Brief: GetBack Presents Alternative Arrangement Proposals

Capitea SA

08/11/2018 09:50

Nov 7 (Reuters) - GETBACK SA W RESTRUKTURYZACJI  GBK.WA :
        
    * SAID ON WEDNESDAY IT PRESENTS UPDATED ALTERNATIVE
ARRANGEMENT
PROPOSALS
    * ALSO ON WEDNESDAY HOIST FINANCE  HOFI.ST  SAID THAT IT IS
IN
EXCLUSIVE NEGOTIATIONS TO ACQUIRE ASSETS HELD BY GETBACK
 urn:newsml:reuters.com:*:nASP00029X
    * HOIST FINANCE ADDED THAT GETBACK HAS SUBMITTED TO DISTRICT
COURT
IN WROCLAW, POLAND, AN UPDATED PLAN FOR SETTLEMENT WITH ITS
CREDITORS BASED ON CO'S OFFER
    * GETBACK SAYS UNDER AMENDED ARRANGEMENT PROPOSALS CREDITORS
WOULD
BE DIVIDED INTO SIX GROUPS
    * SAYS CREDITORS FROM THE FIRST AND SECOND GROUP WOULD SEE
THE
MAIN LIABILITY PAID IN 23.1 PERCENT IN 5 INSTALMENTS
    * SAYS CREDITORS FROM THE THIRD GROUP (CO'S UNITS) WOULD SEE
THE
MAIN LIABILITY PAID IN 1 PERCENT IN 5 INSTALMENTS
    * SAYS CREDITORS FROM THE FOURTH GROUP WOULD SEE THE MAIN
LIABILITY PAID IN 52 PERCENT AS A ONE-OFF PAYMENT, PAID BEFORE
JUNE 30, 2019
    * SAYS CREDITORS FROM THE FIFTH GROUP WOULD SEE THE MAIN
LIABILITY
PAID IN 100 PERCENT AS A ONE-OFF PAYMENT, PAID BEFORE JUNE 30,
2019
    * SAYS CREDITORS FROM THE SIXTH GROUP WOULD SEE THE MAIN
LIABILITY
PAID IN 10 PERCENT IN 5 INSTALMENTS
    * AS PREVIOUSLY STATED, CO PROPOSES TO CONVERT SOME
LIABILITIES OF
CREDITORS FROM GROUPS 1 AND 4 (WHICH WILL NOT BE PAID BACK OR
REDEEMED) INTO COMPANY NEW SHARES
    * CO PRESENTED PREVIOUS ARRANGEMENT PROPOSALS ON OCT. 8
 urn:newsml:reuters.com:*:nFWN1WO0CD

Source text for Eikon:  ID:nEMtdMhMa 
Further company coverage:  GBK.WA   HOFI.ST 

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