Brief: ILLA Says Investor Negma Hasn't Issued EUR 1.5 Mln Financing Needed For Negotiated Crisis Settlement

I.l.l.a. S.p.a

27/05/2024 06:22

May 27 (Reuters) - ILLA SpA  ILLA.MI :
    * SAID ON SUNDAY INVESTOR NEGMA THROUGH ITS UNIT GGHL HAS
NOT YET
ISSUED EUR 1 MLN FINANCING, EUR 0.5 MLN RELATED TO CONVERTIBLE
BOND AS PER INVESTMENT AGREEMENT
    * SAID SHOULD SHORTCOMING BY NEGMA/GGHL PERSIST, GROUP WILL
HAVE
TO ABANDON PROCEDURE FOR NEGOTIATED SETTLEMENT OF  BUSINESS
CRISIS
    * GROUP HAS RECEIVED IN PAST WEEKS SHOWS OF INTEREST BY
POTENTIAL
INVESTORS TO BUY SOME OF ITS ASSETS, WHICH COULD GUARANTEE
CONTINUITY OF PROCEDURE

 Further company coverage:  ILLA.MI  

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