Orphanides: Information on press reports for Orphanides New Era
24/1/2013 10:49
With reference to a report in the electronic press on the unsuccessful initiative of Orphanides New Era and the appointment of a Receiver/Administrator by the banks this week, Orphanides Public Company Ltd would like to inform the investing public that:
1. Indeed, the deadline of 20 days that Orphanides New Era had at its disposal to achieve the attraction for a participation in the plan of the suppliers, to whom the Company owes at least €50 million as the agreement signed on January 3, 2013 provides for, expired.
2. In relation to the appointment of a Receiver/Administrator, this is an issue that has to do with the Banks. In case of further developments, Orphanides Public Company Ltd will release an announcement.
1. Indeed, the deadline of 20 days that Orphanides New Era had at its disposal to achieve the attraction for a participation in the plan of the suppliers, to whom the Company owes at least €50 million as the agreement signed on January 3, 2013 provides for, expired.
2. In relation to the appointment of a Receiver/Administrator, this is an issue that has to do with the Banks. In case of further developments, Orphanides Public Company Ltd will release an announcement.
