Brief: Vistal Gdynia W Restrukturyzacji Updates Its Arrangement Proposals

Vistal Gdynia SA w Upadlosci

26/10/2018 17:32

Oct 26 (Reuters) - VISTAL GDYNIA SA W RESTRUKTURYZACJI
 VTL.WA :
    * SAYS UPDATES ITS ARRANGEMENT PROPOSALS
    * SAYS UNDER AMENDED ARRANGEMENT PROPOSALS CREDITORS WOULD
BE
DIVIDED INTO SEVEN GROUPS
    * SAYS CREDITORS FROM THE FIRST GROUP WOULD SEE THE MAIN
LIABILITY
PAID IN 5 PERCENT
    * SAYS CREDITORS FROM THE SECOND AND SIXTH GROUP WOULD SEE
THE
MAIN LIABILITY PAID IN 100 PERCENT
    * SAYS CREDITORS FROM THE THIRD GROUP WOULD SEE THE MAIN
LIABILITY
PAID IN 50 PERCENT
    * SAYS CREDITORS FROM THE FOURTH GROUP WOULD SEE THE MAIN
LIABILITY PAID IN 50 PERCENT, OF WHICH 25 PCT WOULD BE PAID IN
CASH AND 25 PCT THROUGH CONVERSION OF RECEIVABLES INTO CO SHARES
    * SAYS CREDITORS FROM THE FIFTH AND SEVENTH GROUP WOULD SEE
THE
MAIN LIABILITY PAID IN 60 PERCENT, OF WHICH 10 PCT WOULD BE PAID
IN CASH AND 50 PCT THROUGH CONVERSION OF RECEIVABLES INTO CO
SHARES

Source text for Eikon:  ID:nEM2xyzWma 
Further company coverage:  VTL.WA 

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