Brief: Compagnia Dei Caraibi Appoints Financial Restructuring Expert, Files Compensation Claim In Context Of Elephant Gin Insolvency

Compagnia Dei Caraibi SpA

28/03/2024 06:53

March 28 (Reuters) - Compagnia Dei Caraibi SpA
 1TIME.MI :
    * APPOINTS ANCHOR MANAGEMENT AS FINANCIAL RESTRUCTURING
CONSULTANT
TO ASSIST IN ANALYSIS OF FINANCIAL STATUS OF ELEPHANT GIN, TO
DEVELOP 24 MONTHS LIQUIDITY PLAN
    * IN CONJUNCTION WITH REFINED BRANDS, FILES COMPENSATION
CLAIM
AGAINST TR HOLDING AND AGAINST FOUNDERS OF ELEPHANT GIN, FOR
POSSIBLE VIOLATION OF DECLARATIONS, WARRANTIES INCLUDED IN SHARE
PURCHASE AGREEMENT
    * REMARKS THAT THIRD AND FINAL TRANCHE DUE FOR ACQUISITION
OF
REMAINING SHARES OF ELEPHANT GIN WILL BE DUE ONLY AFTER ELEPHANT
GIN'S 2023 FINANCIAL STATEMENT APPROVED BY AUDITOR WILL BE
DELIVERED TO BUYER

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