Brief: Mackmyra Svensk Whisky Initiates Compensation Program Due To Coronavirus

Mackmyra Svensk Whisky AB

08/04/2020 07:14

April 8 (Reuters) - Mackmyra Svensk Whisky AB  MACKb.ST :
    * UPDATES ON CORONAVIRUS
    * SAYS BIGGEST SALES DECLINE TO COME FROM EXPORT MARKETS
    * COMPENSATION PROGRAM STARTS WITH IMMEDIATE EFFECT
    * COMPENSATION PROGRAM: FREEDOM OF REPAYMENT ON LOANS FROM
ALMI
AND NORRLANDSFONDEN FOR SIX MONTHS
    * COMPENSATION PROGRAM: EXTENSION OF SMALLER CONVERTIBLE
LOANS
(SUBJECT TO NEGOTIATION WITH CONVERTIBLE HOLDERS AND AGM) TO BE
CONVERTED DURING THE PERIOD
    * RESTRUCTURING PROGRAM HAS POTENTIAL TO REDUCE NEGATIVE
EFFECTS
AND PROVIDE LONG-TERM PERMANENT BENEFITS
    * STATE AID MEASURES IN SWEDEN, GERMANY AND UNITED KINGDOM
    * COMPENSATION PROGRAM: STATE AID MEASURES IN SWEDEN,
GERMANY AND
UNITED KINGDOM
    * SEES DIGITAL TRANSITION AS IMPORTANT
    * INITIATES TEMPORARY CONVERSION TO HAND SANITIZER
PRODUCTION TO
BE ABLE TO MEET THE GREAT DEMAND THAT EXISTS

Source text for Eikon:  ID:nWkr99w8Zf 
Further company coverage:  MACKb.ST 

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