Brief: Nordic Shipholding Says So Far, Liquidation Is Proceeding As Planned

Nordic Shipholding A/S

23/08/2023 07:43

Aug 23 (Reuters) - Nordic Shipholding A/S  NORDIC.CO :
    * COMPANY ANNOUNCEMENT 4/2023
    * LIQUIDATION OF COMPANY AND ITS SUBSIDIARIES IS EXPECTED TO
BE
FINALISED BY END OF 2023
    * CREDITORS AND LIQUIDATION COSTS WILL BE COVERED BY CURRENT
CASH
HELD BY COMPANY AND GROUP
    * LIQUIDATION IS ENSURED WITH WAIVER OF MAJORITY SHAREHOLDER
LOAN
WHEN OTHER EXPENSES AND CREDITORS ARE COVERED
    * SO FAR, LIQUIDATION IS PROCEEDING AS PLANNED
    * NO DISTRIBUTION OF FUNDS TO SHAREHOLDERS IS ANTICIPATED
UPON
COMPLETION OF LIQUIDATION
    * LOSS AFTER TAX OF USD 0.9 MILLION IN H1 2023 COMPARED TO A
PROFIT AFTER TAX OF USD 3.6 MILLION FOR SAME PERIOD LAST YEAR

Source text for Eikon:  ID:nGNE7SmyXj 
Further company coverage:  NORDIC.CO 

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