Brief: Spineguard Says Safeguard Proceedings To Allow For Debt Repayment Negotation

Spineguard SA

24/03/2020 08:47

March 24 (Reuters) - SPINEGUARD SA  ALSGD.PA :
    * SPINEGUARD: INFORMATION ON THE SAFEGUARD PROCEEDINGS
    * SPINEGUARD'S BOARD OF DIRECTORS AND MANAGEMENT DEEM THAT
SAFEGUARD PROCEEDINGS WILL ALLOW FOR NEGOTIATION OF REPAYMENT OF
ITS DEBT AND THUS DECREASE ITS BURDEN ON COMPANY
    * THIS PROTECTION, EFFECTIVE BOTH IN FRANCE AND IN UNITED
STATES,
GRANTS COMPANY POSSIBILITY TO FOCUS MORE EFFECTIVELY ON ITS
ACTIVITIES, ITS CUSTOMERS AND TO CONDUCT SUCCESSFULLY ITS
STRATEGY CENTERED ON ITS DSG TECHNOLOGY DEPLOYMENT THROUGH
INDUSTRY PARTNERSHIPS
    * WE ARE ALREADY WORKING ON THE ELABORATION OF A SAFEGUARD
PLAN
AND ARE CONFIDENT THAT IT WILL ENABLE THE AMENDMENT OF OUR DEBT
- CEO
    * ONGOING SAFEGUARD PROCEEDINGS DO NOT EXCLUDE AN AGREEMENT
THAT
COULD SHORTEN THE PROCESS
    * PENDING EXECUTION OF SAFEGUARD PLAN, PAYMENT OF INVOICES
RECEIVED PRIOR TO INITIATION OF SAFEGUARD PROCEEDINGS IS FROZEN
    * COLLABORATION WITH OUR INDUSTRY PARTNER ADIN DENTAL/
CONFIDENT
ON DENTAL APPLICATION WILL INTENSIFY IN 2020 WITH CO-DEVELOPMENT
OF A NEXT GENERATION DSG EMBEDDED PRODUCT
    * ON CORONAVIRUS: FOR NOW, IN A GROWING NUMBER OF COUNTRIES,
MOST
OF THE ELECTIVES SURGERIES ARE BEING POSTPONED TO PREPARE FOR
AND FOCUS ON COVID-19 PATIENTS

Source text for Eikon:  ID:nBwbt7pPRa 
Further company coverage:  ALSGD.PA 

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