Brief: Efore Says Co's Management Estimates That Co's Working Capital Is Sufficient Until End Of December 2018.

Enedo Oyj

28/11/2018 22:48

Nov 28 (Reuters) - Efore Plc  EFO1V.HE :
    * REG-EFORE PLC TO PUBLISH WORKING CAPITAL STATEMENT AND PRO
FORMA
INFORMATION ON THE ACQUISITION OF POWERNET INTERNATIONAL OY IN
THE PROSPECTUS RELATING TO THE RIGHTS OFFERING
    * EFORE PLC SAYS AS AT DATE OF OFFERING CIRCULAR, COMPANY
DOES NOT
HAVE SUFFICIENT WORKING CAPITAL TO FINANCE ITS OPERATIONS FOR
NEXT 12 MONTHS
    * EFORE PLC SAYS COMPANY'S MANAGEMENT ESTIMATES THAT
COMPANY'S
WORKING CAPITAL IS SUFFICIENT UNTIL END OF DECEMBER 2018.
    * EFORE - NEW PAYMENT PROGRAMME FOR NEXT 5 YEARS IS
NEGOTIATED FOR
AMORTISATIONS OF EUR 6 MILLION IN LOANS FROM MAIN FINANCIER BANK
MATURING ON 31 DEC 2018
    * EFORE PLC SAYS EFORE HAS AGREED WITH COMPANY'S MAIN
FINANCIER
BANK THAT NEXT MEASUREMENT POINT FOR COVENANTS WILL BE 31
DECEMBER 2018

Source text for Eikon:  ID:nGNE7Z5Lbp 
Further company coverage:  EFO1V.HE 

 ((Reuters.Briefs@thomsonreuters.com;))