(Boursier.com) — Following the announcements made by the company on March 10, April 22 and May 25, 2022 relating to the progress of the group’s restructuring process Pierre & Holidaysthe company announces the meeting of its shareholders and creditors on July 8, 2022 for the purpose of approving the transactions provided for in the agreement entered into on March 10, 2022 (the “Restructuring Transactions”).
By judgment dated May 31, 2022, the Paris Commercial Court granted the company’s request and opened an accelerated safeguard procedure for its benefit. As a reminder, this only impacts the financial creditors directly concerned by the Restructuring Operations, to the exclusion of any other partner, in particular lessors or suppliers.
In this context, the Board of Directors of the Company has decided to convene a general meeting of its shareholders and a special meeting of those among them holding double voting rights in order to decide on the resolutions necessary for the implementation of the Restructuring Operations.
The judicial administrator appointed by the Commercial Court of Paris within the framework of the accelerated safeguard procedure, SCP Abitbol et Rousselet taken in the persons of Maître Frédéric Abitbol and Maître Joanna Rousselet, for its part convened the classes of parties affected by the said procedure for the purpose of having them approve the draft accelerated safeguard plan.
Each of these meetings will be held on Friday July 8, 2022. Notices of meeting subject to legal publicity were published in the BALO today and are available on the Company’s website (www.groupepvcp.com) in the “Finance / Publications” section. / Restructuring”.
The target date for the settlement-delivery of the Restructuring Transactions remains, to date, set at September 16, 2022
©2022 Boursier.com