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    REDW — Redwood Pharma AB News Story

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    Brief: Redwood Pharma To Propose Liquidation At EGM

    Picture of Redwood Pharma AB logoRedwood Pharma AB
    23/05/2024 12:07
    May 23 (Reuters) - Redwood Pharma AB  REDWPH.ST :
    * ANNOUNCES TODAY THAT THE COMPANY IS EVALUATING POTENTIAL
SOLUTIONS TO ADDRESS ITS STRAINED FINANCIAL SITUATION
    * BOARD HAS BEGUN NEGOTIATIONS WITH CREDITORS AND INITIATED
A
PROCESS WITH THE AIM OF QUICKLY DIVESTING ALL ASSETS
    * ANY SURPLUS FROM THE SALE WILL BE TRANSFERRED TO THE
SHAREHOLDERS AND THE BOARD WILL THEN PROPOSE AT AN EGM THAT THE
COMPANY BE DEREGISTERED FROM THE NASDAQ FIRST NORTH GROWTH
MARKET AND LIQUIDATED

Source text: https://mfn.se/cis/a/redwood-pharma/redwood-pharma-provides-an-update-on-the-companys-future-85cce545
Further company coverage:  REDWPH.ST 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 772 0920;))

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