Brief: Astrocast: Financial Update And Expected De-Listing

Astrocast SA

12/04/2024 07:36

April 12 (Reuters) - Astrocast SA  ASTRO.OL :
    * FINANCIAL UPDATE AND EXPECTED DE-LISTING
    * DISCUSSIONS ARE ONGOING, BUT WORK HAS TO DATE NOT RESULTED
IN
AVAILABLE ALTERNATIVES THAT CAN IMPROVE LIQUIDITY POSITION
    * FINANCIAL SITUATION OF COMPANY REMAINS CRITICAL
    * BOD AND MANAGEMENT ARE ACTIVELY WORKING ON PLAN TO RAISE
NEW
FUNDS AND FURTHER MEASURES TO REMEDY OVER INDEBTEDNESS AND
SECURE FINANCING OF CO FOR NEXT 12 MONTHS
    * SHOULD LACK OF FUNDING EXTEND FURTHER TO END OF APRIL
2024,
BOARD OF DIRECTORS WILL HAVE TO ASSESS OBLIGATIONS TO CLOSE DOWN
OPERATIONS
    * WILL PURSUE A DE-LISTING FROM ITS CURRENT ADMISSION TO
TRADING
ON EURONEXT GROWTH OSLO PLATFORM

Source text for Eikon:  ID:nObi7xbtga 
Further company coverage:  ASTRO.OL 

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