Pierre & Vacances: shareholders approve the restructuring











Photo credit © Pierre & Vacances


(Boursier.com) — As part of the accelerated safeguard procedure, all the resolutions submitted to the shareholders and creditors of the company necessary for the implementation of the operations provided for in the agreement concluded on March 10 were approved on July 8, 2022, including the draft accelerated backup plan.

The next step in the restructuring operations is the approval of the draft accelerated safeguard plan by the Paris Commercial Court. To this end, a hearing will be held on July 22, 2022 to examine the draft plan.

It is reminded that the target date for the final completion of the Restructuring Operations remains, to date, set at 16 September.


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