Brief: District Court Of Oulu Confirms Lehto Group's Restructuring Programme

Lehto Oyj

24/09/2024 09:12

Sept 24 (Reuters) - Lehto Group Oyj  LEHTO.HE :
    * LEHTO GROUP PLC, INSIDE INFORMATION: THE DISTRICT COURT OF
OULU
HAS CONFIRMED LEHTO GROUP PLC'S RESTRUCTURING PROGRAMME
    * KLAUS MAJAMÄKI APPOINTED SUPERVISOR OF LEHTO GROUP'S
RESTRUCTURING PROGRAMME
    * TO DIVEST CONSTRUCTION BUSINESS, FOCUS ON ENERGY
CONSTRUCTION
BUSINESS
    * TOTAL AMOUNT OF SECURED LIABILITIES UNDER RESTRUCTURING
PROGRAMME IS EUR 3,470,974.20
    * TO RAISE EUR 2.5 MILLION EQUITY FINANCING WITHIN THREE
MONTHS
FROM DATE ON WHICH DECISION TO APPROVE RESTRUCTURING PROGRAMME
HAS BECOME FINAL
    * IS OBLIGED TO ENSURE THAT EUR 15 MILLION CONVERTIBLE BOND
OF CO
IS CONVERTED INTO SHARES OF CO AT LEAST FOR CLAIM OF ABOUT EUR
10 MILLION OF LEHTO INVEST OY BY 31 DEC 2024

Source text for Eikon:  ID:nWkr9wwDP 
Further company coverage:  LEHTO.HE 

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