Brief: Vallianz postpones EGM, judicial managers notify co of Swiber's interest in rights cum warrants issue

Vallianz Holdings

13/10/2016 12:38

Oct 13 (Reuters) - Vallianz Holdings Ltd  VHLD.SI  
    * notified by judicial managers of swiber holdings of 
swiber's interest to participate in rights cum warrants issue 
    * also notified by judicial managers of Swiber of Swiber's 
proposal, to extent that Swiber should participate in rights cum 
warrants issue 
    * highlight set-off and settlement agreement has not, to 
date, been agreed on nor entered into between company or Swiber 
    * "there is no assurance that such set-off and settlement 
agreement will eventually be entered into" 
    * EGM originally scheduled to be held on monday, 17 october 
2016 at 10:00 a.m. As set out in notice of EGM will be postponed 
 
Source text (http://bit.ly/2dOPqgo) 
Further company coverage:  VHLD.SI  
 
 ((Bangalore.newsroom@thomsonreuters.com;))