Opening of a conciliation procedure
Solocal obtained the opening of a conciliation procedure in order to facilitate
discussions with bondholders
Pursuant to the 16th March 2020 press release, Solocal announces that the
President of the "Tribunal de commerce" (French commercial court) of Nanterre
opened a conciliation procedure for an initial period of four months starting
on 16th March 2020 for Solocal Group. SELARL FHB, a legal entity represented by
Maître Hélène Bourbouloux, was appointed as conciliator.
Solocal Management considers that the establishment of a conciliation procedure
will help in providing a suitable framework in the discussions with the Company
Bondholders with respect to its decision to suspend the quarterly coupon
payment of the Bond maturing March 2022.
The group will ensure to keep the market updated about the outcome of the
negotiations which should start shortly with the Bondholders.
Solocal - www.solocal.com
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