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Jastrzębska Spółka Węglowa SAJSW coal's board agrees to redeem approx. PLN 500 mln certificates
Listed coking coal group JSW's management has agreed to redeem investment certificates under the company's close-end investment fund in the total estimated amount of PLN 500 million (EUR 116.1 mln) in January 2025, the company said in a market filing.
The decision to redeem the investment certificates under the company's close-end investment fund (FIZ) in accordance with JSW's articles of association, still requires the consent of the company's supervisory board.
The funds obtained from the redemption of the FIZ investment certificates will be used both for purposes related to JSW's current operations and for the implementation of investment activities.
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