Brief: RNB Reviews Options For Future Operations

Coala-Life AB (publ)

04/08/2021 08:39

Aug 4 (Reuters) - RNB Retail and Brands AB  RNBS.ST :
    * SAID ON TUESDAY ALL ALTERNATIVES THAT ENABLE CONTINUED
OPERATIONS REQUIRE SETTLEMENT WITH BOND AND HYBRID BOND HOLDERS
    * COMPANY LACKS FINANCIAL ABILITY TO PAY INTEREST IN FULL
AND
AMORTIZE ON NOMINAL BOND DEBT
    * A FEASIBLE SOLUTION IS THAT ALL OR PART OF BOND IS
CONVERTED
INTO NEW SHARES
    * THIS WOULD PROBABLY MAKE BONDHOLDERS LARGEST OWNER GROUP
    * GOAL IS TO ANNOUNCE AND INFORM DURING SECOND HALF OF 2021
ABOUT
A SOLUTION FOR COMPANY'S FUTURE OPERATIONS
    * RNB'S GOAL IS TO BE ABLE TO ANNOUNCE AND INFORM DURING THE
SECOND HALF OF 2021 ABOUT A SOLUTION FOR THE COMPANY'S CONTINUED
FUTURE OPERATIONS

    
   
 Source text for Eikon:  urn:newsml:reuters.com:*:nWkr3XPWf5
 Further company coverage:  RNBS.ST  

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