Brief: Visibilia Editore Starts Composition With Creditors

Visibilia Editore SpA

15/11/2023 06:39

Nov 15 (Reuters) - Visibilia Editore SpA  VE.MI :
    * SAID ON TUESDAY IT HAD STARTED COMPOSITION WITH CREDITORS 
    * BOARD RESOLVED TO APPOINT FINANCIAL ADVISOR TO ASSIST WITH
RESTRUCTURING PLAN 
    * ALSO RESOLVED TO ASK MAJORITY SHAREHOLDER SIF ITALIA EUR
500,000
LOAN TO COVER ORDINARY COSTS, COMPOSITION WITH CREDITORS'
EXPENSES 
    * NEGMA GROUP INVESTMENTS HAD DECLINED REQUEST FOR
CONVERSION OF
FURTHER TRANCHE OF CONVERTIBLE BOND 

    
 Further company coverage:  VE.MI  

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