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Barramundi Group Ltd. ( (DE:95Z) ) has issued an announcement.
Barramundi Group Ltd. has announced a proposed restructuring agreement with its principal secured creditor, United Overseas Bank Limited, to address its debt and equity situation. The restructuring involves a private placement of new shares and convertible shareholder loans, aiming to raise capital efficiently while settling the majority of its liabilities. The plan, subject to creditor approval and court sanction, seeks to protect the interests of the company, its creditors, and shareholders, with potential dilution of existing non-participating shareholders by up to 80%.
More about Barramundi Group Ltd.
Barramundi Group Ltd. operates in the aquaculture industry, focusing on the production and distribution of barramundi fish. The company is listed on Euronext and is involved in sustainable seafood production.
Average Trading Volume: 20,189
Current Market Cap: NOK40.57M
Learn more about 95Z stock on TipRanks’ Stock Analysis page.