WARSAW: TVN (www.tvn.pl) shares stopped being listed on the Warsaw Stock Exchange Market on 9 September 2015 as part of Scripps Networks Interactive strategy, which has used its sub-companies to acquire all the shares of the private broadcaster.
On June 2015 Scripps Networks bought 52.7 % of TVN shares and now, after using its sub-companies to acquire the rest, it controls 98.76 % of the shares. TVN shares have stopped being listed on the WIG40, WIG39, WIG30TR, WIG, WIG-Poland and WIG-media indexes.
"The operation of de-listing the TVN shares from these indexes is a result of the regulations stating that companies which have less than 10% of free stocks cannot be listed on the stock exchange," Warsaw Stock Exchange informed FNE.
The Film New Europe (FNE) Association is the networking platform for film professionals in the CEE/SEE/Baltics region. The webportal and FNE newswire was chosen as the MAIN TOOL to achieve the network’s objectives of the sharing of know how, visibility of regional cultural diversity and finally the VOICE of the region.
FNE’s objectives include VISIBILITY for the region and AUDIENCES for films by providing a special focus on the region.