Brief: Vistal Gdynia Motions For Grace Period In Arrangement Payments

Vistal Gdynia SA w Upadlosci

30/06/2022 07:35

GDANSK, June 30 (Reuters) - Vistal Gdynia SA  VTL.WA :
    * SAID ON WEDNESDAY IT HAS MOTIONED FOR CHANGE TO TERMS OF
REHABILITATION ARRANGEMENT
    * COMPANY ASKS FOR 9-MONTH GRACE PERIOD FOR PAYMENT OF
QUARTERLY
INSTALMENTS FROM Q2 TILL Q4
    * PAYMENT WOULD BE RESUMED FROM Q1 2023, EXTENDING EXECUTION
OF
ARRANGEMENT BY THREE QUARTERS
    * MOVE IS DUE TO DROP IN INCOME RESULTING FROM HIGHER
MATERIAL AND
PRODUCTION PRICES CAUSED BY GEOPOLITICAL INSTABILITY IN REGION

        
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM7Py8rJa
 Further company coverage:  VTL.WA  

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