Brief: Lehto Prepares Financing Package

Lehto Oyj

28/04/2022 05:40

April 28 (Reuters) - Lehto Group Oyj  LEHTO.HE :
    * IS PREPARING A FINANCING PACKAGE
    * PACKAGE CONSISTING OF SALE OF PIPELINE RENOVATION BUSINESS, ISSUANCE OF A CONVERTIBLE
BOND, BANK
FINANCING, OUTSOURCING OF LAND PLOTS
    * INTENDS TO ISSUE A CONVERTIBLE BOND OF APPROXIMATELY EUR 15-20 MILLION.
    * AS A RESULT OF NEGOTIATIONS, COST SAVINGS OF APPROXIMATELY EUR 3 MILLION WILL BE ACHIEVED
IN
2022
    * SAVINGS WILL BE ACHIEVED VIA PERSONNEL REDUCTIONS, REDUNDANCIES, LAYOFFS, WITH COMBINED
EFFECT
OF ABOUT 134 PERSON-YEARS
    * IS NEGOTIATING TO OUTSOURCE SOME OF ITS LAND PLOTS, IE TO SELL THEM TO PARTNERS

Source text for Eikon:  ID:nWkr84mGjh 
Further company coverage:  LEHTO.HE 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))