Brief: Orphazyme Updates On In-Court Restructuring Proceedings

Strategic Partners A/S

29/04/2022 10:05

April 29 (Reuters) - Orphazyme A/S  ORPHA.CO :
    * ANNOUNCES UPDATE ON IN-COURT RESTRUCTURING PROCEEDINGS
    * ORPHAZYME HAS BEEN PURSUING POTENTIAL OPPORTUNITIES FOR A
SALE
OF ITS ASSETS AND OPERATIONS, A SALE OF COMPANY AND/OR A
REFINANCING (POTENTIALLY IN COMBINATION WITH A COMPULSORY
COMPOSITION)
    * ORPHAZYME HAS TO DATE RECEIVED CERTAIN NON-BINDING OFFERS
(
"OFFERS") TO PURCHASE ALL OF ORPHAZYME'S ASSETS AND OPERATIONS
    * FOLLOWING NEGOTIATIONS, ORPHAZYME, WITH RESPECT TO OFFERS
RECEIVED, EXPECTS TO ENTER INTO EXCLUSIVE NEGOTIATIONS WITH A
SELECTED POTENTIAL BUYER
    * FOLLOWING COMPLETION OF SUCH TRANSACTION, ORPHAZYME WOULD
HAVE
NO ACTIVITIES AND WOULD BE DISSOLVED, WHEN POSSIBLE
    * THERE CAN BE NO GUARANTEE THAT THAT ANY TRANSACTION WILL
BE
COMPLETED AS PROPOSED, OR AT ALL, OR AT ANY PARTICULAR TIME

Source text for Eikon:  ID:nGNE5MqY1z 
Further company coverage:  ORPHA.CO 

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