Brief: Oscar Properties Calls First Control Meeting

Oscar Properties Holding AB

19/06/2024 07:58

June 19 (Reuters) - Oscar Properties Holding AB  OP.ST :
    * CALLED ON TUESDAY TO AGM, FIRST CONTROL MEETING ON JULY 19
    * CONTROL BALANCE SHEET SHOWS THAT CO'S EQUITY AMOUNTS TO
SEK
-3,160,123,724, LESS THAN HALF OF REGISTERED SHARE CAPITAL OF
SEK 1,052,033,612.010310
    * BOARD OF DIRECTORS THEREFORE REFERS TO GENERAL MEETING THE
QUESTION OF WHETHER COMPANY SHOULD GO INTO LIQUIDATION
    * BOARD PROPOSES IN FIRST INSTANCE TO CONTINUE RUNNING THE
BUSINESS
    * IN SECOND INSTANCE, THE BOARD PROPOSES LIQUIDATION 
    * DIALOGUE HAS BEEN ONGOING FOR SOME TIME WITH CREDITORS OF
PARENT
COMPANY ON CONVERSION OF RECEIVABLES INTO EQUITY, WHERE THEY
WILL OWN THE EQUIVALENT OF 99% OF CO UPON FULL ACCESSION

        
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