ORCHESTRA-PREMAMAN (EPA:KAZI) JUDICIAL REORGANIZATION PROCEEDINGS IN FAVOR OF ORCHESTRA-PREMAMAN BELGIUM
Transparency directive : regulatory news
26/09/2019 09:46
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On 26 September 2019JUDICIAL REORGANIZATION PROCEEDINGS IN FAVOR OF ORCHESTRA-PREMAMAN BELGIUM
Following the press release dated 24 September 2019, Orchestra-Prémaman
announces that it has filed on 26 September 2019 a request for the opening in
Belgium of judicial reorganization proceedings with collective agreement
(procédure de réorganisation judiciaire par un accord collectif) in favor of
Orchestra-Prémaman Belgium SA, its Belgian subsidiary, for a 6-month period.
Information will be regularly disclosed to the market all along the progress of
these proceedings.
About judicial reorganization proceedings
The judicial reorganization proceedings with collective agreement (procédure
de réorganisation judiciaire par un accord collectif) allows the company to
benefit from a deferment of payments, which makes it possible to find solutions
to short-term liquidity issues. The company's operations continue, and the
board of directors and management of the company remain in place. Contracts
entered into by the company (with customers, suppliers, employees, etc.) remain
in full force and cannot be terminated. Payment of the liabilities owed at the
date of the request is suspended for the duration of the deferment. The debtor
cannot be declared insolvent nor judicially dissolved.
In the context of the judicial reorganization proceedings, the company will
draft a reorganization plan which will have to be approved by its creditors and
then by the court.
Contacts
ACTIFIN - Stéphane RUIZ - 01 56 88 11 15 - sruiz@actifin.fr
ACTIFIN - Victoire DEMEESTERE - 01 56 88 11 24 - vdemeestere@actifin.fr
ORCHESTRA - PRÉMAMAN
Société anonyme au capital de 12 159 825 EUR
Siège social : ZAC Saint-Antoine - 200 avenue des Tamaris - 34130
Saint-Aunès
398 471 565 RCS MONTPELLIER
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