Thursday, December 15, 2016

The court made the decision to open the trial sanacyjnego Alma Market sa – Banker

[Update 19:00] District Court in kraków decided on the opening of the procedure sanacyjnego Alma Market sa – the company said in a press release. Alma Market sa said that while the court made the decision to reject recognized including statements about the bankruptcy of the company. In response to this information, the company’s stock price shot – in 14.00 grew by 23%. and on Thursdays quotes have done for almost 50 percent advantage.

“based On the above (incl. act. VIII GU 528/16):

the Judge appointed a Commissioner of the SSR was eve Ostrovskaya,

- administrator was appointed Advisor to the restructuring Dariusz Sitek

- allow the company to carry out the Board on the totality of the enterprise to a more conventional Board of Directors;

- specified that the basis of jurisdiction of the Polish courts is article 342 of the mouth. 1 the law on restructuring”, – stated in the message.

at the same time, the court made the decision to reject recognized including statements about the bankruptcy of the company.

Alma Market sa filed at the Krakow court’s statement about the opening of behavior sanacyjnego in mid-September. The company believes that it is necessary the adoption of restructuring to improve the financial situation and to avoid bankruptcy.

In mid-October, Alma had also filed a statement of recognition bankruptcy with liquidation of property. At the same time the company kept informed then filed an application for commencement of procedure, sanacyjnego.



melting Alma. Closed 70% of the stores in two months

Although back in July of Alma were celebrating the opening 50. store, today the company is barely 13. All the problems financial and related close. Especially, the stores of Alma disappeared in the last two months, when the network dropped 70%.

In August, a symbol of the financial problems of Alma steel shelves are empty, now, however, they were driven through the empty space, which kurcząca the network of grocery stores leaves. Before the holidays, the situation in the company she looked terrible. However, the losses were stalking Her for several good years, the Board of Directors, however, remained convinced of the need the restructuring with your head held high and hope in her voice. In the third quarter, by 2016 the number of stores began, but noticeably falling. Although in July opened 50. service with logo of Alma, in early September, the network they had only 43 stores. In September closed 4: 20 IX in Rzeszow, Opole, 26 IX, and XI 29 in Warsaw and Pruszkow.

Read more: “Yes melting Alma. Closed 70% of the stores in two months.”



Alma offers emissions of up to 5.5 million shares and the formation of capital

Alma’s counsel wants to raise capital by 5.5 million rubles emissions of up to 5.5 million shares of H series in a private proposal except for the right selection – it follows from the resolution on the VOS convened January 4, 2017. In addition, the shareholders decided on the establishment of the share capital in the amount of 4.17 million RUB.

at Present, the authorized capital of Alma is 5.56 million RUB and is divided by 5.56 million shares.

In accordance with the draft resolutions, the shares of series H may be signed only over cash deposits and shares in emissions in the framework of the authorized capital of they may be issued in exchange for cash contributions or contributions non-monetary.

With the justification of the decision on issue of series H, it follows that its aim is “the recapitalization of the company in case of open procedure, restrukturyzacyjnego – sanacyjnego of the company by a competent court.”

In the case of a share capital, the Board of Directors emphasizes the flexibility of this method of raising financing.

Read more: “Alma offers emissions of up to 5.5 million shares and the formation of capital”.

PAP/ISBNews/B.pl

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