Brief: Ncondezi Energy Ltd Enteres Positive Restructuring Talks With Seritza

Solgenics

25/02/2022 08:37

Feb 25 (Reuters) - Ncondezi Energy Ltd  NCCL.L :
    * NCONDEZI ENERGY LTD  - WORKING CAPITAL FACILITY UPDATE
    * NCONDEZI ENERGY: ENTERED POSITIVE RESTRUCTURING TALKS WITH
SERITZA WHICH INCLUDE POTENTIAL FOR MATURITY EXTENSION AND/OR
NON-CASH SETTLEMENT SOLUTIONS
    * NCONDEZI ENERGY LTD: SERITZA HAS CONFIRMED THAT IT WILL
NOT CALL
IN LOAN FOR A PERIOD OF 30 DAYS, WHILST RESTRUCTURING IS BEING
FINALISED
    * NCONDEZI ENERGY LTD: NCONDEZI PLANS TO SUBMIT A WRITTEN
LOAN
RESTRUCTURING PROPOSAL TO SERITZA NO LATER THAN 4 MARCH 2022
    * NCONDEZI ENERGY LTD: ACTIVELY REVIEWING AND IMPLEMENTING
CASH
CONSERVATION STRATEGIES IN ORDER TO EXTEND ITS WORKING CAPITAL
POSITION

Source text for Eikon:  ID:nRSY7846Ca 
Further company coverage:  NCCL.L 

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