Analyst Research

Report Title Price
Provider: Reuters Investment Profile
$20.00
Provider: GlobalData
$125.00
Provider: GlobalData
$125.00
Provider: GlobalData
$125.00

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Service Point Solutions SA updates on insolvency proceedings


Friday, 13 Jun 2014 04:00am EDT 

Service Point Solutions SA:Says insolvency administrator has issued favorable opinion on the content of the proposed insolvency plan.Favorable opinion is yet to be accepted by the Commercial Court of Barcelona.Following a request by Paragon Financial Investments Limited to convert a first tranche of 15,000,000 out of 25,000,000 bonds into Service Point Solutions shares, Paragon has informed the Board of its intention to convert the remaining 10,000,000 convertible bonds at a price of 0.071 euros each.Conversion will take place after reduction of current nominal value of Service Point Solutions shares, from 0.60 euros per share to 0.01 euros per share. 

Company Quote

0.071
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29 Oct 2014