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BRIEF-Solocal Group agrees with 4 creditors on terms of financial restructuring plan
October 5, 2016 / 6:01 AM / a year ago

BRIEF-Solocal Group agrees with 4 creditors on terms of financial restructuring plan

Oct 5 (Reuters) - Solocal Group SA :

* Agreement with 4 creditors representing about 43 pct of Solocal Group’s debt on the terms of the financial restructuring plan

* These creditors have in particular agreed substitution of warrants with an exercise price of 1.50 euros ($1.68), as initially planned, by free shares as proposed by company

* Creditors involved in agreement have agreed, subject to resolutary condition of adoption of financial restructuring plan, not to accelerate Solocal’s debt

* Main creditors could increase their representation at Board of Directors following completion of financial restructuring Source text for Eikon: Further company coverage: ($1 = 0.8917 euros) (Gdynia Newsroom)

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