Creditor's meeting at the district court of Stockholm
(Thomson Reuters ONE) -
The composition proposal was accepted at the creditor's meeting with composition
proceedings today at the district court of Stockholm.
Based on the preliminary voting roll prepared on the basis of a register of
creditors with record day 19 March 2010, 77 per cent of the number of creditors
and 84 per cent of total claim was represented on the creditors meeting. The
composition proposal was accepted by all present creditors.
Creditors representing about 75 percent of the total claim have chosen to accept
Alternative no 1 in the composition proposal, which in brief include that 5 per
cent of the claim will be repaid in cash, 28,5 per cent will be converted into
new shares of Series B at an issue price of 6 SEK, and 66.5 per cent will be
settled in the form of a new bond.
Creditors that had refrained from voting or that had chosen Alternative nr 2
will be compensated by a cash payment of to 55 percent of their approved claim
Final voting roll will be determined on or about 1 April 2010 based on the
register of creditors with record day 26 March 2010. The district court's ruling
will be issued on or about 6 April 2010.
The Board of directors in Ruric intend to convene an Extraordinary Shareholders
Meeting during next week in order to approve the anticipated resolution by the
board on the off-set share issue and to resolve on the guaranteed issue of
shares Series B amounting to approximately 170,4 MSEK and other related
resolutions. All necessary guarantees and subscriptions have already been
obtained.
Russian Real Estate Investment Company AB (publ)
For further information
Craig Anderson, CEO
Phone +7 812 703 35 50 (St. Petersburg)
Phone +46 8 509 00 100 (Stockholm)
e-mail craig(at)ruric.com
ABOUT RURIC
Ruric's business concept is to acquire, develop, manage, lease out and divest
real estate assets in St. Petersburg, Russia, offering top-quality commercial
premises in the best locations, thus contributing to the successful business
performance of its tenants. The company's vision is to become a leading real
estate company in central St. Petersburg.
The company's strategy is to identify high-potential real estate in the city
centre of St. Petersburg, structure appropriate deals and acquire at best price.
After renovation top-notch commercial space is offered to tenants seeking the
best possible premises and that are willing to pay for such premises.
Ruric's Certified Advisor on First North is Erik Penser Bankaktiebolag
[HUG#1398354]
Press release: http://hugin.info/141656/R/1398354/354163.pdf
Unternehmensinformation / Kurzprofil:
Datum: 26.03.2010 - 16:33 Uhr
Sprache: Deutsch
News-ID 18191
Anzahl Zeichen: 0
contact information:
Town:
Stockholm
Kategorie:
Business News
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"Creditor's meeting at the district court of Stockholm"
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