Brief: GetBack Presents Updated Arrangement Proposals

Capitea SA

08/10/2018 14:07

Oct 8 (Reuters) - GETBACK SA W RESTRUKTURYZACJI  GBK.WA :
    * PRESENTS UPDATED ARRANGEMENT PROPOSALS
    * 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 38 PERCENT 
    * SAYS CREDITORS FROM THE THIRD GROUP (CO'S UNITS) WOULD SEE
THE
MAIN LIABILITY PAID IN 1 PERCENT 
    * SAYS CREDITORS FROM THE FOURTH GROUP WOULD SEE THE MAIN
LIABILITY PAID IN 52 PERCENT 
    * SAYS CREDITORS FROM THE FIFTH GROUP WOULD SEE THE MAIN
LIABILITY
PAID IN 100 PERCENT 
    * SAYS CREDITORS FROM THE SIXTH GROUP WOULD SEE THE MAIN
LIABILITY
PAID IN 10 PERCENT 
    * SAYS UNDER PROPOSAL ALL LIABILITIES TO BE PAID IN 16
INSTALMENTS
EVERY 6 MONTHS
    * PROPOSES TO CONVERT SOME LIABILITIES OF CREDITORS FROM
GROUPS 1
AND 4 (WHICH WILL NOT BE PAID BACK OR REDEEMED) INTO COMPANY NEW
SHARES
    * GETBACK PLANS TO RAISE CAPITAL BY NO MORE THAN 0.6 BILLION
ZLOTYS BY ISSUING UP TO 11.8 BILLION OF SERIES F SHARES AT THE
ISSUE PRICE OF 0.05 ZLOTY EACH
    * CO PRESENTED PREVIOUS ARRANGEMENT PROPOSALS ON AUG
23 urn:newsml:reuters.com:*:nL8N1VF24P
    * VOTING OVER ITS ARRANGEMENT PROPOSALS WITH CREDITORS HAS
BEEN
POSTPONED UNTIL OCT. 9  urn:newsml:reuters.com:*:nL8N1VK0MB

Source text for Eikon:  ID:nEM6KfPFxa 
Further company coverage:  GBK.WA 

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