Brief: Trainers' House: restructuring programme proposal submitted to Espoo District Court
03/06/2015 10:56
June 3 (Reuters) - Trainers' House Oyj TRH1V.HE :
* Says restructuring programme proposal of Trainers' House has been submitted to the Espoo
District Court
* Says company will pay all of secured debts and unsecured ordinary debts in full during a
period of approximately four and a half years
* Says accrued interests of company's junior and hybrid loans will be completely written
* Says remaining borrowed capital of approximately 3.0 million euros ($3.34 million) will be
fully converted to shares in company with subscription price of 0.08 euro/share
* As a result of conversion amount of company's shares would increase from approximately 68
million to approximately 106 million
Source text for Eikon: ID:nHSU5Spq
Further company coverage: TRH1V.HE
($1 = 0.8991 euros)
(Gdynia Newsroom)
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