strategy in respect of future growth .R2G says in takeover offer prepared to provide "significant" financing for growth including reinvestment of profits; ready to absorb short-term losses and limit or halt dividend.Board says R2G readiness to lower or halt dividend payments to support growth not in line with currently valid dividend policy.Pegas board says board member Jan Sykora of Wood & Company whose funds hold 28.8 percent of Pegas stock decided not to take part in decision-making related to takeover bid.Stock closed at 1,019 crowns on Thursday.  Full Article

Pegas Q2 profit falls 89 pct; company confirms 2017 EBITDA guidance
Thursday, 24 Aug 2017 12:35am EDT 

Aug 24 (Reuters) - Pegas Nonwovens Sa :says second-quarter net profit fell 89 percent year-on-year to 0.8 million euros due to significant rise in polymer prices.says second-quarter earnings before interests, taxes, depreciation and amortisation (EBITDA) dropped by 16 percent year-on-year to 9.5 million euros .says confirms guidance for 2017, expecting EBITDA at 43-50 million euros.analysts in a Reuters poll expected Pegas to report 2.15 million euros of net profit and 10.23 million euros EBITDA for the second quarter.  Full Article

BRIEF-Pegas Nonwovens calls bondholder meeting

* PEGAS SAYS BONDHOLDER MEETING TO VOTE ON AGREEMENT WITH MOVING SEAT OF COMPANY TO CZECH REPUBLIC