Brief: Obseva Announces Wind-Down Of Operations And Likely Not Going To Be Able To Satisfy Requirements For Maintaining Its Listing

Obseva SA

28/02/2024 06:06

Feb 28 (Reuters) - Obseva SA  OBSN.S :
    * OBSEVA ANNOUNCES WIND-DOWN OF OPERATIONS AND NOTIFIES SIX
THAT
IT WILL LACK THE RESOURCES TO ESTABLISH AUDITED IFRS FINANCIAL
STATEMENTS FOR 2023
    * OBSEVA SA - WILL WIND-DOWN ITS OPERATIONS WITH TERMINATION
OF
ALL OF ITS EMPLOYEES INCLUDING FABIEN DE LADONCHAMPS, ITS CEO
    * OBSEVA SA - FABIEN DE LADONCHAMPS, CEO, WILL REMAIN IN
FUNCTION
DURING NOTICE PERIOD FOR DURATION OF MORATORIUM PROCESS AND
BEYOND, AS NEEDED
    * OBSEVA SA - LIKELY NOT GOING TO BE ABLE TO SATISFY
REQUIREMENTS
FOR MAINTAINING ITS LISTING ON SIX
    * OBSEVA - NOTIFIED SIX SWISS EXCHANGE ABOUT SUBSTANTIAL
RISK OF
LACKING RESOURCES TO HAVE FINANCIAL STATEMENTS FOR 2023 PREPARED
UNDER IFRS AUDITED

Source text for Eikon:  ID:nGNX75nh9D 
Further company coverage:  OBSN.S 

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