Brief: MBWS: Progress Report On Discussions With Financial Partners

Marie Brizard Wine and Spirits SA

20/05/2019 17:27

May 20 (Reuters) - MARIE BRIZARD WINE AND SPIRITS SA  MBWS.PA :
    * REG-PROGRESS REPORT ON DISCUSSIONS WITH FINANCIAL PARTNERS; MBWS ANNOUNCES THE DATE OF ITS
AGM
    * SIGNED WITH ITS BANKING PARTNERS LETTER CONFIRMING CONTINUATION OF STANDSTILL ON EARLY
REPAYMENT
OF MEDIUM-TERM LOAN UNTIL 28 FEBRUARY 2020
    * PROGRESS HAS BEEN MADE WITH VARIOUS STAKEHOLDERS IN ORDER TO ENABLE REMOVAL OF CONDITIONS
STIPULATED BY COFEPP FOR IMPLEMENTATION OF NEW FINANCING
    * ANNUAL GENERAL ASSEMBLY OF SHAREHOLDERS TO BE HELD ON 27 JUNE 2019
    * CONTINUATION OF STANDSTILL BY AGREEING TO GIVE UP ON ONE OF INITIAL CONDITIONS THAT
SUBORDINATED
THAT STANDSTILL TO AN AGREEMENT ON 20 MAY 2019
    * REMAINING TERMS AND CONDITIONS FOR STANDSTILL REMAIN UNCHANGED FROM WHAT WAS OUTLINED IN
PRESS
RELEASE OF 25 JANUARY 2019
    * COFEPP IS AWARE OF THIS PROGRESS AND HAS REITERATED IN WRITING ITS AGREEMENT TO SUPPORT
GROUP

Source text for Eikon:  ID:nGNE6wjWdm 
Further company coverage:  MBWS.PA 

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