Grobina AS (GRZ1R.RI) Key Developments | Reuters.com
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Grobina AS (GRZ1R.RI)

GRZ1R.RI on Riga Stock Exchange

2.95LVL
23 May 2016
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Latest Key Developments (Source: Significant Developments)

Grobina share capital denomination
Tuesday, 28 Jun 2016 08:50am EDT 

Grobina AS : Public bearer share issue current nominal value of 1.00 latvian lati denominated to 1.40 euros ($1.55) .Current share capital of 500,000 euros, which consists of 500,000 shares after denomination expressed in 700,000 euros.  Full Article

Grobina AS: : About the Legal Protection Proceedings initiation
Thursday, 7 Apr 2016 01:05am EDT 

Grobina AS:Liepaja court decides to propose JSC GROBIŅA legal protection proceedings.Court sets a deadline to JSC GROBINA to develop and align legal protection process action plan until June 6.  Full Article

Grobina AS to submit application to court for legal protection process
Tuesday, 5 Apr 2016 02:53am EDT 

Grobina AS:Since is unable to meet its obligations towards its creditors to submit application to court for legal protection process.On April 5 on court of Liepaja will be submitted a relevant application.After court decision to continue production as usual and to develop and agree with its creditors specific legal protection process plan, applying to the Insolvency Law provided legal protection methods.  Full Article

Grobina AS reaches deal with creditor
Monday, 14 Dec 2015 07:36am EST 

Grobina AS:Says ‍Finnish auction house Saga Furs this year has completely removed mink collection from December auction.As a result, sale for mink what was produced in this year, will be organized only in 3 auctions and December mink will not be traded.Says management is working with its creditors on accumulated debt repayment transfer to 2016, providing repayment of debt of March and June 2016 mink auction revenue​​.Says reached agreement with ‍creditor Hedensted Grouppen on payment extension of debt which was accumulated in 2014, transfering its repayment from 2016 auction revenue.Says ‍thus submitted application of bankruptcy on Dec.11 by Hedensted Grouppen will be withdrawn​.  Full Article

Grobina AS concludes two loan agreements with JSC Citadele Banka
Friday, 29 May 2015 06:03am EDT 

Grobina AS:Concludes two loan agreements with JSC "Citadele Banka".Says all application announced by JSC "Citadele Banka" about real estate voluntary auctions in July 6,to be withdrawn.Signs loan agreement with limited partnership FlyCap investment Fund I AIF on amount of 1 million euros according to procedures established in contract with Citadele Banka.The loan is issued for a period up to May 29, 2020 with a fixed interest rate.2014 audited review together with auditors findings will be published no later than June 2.  Full Article

Grobina AS announces change in shareholding structure
Thursday, 2 Apr 2015 01:17am EDT 

Grobina AS:Says Aksana Jansone disposed of 206,366 shares and Robert Grzegorz Mielenczuk acquired 206,366 shares in the company.  Full Article

Grobina AS announces restructuring project with Citadele Banka
Wednesday, 18 Mar 2015 10:43am EDT 

Grobina AS:Announces restructuring project with Citadele Banka aimed at restoring long-term loans and repayment schedule.According to project terms Grobina is to repay Citadele Banka 800,000 euros ($848,560)consisting of accrued interest and part of principal amount of loan till March 31.It is to ensure reducing payable amount to Citadele Banka of 2.34 million euros till March 31.Says has entered into a preliminary agreement with KS FLYCap Investment Fund I AIF for additional long-term loan of 1 million euros.Citadele banka confirmed that fulfilling conditions in draft restructuring, it is ready to enter into agreement on loan repayment, thus withdrawing announced real estate auctions.  Full Article

Nasdaq Riga suspends trading Grobina AS
Tuesday, 17 Mar 2015 03:23am EDT 

Grobina AS:Says decided to suspend automatic order matching in Grobina AS GRZ1R.RI shares on March 17.Says automatic order matching will be suspended due to price sensitive information published on the web page of the Council of Latvian Sworn Bailiffs.  Full Article

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