Brief: Pixium Vision SA - Pixium Vision Announces Opening Of Safeguard Proceedings

Pixium Vision SA

09/10/2023 19:16

Oct 9 (Reuters) - Pixium Vision SA  ALPIX.PA :
    * PIXIUM VISION SA - PIXIUM VISION ANNOUNCES OPENING OF
SAFEGUARD
PROCEEDINGS
    * PIXIUM VISION SA - COURT HAS OPENED AN OBSERVATION PERIOD
OF 6
MONTHS
    * PIXIUM VISION SA - AS AT 9 OCT 2023 CASH POSITION OF CO
AMOUNTS
TO EUR 2.575 MILLION, PROVIDING FOR AN ESTIMATED CASH RUNWAY
THROUGH END OF DECEMBER 2023
    * PIXIUM VISION SA - COMPANY MIGHT NOT BE ABLE TO FACE ITS
FINANCIAL OBLIGATIONS AFTER END OF NOVEMBER 2023 WITHOUT
PROTECTION OF SUCH PROCEEDINGS
    * PIXIUM VISION SA - DURING THIS PERIOD, CO, COURT-APPOINTED
ADMINISTRATORS WILL WORK ON ALL POSSIBLE RESTRUCTURING SOLUTIONS
    * PIXIUM VISION SA - APPLIED TO EURONEXT PARIS FOR
RESUMPTION OF
LISTING OF ITS SHARES AS OF OPENING OF MARKETS ON OCTOBER 10
    * PIXIUM VISION SA - AS CONSEQUENCE OF OPENING OF SUCH
SAFEGUARD
PROCEEDINGS,CO IS NOT IN A POSITION TO PUBLISH ITS H1 2023
CONDENSED FINANCIAL STATEMENTS


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