Havyard ASA logo

HYARDo - Havyard ASA News Story

NOK11.04 0.0  0.0%

Last Trade - 07/05/21

Sector
Industrials
Size
Micro Cap
Market Cap £24.2m
Enterprise Value £89.3m
Revenue £198.8m
Position in Universe 1333rd / 1836

BRIEF-Havyard Group: Compulsory Composition With Creditors

Tue 20th October, 2020 6:42am
Oct 20 (Reuters) - Havyard Group ASA  HYARD.OL :
    * COMPULSORY COMPOSITION WITH CREDITORS
    * VOTE ON COMPULSORY COMPOSITION HAS NOW BEEN COMPLETED
    * VOTES IN FAVOUR CONSTITUTED 95,87% OF TOTAL ELIGIBLE
CLAIM, AND
100% OF VOTING CREDITORS
    * SOLUTION FOR A COMPULSORY COMPOSITION HAS RECEIVED
SUFFICIENT
SUPPORT AND WILL BE SENT TO DISTRICT COURT FOR CONFIRMATION
    * FINAL CLARIFICATIONS REMAINS REGARDING SIZE OF
DIVIDEND-ELIGIBLE
CLAIM WITH A SMALL NUMBER OF CREDITORS
    * HST DOES NOT ANTICIPATE ANY PROBLEMS WITH SUCH
CONFIRMATION, AND
PAYMENTS WILL TAKE PLACE WHEN APPEAL DEADLINE EXPIRES 4 WEEKS
AFTER CONFIRMATION
    * IT HAS NOT YET BEEN CLARIFIED HOW LARGE A DIVIDEND GROUP
COMPANIES (MAINLY HAVYARD GROUP ASA) WILL RECEIVE
    * COMPLETED COMPOSITION WILL STRENGTHEN EQUITY FOR GROUP
ESTIMATED
AT APPROXIMATELY MNOK 60, DEPENDING ON FINAL ACCOUNTING AND
OUTCOME OF DISPUTED REQUIREMENTS.

Source text for Eikon:  ID:nObisDkPza 
Further company coverage:  HYARD.OL 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))
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