Brief: Glas bondholders: to protect its interests over fashion group SMCP, served bankruptcy petition on European TopSoho

Smcp SA

05/11/2021 07:27

Nov 5 (Reuters) - SMCP SA  SMCP.PA :
    * GLAS BONDHOLDER GROUP: CONTINUE TO KEEP ALL OUR RIGHTS
REGARDING
SMCP
    * GLAS BONDHOLDER GROUP TRUSTEE: CONTINUE TO TAKE ALL
MEASURES
NECESSARY TO PRESERVE OUR INTERESTS REGARDING SMCP
    * GLAS BONDHOLDER GROUP TRUSTEE ON SMCP: IT IS POSSIBLE THAT
THE
PURPORTED DISPOSAL BY EUROPEAN TOPSOHO S.À.R.L. IS UNLAWFUL AND
PREJUDICIAL TO ITS CREDITORS.
    * GLAS BONDHOLDER GROUP TRUSTEE ON SMCP: SERVED A BANKRUPTCY
PETITION ON EUROPEAN TOPSOHO S.À.R.L. IN OUR CAPACITY AS TRUSTEE
    * GLAS BONDHOLDER GROUP TRUSTEE ON SMCP: EUROPEAN TOPSOHO
AND THE
TRANSFEREE(S) HAVE NOT MADE TO DATE REQUIRED MANDATORY THRESHOLD
CROSSING DISCLOSURES TO AMF WATCHDOG
    * On November 4, French fashion company SMCP, whose brands
include
Sandro and Maje, detailed its new ownership structure after a
group of bondholders became its top shareholder last month
following the default on a bond of its previous Chinese owner.
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Further company coverage:  SMCP.PA 

 (Reporting by Sudip Kar-Gupta)
 ((sudip.kargupta@thomsonreuters.com;))