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Maritime Company Of Lesvos SA Announces Agreement Between Its Creditors


Thursday, 11 Oct 2012 04:40am EDT 

Maritime Company Of Lesvos SA announced that a remediation agreement between the Company and its creditors Millennium Bank and Antelope Shipping Inc has been concluded. According to the verdict the employees will receive all accrued. The State, the Public Entities and the Insurance Organisations will receive the claims in 36 monthly installments. Millenium Bank and FBB will receive approximately 20% of their claims in long payback. All other creditors will receive 20% of their claims in 48 monthly installments. Banks and other creditors can instead of reducing and regulating claims require the capitalization of all claims by issuing new shares and offer price equal to the nominal value of the share. The demands of shareholders permanently deleted and legal claims will be satisfied in 20% and in 36 monthly installments from the end of the dispute. 

Company Quote

0.025
-0.0050 -16.67%
24 Jul 2014