FOR INMEDIATE RELEASE, JUNE 20TH, 2018.
BUENOS AIRES, ARGENTINA. Facundo Corp – the leading corporation on industrial and consumer services – is announcing that is halting trade of its stock on the New York Stock Exchange (NYSE) under the ticket ‘FCORP’ effectively immediately. The company is also announcing a share buy-back program with the intent to acquire 100% of the issued shares of the company. Facundo Corp has already several purchase agreements in place that equal to approximately 89% of the issued shares and is working to get the remaining percentages.
“After careful consideration and close work with our partners and Governments we came to the realization that we need to implement these actions in order to complete our transition to our new global headquarters in The Kingdom of Monaciencio. This move doesn’t speak about the company’s financial situation or its operations, but it is merely a necessity in order complete the jurisdiction change that will allow us continue working towards our goal”, said Facundo Pignanelli, CEO and Chairman of the Board, in a statement.
Management will conduct a conference call with investors to announce the specifics of the buy-back program today, after market closure. The call can be accessed via the Investor Relations section of the company’s website.
Facundo Corp operates many industrial, consumer and financial services across the world. The company’s website can be found at facundocorp.000webhostapp.com/.
For additional information please contact:
Martín Gomez