Brief: Esken To Submit Proposal To CGI To Reach Negotiated Settlement Of Claims

Esken

05/02/2024 07:50

Feb 5 (Reuters) - Esken Ltd:
    * ESKEN LTD: UNIT LSA, INVESTIGATED VALIDITY OF "ALLEGED
BREACHES
OF CONVERTIBLE LOAN AGREEMENT" BETWEEN LSA AND CARLYLE GLOBAL
INFRASTRUCTURE FUND
    * ESKEN : LSA CONCLUDED NO DEFAULT OR EVENT OF DEFAULT WHICH
GIVES
CGI A CURRENT RIGHT TO ACCELERATE LOAN, MAKE DEMAND OR TAKE
ENFORCEMENT ACTION
    * ESKEN LTD - LSA HAS DISPUTED CGI'S CLAIMED ACCELERATION
AND
DEMAND FOR EARLY REPAYMENT
    * ESKEN LTD - FULLY SUPPORTS LSA'S POSITION
    * ESKEN- PROPOSAL TO CGI WITH VIEW TO REACHING NEGOTIATED
SETTLEMENT OF CLAIMS AND LIFTING OF CLAIMED ACCELERATION AND
DEMAND FOR EARLY REPAYMENT


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