Brief: Neovacs Requests A Reorganization Proceedings Of The Company

Neovacs SA

13/11/2019 17:32

Nov 13 (Reuters) - NEOVACS SA  ALNEV.PA :
    * REG-NEOVACS REQUESTS A REORGANIZATION PROCEEDINGS OF THE
COMPANY
    * ANNOUNCES HAVING FILED TODAY A DECLARATION FOR SUSPENSION
OF
PAYMENTS AND A REQUEST FOR REORGANIZATION PROCEEDINGS
("REDRESSEMENT JUDICIAIRE") OF COMPANY BEFORE COMMERCIAL COURT
OF PARIS
    * THIS DECISION COMES AFTER ACKNOWLEDGING THAT CURRENT
AMOUNT OF
LIABILITIES IS HIGHER THAN REALIZABLE AND AVAILABLE SHORT-TERM
ASSETS
    * PURPOSE OF THIS PROCEDURE CONSISTS TO EVALUATE VARIOUS
POTENTIAL
INTERESTS AND ALL OTHER OPTIONS ENABLING TO MAINTAIN NEOVACS'
ASSETS IN A SECURE FRAME
    * SHARE QUOTATIONS AND SUBSCRIPTION WARRANTS "NEOVACS 2017"
REMAIN
SUSPENDED
    * COMPANY WILL INFORM STOCK MARKET OF DECISION OF COMMERCIAL
COURT
    * COMPANY WILL CONTINUE ITS CURRENT ACTIVITIES DURING
OBSERVATION
PERIOD

Source text for Eikon:  ID:nGNE4PLLn9 
Further company coverage:  ALNEV.PA 

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