Brief: Lisgrafica Impressao E Artes Graficas Estimates Effect Of Recovery Plan Of Around 17 Mln Euros

Lisgrafica Impressao E Artes Graficas SA

15/02/2024 16:37

Feb 15 (Reuters) - Lisgrafica Impressao e Artes Graficas
SA  LIG.LS :
    * COURT DECLARED LISGRAFICA INSOLVENT ON JAN 12, 2024
    * COURT APPOINTED A MEETING OF CREDITORS FOR 4 MARCH TO
CONSIDER
THE REPORT REFERRED TO IN ARTICLE 156 OF THE CIRE
    * ON JAN 19, COURT RECTIFIED RULING OF JAN 12 AND DETERMINED
THAT
ADMINISTRATION OF INSOLVENT ESTATE BE CARRIED OUT BY INSOLVENT
COMPANY
    * CONTINUES TO WORK NORMALLY
    * RECOVERY PLAN PRESENTED YESTERDAY PROVIDES FOR MORE
SIGNIFICANT
DEBT FORGIVENESS FOR JOINT CREDITORS, PAYMENT TO TAX AUTHORITY
AND SOCIAL SECURITY FINANCIAL MANAGEMENT INSTITUTE IN UP TO 150
INSTALMENTS, FULL PAYMENT OF LABOUR CLAIMS AND TOTAL FORGIVENESS
FOR SUBORDINATED CLAIMS
    * ESTIMATED EFFECT OF PLAN, IF APPROVED, WILL BE AROUND 17
MILLION
EUROS IN LISGRAFICA'S EQUITY AND REDUCTION OF SAME AMOUNT IN ITS
LIABILITIES

Source text: http://tinyurl.com/4vy36uvt;
http://tinyurl.com/45vb2545
Further company coverage:  LIG.LS 

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