Brief: Hyon Board Proposes Dissolution Of Company

Knox Energy Solutions AS

30/08/2023 16:06

Aug 30 (Reuters) - Hyon AS  HYON.OL :
    * ANNOUNCES CLOSE OF STRATEGIC REVIEW AND PROPOSED
DISSOLUTION
    * BOARD HAS NOT RECEIVED ANY SUFFICIENTLY FIRM INDICATIONS
OR
COMMITMENTS FOR A FINANCIAL SOLUTION TO SUPPORT CONTINUING
OPERATIONS
    * REMAINS IN A POSITION WHERE IT HAS AVAILABLE CASH TO COVER
ITS
OPERATIONS TO YEAR-END 2023
    * PROPOSAL TO DISSOLVE COMPANY MEANS ADDITIONAL COST
REDUCING
MEASURES WILL BE IMPLEMENTED, INCLUDING REDUCING PERSONNEL COST
    * PROPOSAL TO DISSOLVE CO WILL BE MADE FOR GENERAL MEETING
EXPECTED TO BE HELD ON OR ABOUT 15 SEPT 2023
    * SHOULD BOARD'S PROPOSAL ON DISSOLVING COMPANY NOT OBTAIN
REQUIRED MAJORITY VOTE, CURRENT BOARD WISHES TO MAKE THEIR SEATS
AVAILABLE

Source text for Eikon:  ID:nWkr8c0bQl 
Further company coverage:  HYON.OL 

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