Brief: Skandia Greenpower Has Not Yet Found Strategic Solutions, Raised Equity Capital

Skandia Greenpower AS

06/02/2023 06:45

Feb 6 (Reuters) - Skandia Greenpower AS  SKAND.OL :
    * SAID ON FRIDAY, HAS NOT SO FAR SUCCEEDED IN FINDING
STRATEGIC
SOLUTIONS OR RAISING EQUITY CAPITAL AND ACCORDINGLY IT IS
UNCERTAIN WHETHER SHAREHOLDER VALUE WILL BE SECURED
    * HAS NOT BEEN ABLE TO SUCCESSFULLY CONCLUDE TRANSACTION
WITH ANY
THIRD PARTY
    * NEITHER HAS IT SUCCEEDED IN OBTAINING SUFFICIENT SUPPORT
TO
RAISE EQUITY CAPITAL
    * CO, BOD WILL WITH CO'S FINANCIAL ADVISOR CONTINUE TO WORK
INTENSIVELY TO FIND SOLUTIONS FOR COMPANY
    * THIS INCLUDES SEEKING ANY ALTERNATIVES THAT COULD SECURE
CONTINUED OPERATIONS FOR COMPANY
    * BOD WILL ALSO WELCOME PROPOSALS FROM SHAREHOLDERS OR OTHER
STAKEHOLDERS
    * IT IS CURRENTLY UNCERTAIN WHETHER CO WILL BE ABLE TO FIND
A
SOLUTION THAT WILL SECURE VALUE FOR SHAREHOLDERS

Source text for Eikon:  ID:nObiQvSqQa 
Further company coverage:  SKAND.OL 
 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))