Brief: Eniro AB Board Of Directors Conclude That Recapitalization Plan Has Been Rejected

Eniro AB

27/03/2020 18:23

March 27 (Reuters) - Eniro AB  ENRO.ST :
    * BOARD OF DIRECTORS  CONCLUDE THAT RECAPITALIZATION PLAN
HAS BEEN
REJECTED
    * SAYS BOARD OF DIRECTORS RESOLVED TO HAVE A BALANCE SHEET
FOR
LIQUIDATION PURPOSES PREPARED.
    * ONGOING PROCEDURE FOR OBTAINING BONDHOLDERS' CONSENT UP TO
TOTAL
NOMINAL AMOUNT OF APPROXIMATELY SEK 989 MILLION IS TERMINATED
    * DATE OF PUBLICATION OF 2019 ANNUAL REPORT IS POSTPONED
UNTIL
WEEK 20
    * ENIRO - AGREEMENT WITH INSURANCE COMPANY PRI
PENSIONSGARANTI
ALSO FALLS SINCE AGREEMENT WAS CONDITIONAL ON IMPLEMENTATION OF
RECAPITALIZATION

Source text for Eikon:  ID:nWkrKy1g2 
Further company coverage:  ENRO.ST 

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