Brief: Orphazyme: Notice Of In-Court Restructuring Proceedings

Strategic Partners A/S

18/03/2022 11:37

March 18 (Reuters) - Orphazyme A/S  ORPHA.CO :
    * REG-NOTICE OF IN-COURT RESTRUCTURING PROCEEDINGS OF
ORPHAZYME
A/S
    * COURT HAS APPOINTED ATTORNEY JOHN SOMMER SCHMIDT AS
RESTRUCTURING ADMINISTRATOR.
    * PURPOSE OF RESTRUCTURING PROCESS IS TO EXPLORE WHETHER A
BASIS
CAN BE ESTABLISHED WHICH ALLOWS FOR ALL OR PART OF COMPANY'S
OPERATIONS TO CONTINUE, INCLUDING A BASIS FOR INJECTING FURTHER
CAPITAL, AND/OR A BASIS FOR A SALE OF ALL OR PARTS OF COMPANY'S
ASSETS.
    * STATUTORY RESTRUCTURING PLAN REQUIRED TO BE PREPARED UNDER
DANISH INSOLVENCY ACT IS EXPECTED TO BE SENT BY RESTRUCTURING
ADMINISTRATOR TO ALL KNOWN CREDITORS ON MARCH 31, 2022.
    * FOLLOWING COMPANY'S FILING OF A PETITION FOR AN IN-COURT
RESTRUCTURING OF ORPHAZYME ON MARCH 10, DANISH MARITIME AND
COMMERCIAL HIGH COURT HAS COMMENCED RESTRUCTURING PROCEEDINGS OF
COMPANY ON MARCH 11

Source text for Eikon:  ID:nGNE12qMKT 
Further company coverage:  ORPHA.CO 

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