Group The Restructuring News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Investegate announcements from Capital Metals PLC, Update re Temporary Suspension of IMLs

    Further to the announcement made on 30 April 2021 (the "Previous Announcement") regarding the proposed financial restructuring of the Group (the "Restructuring"), the Company confirms that it today filed a claim form and draft explanatory statement at the High Court of Justice in London ahead of a convening hearing (the "Convening Hearing") expected to be held virtually via video conference on 21 May 2021.     The purpose of the Convening Hearing is to seek directions for the convening and conduct of a virtual meeting (the "Plan Meeting") of the ho...

DTEK ENERGY B.V. RESTRUCTURING The High Court of Justice of England and Wales has today approved the convening of creditors' meetings (the "Creditors Meetings") to consider and, if thought fit, to approve two inter-conditional schemes of arrangement under Part 26 of the Companies Act 2006 (the "Schemes") to restructure substantially all of the indebtedness of DTEK ENERGY B.V. group (the "Group") (the "Restructuring"). Accordingly, the Bank Scheme Meetings shall be held at 10:00 (London time) on 7 May 2021 and the Notes Scheme Meeting shall be held at 10:45 (London time) on 7 May ...

Petra Diamonds Ltd - Completion of the Restructuring PR Newswire Completion of the Restructuring Introduction The Company is delighted to announce that it has today completed the implementation of the recapitalisation of the Group (the "Restructuring") initially announced on 20 October 2020. The key features of the Restructuring are as follows: partial reinstatement of the Notes debt and the contribution by holders of the existing Notes of US$30.0 million in New Money, each taking the form of new senior secured second lien notes (the "New Notes"). The New Notes amount to approximately US$...

Petra Diamonds Ltd - Update regarding the Restructuring PR Newswire Update regarding the Restructuring The Company is pleased to announce that the Proposed Restructuring Effective Date occurred today and that all of the implementation steps to the recapitalisation of the Group (the "Restructuring") have occurred other than Admission (as defined below). It is expected that as part of the Restructuring and pursuant to the debt for equity conversion announced on 22 December 2020, 8,844,657,929 New Ordinary Shares will be admitted to listing on the premium segment of the Official List of the FC...