Brief: Lehto Proposal For Restructuring Programme Filed With District Court

Lehto Oyj

17/06/2024 15:12

June 17 (Reuters) - Lehto Group Oyj  LEHTO.HE :
    * LEHTO GROUP PLC, INSIDE INFORMATION: PROPOSAL FOR LEHTO'S
RESTRUCTURING PROGRAMME HAS BEEN FILED WITH THE DISTRICT COURT
OF OULU
    * OBLIGED TO ENSURE THAT EUR 15 MILLION CONVERTIBLE BOND OF
CO IS
CONVERTED INTO SHARES AT LEAST FOR CLAIM OF ABOUT EUR 10 MILLION
OF LEHTO INVEST OY BY 31 DEC 2024
    * PAYMENTS UNDER PAYMENT SCHEDULE WILL BE FINANCED PARTLY BY
REALISATION OF CO'S ASSETS AND BY FUTURE PAYMENTS ON COMPANY'S
CLAIMS
    * DURATION OF PAYMENT SCHEDULE IS APPROXIMATELY 5 YEARS
    * LIABILITIES UNDER RESTRUCT. PROGRAMME STRUCTURED SO THAT
CO WILL
BE ABLE TO MEET PAYMENTS AND INTEREST DUE UNDER PAYMENT SCHEDULE
WITH PROCEEDS FROM REALISATION OF CO ASSETS AND CASH FLOW FROM
ENERGY CONSTRUCTION BIZ

Source text for Eikon:  ID:nWkr5SbbHL 
Further company coverage:  LEHTO.HE 

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