Kernel manager sells its stake for USD 1.77mln in Kernel Holding

Kernel manager sells its stake for USD 1.77mln in Kernel Holding

Warsaw Stock Exchange made the announcement

A legal entity associated with one of the managers of the Kernel group of companies sold 101,985 shares of Kernel Holding S.A. (Luxembourg), according to Warsaw Stock Exchange (WSE). The average price of a share was at PLN61.34 ($ 17.41 at the exchange rate of the National Bank of Poland on September 8). At the same time, Kernel's share price fell by 1.7% to PLN59.96 per share on September 8.

To remind, the manager of Kernel sold more than 3 thousand shares of Kernel Holding earlier in July this year. Before this, Kernel also sold one of its export terminals located in the Mykolayiv region of Ukraine.

Kernel is the largest producer and exporter of sunflower oil in Ukraine. The company is engaged in the production and export of grains too. In addition, Kernel provides services for storing crops in the elevators, and also sells bottled sunflower oil under the brands of Shchedry Dar, Stozhar, and Chumak Zolota.

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