Brief: Court Opens Accelerated Arrangement Proceedings For Unified Factory

Unified Factory SA

09/11/2018 12:18

Nov 9 (Reuters) - Unified Factory SA  UFCP.WA :
    * SAYS COURT IN WARSAW DECIDES TO OPEN ACCELERATED
ARRANGEMENT
PROCEEDINGS FOR CO
    * ALSO SAYS IN A SEPERATE THAT UNDER FILED ARRANGEMENT
PROPOSALS
MAIN LIABILITY WOULD BE PAID IN 30 PCT (7.5 MLN ZLOTYS) IN THREE
INSTALMENTS
    * ANOTHER 30 PCT OF MAIN LIABILITY WOULD BE CONVERTED INTO
NEW CO
SHARES 
    * NO OF SHARES PER EACH BOND WOULD AMOUNT TO 50, ISSUE PRICE
OF
NEW SHARES WOULD BE 6 ZLOTY PER SHARE
    * UNDER ARRANGEMENT PROPOSALS PART OF MAIN LIABILITY IN
AMOUNT OF
10 MLN ZLOTYS, INTEREST AND SIDE CLAIMS WOULD BE REDEEMED 
    * CO APPLIED FOR INITIATING ACCELERATED ARRANGEMENT
PROCEEDINGS IN
OCT.  urn:newsml:reuters.com:*:nFWN1WI09R

Source text for Eikon:  ID:nEM6zJwBSa ,  urn:newsml:reuters.com:*:nEM8TdP5Ja
Further company coverage:  UFCP.WA 

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