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LYD - Lydian International News Story

C$0.075 0.0  0.0%

Last Trade - 20/12/19

Sector
Basic Materials
Size
Micro Cap
Market Cap £n/a
Enterprise Value £n/a
Revenue £n/a
Position in Universe th / 2709

BRIEF-Lydian Announces Proposed Plan Of Arrangement With Secured Creditors And Cease Trade Order

Tue 16th June, 2020 6:44am
June 16 (Reuters) - Lydian International Ltd  LYD.TO :
    * LYDIAN ANNOUNCES PROPOSED PLAN OF ARRANGEMENT WITH SECURED
CREDITORS  AND CEASE TRADE ORDER
    * IF APPROVED, PLAN WILL RESULT IN LYDIAN CANADA AND LYDIAN
UK
EXITING CCAA PROCEEDINGS
    * FOLLOWING IMPLEMENTATION OF PLAN, CO WILL HAVE NO ASSETS
AND
COMPANY WILL COMMENCE PROCEEDINGS TO BE WOUND UP UNDER JERSEY
LAW
    * PLAN TO IMPLEMENT RESTRUCTURING WHICH WILL RESULT IN
SENIOR
LENDERS OWNING, CONTROLLING RESTRUCTURED LYDIAN CANADA AND ITS
UNITS

Source text for Eikon:  ID:nGNX2YHn3 
Further company coverage:  LYD.TO 

 ((Reuters.Briefs@thomsonreuters.com;))
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