No. 5/2023
In our company announcement on
On this background, the Group has today decided to initiate in court restructuring proceedings for the following Group companies as allowed for in the Danish Bankruptcy Act (the "DBA") chapter 2 at
During the restructuring process
A separate press release in Danish will be issued by the company with further details.
The purpose of the restructuring proceedings is to establish a legal platform whereby the Group and its management can better manage the liquidity while at the same time continue the ongoing negotiations concerning a new capital/financing structure for the company. Several solutions are being explored and discussed, e.g. to take in one/more new investors in the current ownership structure, a full sale of
At this time, the financial consequences for the Group cannot be determined but the Group is meeting the criteria for being insolvent under the DBA.
Bengt Sundström, Chairman of the board
Mette Margrethe Rode Sundstrøm, CEO
For press enquiries, please contact:
E-mail: press@lauritz.com
For other enquiries, please contact:
CFO
E-mail: Preben@lauritz.com
Certified Adviser:
Market place: Nasdaq First North Growth Market Stockholm
The information was submitted for publication through the agency of the contact person set out above, at
Attachment
- Company announcement 2023 nr 5 - Lauritz.com Group AS - Lauritz com files for restructuring proceedings
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