Brief: Fram Skandinavien Outlines Strategic Direction

Fram Skandinavien AB (publ)

13/02/2024 07:08

Feb 13 (Reuters) - Fram Skandinavien AB (publ)
 FRAMb.ST :
    * OUTLINES STRATEGIC DIRECTION
    * OVERARCHING GOAL HAS BEEN SET TO LIQUIDATE CURRENT
PORTFOLIO IN
SUCH MANNER THAT COMPANY CAN RETURN CASH AND/OR PUBLICLY TRADED
SHARES TO ITS SHAREHOLDERS
    * BOARD WILL ALSO CONSIDER OTHER OFFERS FOR WHOLE OR PARTS
OF
PORTFOLIO
    * WILL SEEK TO MINIMIZE CENTRAL OPERATIONAL EXPENSES BY
MEANINGFULLY REDUCING COSTS FOR CENTRAL OVERHEAD AND INVESTMENT
TEAM
    * AFTER IMPLEMENTING RECENTLY PLANNED COST REDUCTIONS,
EXPECTS TO
HAVE RUNWAY WELL THROUGH 2024 WITHOUT RAISING NEW EXTERNAL
CAPITAL

Source text for Eikon:  ID:nMFN2r51WN 
Further company coverage:  FRAMb.ST 

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