Brief: TISGR's Board Acknowledges Turnaround Plan, To Immediately Request Protective Measures
22/05/2026 06:29
May 22 (Reuters) - The Italian Sea Group SpA TISGR.MI: SAID ON THURSDAY, BASED ON PRELIMINARY ASSESSMENTS, LOSSES REDUCED SHARE CAPITAL UNDER MINIMUM THRESHOLD ESTABLISHED BY LAW, TO PREPARE UPDATED STATEMENT OF FINANCIAL POSITION BOARD HAS INITIATED ALL ACTIONS REQUIRED, INCLUDING CALLING OF SHAREHOLDERS' MEETING TO FOCUS ON ONGOING RENEGOTIATIONS WITH SHIP-OWNING COMPANIES, TO RECOVER EXTRA COSTS OCCURRED TO REVALUATE COMPANY'S REAL ESTATE ASSETS TO POTENTIALLY DISPOSE NON-CORE REAL ESTATE ASSETS TURNAROUND PLAN TO BE SUBMITTED FOR APPROVAL ONCE COMPLETED TO IMMEDIATELY FILE REQUEST FOR ACTIVATION OF PROTECTIVE MEASURES FORENSIC DUE DILIGENCE HAS EXPERIENCED DELAYS, COMPLETION CURRENTLY EXPECTED BY END OF JUNE, BEGINNING OF JULY Further company coverage: TISGR.MI (Gdansk Newsroom) ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))