Brief: Boostheat To Suspend Non-Essential Activities, Shares To Be Suspended From Listing

Boostheat SAS

01/09/2022 16:19

Sept 1 (Reuters) - BOOSTHEAT SAS  ALBOO.PA :
    * CHANGE IN BOOSTHEAT'S STRATEGY TO ADAPT TO THE EVOLUTION
OF NEW
MARKET CONDITIONS AND FOCUS ON FINDING PARTNERSHIPS
    * ANNOUNCES THAT IT IS NOW PRIORITISING ITS THERMAL
COMPRESSOR
ACTIVITIES DUE TO RUSSIA-UKRAINE WAR AND RELATED CONTEXT
    * HAS DECIDED TO SUSPEND ALL ITS NON-ESSENTIAL ACTIVITIES TO
PRESERVE ITS RESOURCES
    * CEO HAS INITIATED A "PRE-PACK CESSION" PROCESS IN CONTEXT
OF A
"CONCILIATION PROCEDURE"
    * "PRE-PACK CESSION" OFFERS A FRAMEWORK FOR PREPARING A
(TOTAL OR
PARTIAL) SALE OF COMPANY'S ASSETS AND ACTIVITIES WHILE
PROTECTING BEST INTERESTS OF COMPANY
    * USUALLY THIS INFORMATION IS CONFIDENTIAL, BOOSTHEAT HAS
DECIDED
TO MAKE THIS PUBLIC TO FEDERATE EMPLOYEES, SHAREHOLDERS AND
STAKEHOLDERS AROUND IT AND MAXIMISE CHANCES OF FINDING NEW
PARTNERS
    * ANNOUNCES THAT ITS SHARES WILL BE SUSPENDED FROM LISTING
AS OF
31 AUGUST 2022 AT LEAST UNTIL IT HAS ASSESSMENT RESULTS FROM
EVENTUAL EXPRESSIONS OF INTEREST RELATED TO "PRE-PACK CESSION"
    * INFORMS THAT DEADLINE FOR SUBMISSION OF TENDERS IS 28
SEPTEMBER
2022 AT 12:00
    * ALSO ANNOUNCES POSTPONEMENT OF PUBLICATION OF ITS
HALF-YEAR
RESULTS (ORIGINALLY SCHEDULED FOR 22 SEPTEMBER 2022) TO A LATER
DATE
    * WILL INFORM MARKET OF ANY AND ALL DEVELOPMENTS IN
SITUATION

Source text for Eikon:  ID:nACT76060 
Further company coverage:  ALBOO.PA 

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