Brief: Hiddn Solutions Updates On Financial Situation

Arribatec ASA

05/07/2019 07:57

July 5 (Reuters) - Hiddn Solutions ASA  HIDDNS.OL :
    * SAID ON THURSDAY AS ANNOUNCED, CO IS INSOLVENT
    * THE BOARD CONSIDERS THAT THERE ARE GROUNDS TO CONTINUE A
PROCESS, SAFEGUARDING CREDITOR INTERESTS, WHEREBY IT EXPLORES
POSSIBILITIES FOR THE COMPANY, WHICH COULD ALSO BE IN THE
SHAREHOLDERS' INTERESTS
    * BOARD IS CONTINUING DISCUSSIONS WITH THIRD PARTIES, AND
WILL
CONSIDER ARRANGEMENTS OR ACTIONS THAT COULD BE OF INTEREST TO
THE COMPANY
    * UNLESS THE BOARD IS SUCCESSFUL IN THESE EFFORTS, THE
BOARD'S
OPINION IS THAT THERE IS NO SHAREHOLDER VALUE IN THE COMPANY
    * BOARD HAS SET PRELIMINARY DEADLINE SET TO JULY 11, 2019
FOR THIS
CONTINUED PROCESS

    
 Source text for Eikon:  ID:nObiqZzhna 
    
 Further company coverage:  HIDDNS.OL  
   


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