Edition:
India

Hexagon Composites: Update To Proposed Bond Agreement Amendments


Wednesday, 21 Oct 2020 

Oct 21 (Reuters) - Hexagon Composites ASA ::REG-HEXAGON COMPOSITES ASA: UPDATE TO PROPOSED BOND AGREEMENT AMENDMENTS.PROPOSAL WAS REJECTED BY A GROUP OF BONDHOLDERS ACTING TOGETHER TO BLOCK RESOLUTION BY EXERCISING A NEGATIVE VOTE..SUBSEQUENT EFFORTS TO REACH AN AGREEMENT WITH THIS GROUP OF BONDHOLDERS HAVE NOT LED TO AN ACCEPTABLE RESOLUTION..WILL CONTINUE AS PLANNED WITH A LISTING OF HEXAGON PURUS ON MERKUR MARKET WITHIN 2020..EILL PROCEED WITH A MODIFIED PROCESS TO ON INTENTION TO SPIN OFF AND LIST HEXAGON PURUS..WILL CONSIDER POSSIBILITIES TO DISTRIBUTE HEXAGON PURUS SHARES TO SHAREHOLDERS OF HEXAGON COMPOSITES ASA AT A LATER STAGE. 

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