Brief: Leadmedia Group Says Encountered Serious Financial Difficulties In 2017, Appoints New Management

Capital B SA

11/05/2018 17:59

May 11 (Reuters) - Leadmedia Group SA  ALLMG.PA :
    * FY GROUP REVENUE EUR 3.1 MILLION VERSUS EUR 6.5 MILLION
YEAR AGO
    * FY GROUP OPERATING LOSS EUR 2.2 MILLION VERSUS LOSS EUR
0.9
MILLION YEAR AGO
    * FY RESULT AFTER AMORTISATION OF GOODWILL IS A LOSS OF EUR
5.3
MILLION VERSUS LOSS EUR 8.4 MILLION YEAR AGO
    * SAYS THAT IN FY 2017 ENCOUNTERED SERIOUS ECONOMIC AND
FINANCIAL
DIFFICULTIES
    * TWO FUTURE CAPITAL INCREASES TO MEET SHORT-TERM CASH NEEDS
ARE
PLANNED AS OF JUNE 2018
    * SUBSCRIPTION COMMITMENTS RECEIVED AMOUNT EUR 350,000
    * IN APRIL BOARD OF DIRECTORS APPOINTED PASCAL CHEVALIER AS
CHAIRMAN OF THE BOARD
    * IN APRIL BOARD OF DIRECTORS APPOINTED XAVIER LATIL AS CEO
    * WILL RELEASE NEW INFORMATION WITHIN 15 DAYS SPECIFYING
DETAILS
OF FUTURE REFINANCING OPERATION
    * INTENDS ON THIS OCCASION ALSO TO REQUEST TRADING
RESUMPTION OF
SHARES ON EURONEXT GROWTH

Source text for Eikon:  urn:newsml:reuters.com:*:nNDL9RZPvK
Further company coverage:  ALLMG.PA 

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