Brief: Navya Requests Opening Receivership Proceedings With Lyon Commercial Court

Navya SA

25/01/2023 17:47

Jan 25 (Reuters) - Navya SA  NAVYA.PA :
    * NAVYA REQUESTS RECEIVERSHIP PROCEEDINGS
    * NAVYA ANNOUNCES HAVING FILED TODAY DECLARATION OF
CESSATION OF
PAYMENTS WITH LYON COMMERCIAL COURT
    * EMPLOYEE REPRESENTATIVE BODIES WERE INFORMED ON THIS TODAY
    * TO DATE, COMPANY REPORTS CURRENT LIABILITIES AND DOES NOT
HAVE
SUFFICIENT AVAILABLE RESOURCES TO MEET THEM
    * COMPANY HAS TODAY REQUESTED OPENING OF RECEIVERSHIP
PROCEEDINGS
WITH COMMERCIAL COURT OF LYON
    * PURPOSE OF THESE PROCEEDINGS TO EVALUATE ALL SOLUTIONS
THAT
COULD ENABLE COMPANY TO CONTINUE ITS ACTIVITY IN LASTING WAY,
MAINTAIN EMPLOYMENT, ATTRACT INVESTORS
    * LYON COMMERCIAL COURT WILL RULE ON THIS REQUEST FOR
OPENING OF
RECEIVERSHIP PROCEEDINGS DURING A HEARING TO BE HELD ON JANUARY
31, 2023
    * IF COMMERCIAL COURT GRANTS COMPANY'S REQUEST, COMPANY WILL
CONTINUE ITS CURRENT ACTIVITIES DURING OBSERVATION PERIOD
    * NAVYA HAS ASKED EURONEXT TO SUSPEND LISTING OF ITS SHARES
FROM
THIS MORNING BEFORE OPENING OF TRADING
    * SUSPENSION OF LISTING OF SHARES IS MAINTAINED UNTIL
FURTHER
NOTICE AND MAY POSSIBLY NEVER RESUME

Source text for Eikon:  ID:nBwbHYcMTa 
Further company coverage:  NAVYA.PA 
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