Orco to delist from Prague next month

The last trading day for shares in the troubled developer will be September 19th Confirmation of the final delisting date is subject to a decision by the Prague bourse. Orco’s Company shares will remain listed and traded on the regulated markets of NYSE Euronext in Paris and the Warsaw Stock Exchange. The decision to delist was originally announced in early July, when the company explained that the decision had be taken “due to low trading volumes and in order to reduce costs related to the listing and reporting”. Orco’s share price on the PSE has fallen by around 75 pct over the last year.