Premuda, the banks have communicated the availability to reach stipulate of the agreements of standstill



The shipowning society Italian Premuda has announced that in the course of the week from the demand turned from the company to the banks creditors for it stipulates of agreements of standstill ( on 22 June 2015) the board of directors has continued to with banks follow the evolution of the negotiations, "which - it has specified the company - have communicated, through the whom charged lawyer, own availability to reach stipulates of the demanded agreements of standstill from the society, subject to deliberation of the competent organs".

Moreover Premuda has specified that today the board of directors, "taken note of the altogether positive attitude of the banks, carried out a careful analysis of the situation of case of the society, also aware of the times demanded for the signature of the agreements of standstill and of the times necessary in order to carry to term the dismissioni of the cespiti ones, it has deliberated to confirm the assembly of the associates that will hold tomorrow in second convocation", "the project budgetary opportunely deposited considering - also with all the uncertainties already expressed in the document and some measure emphasized by the urgency deriving from the situation of the liquidity - of being able to confirm own judgment on the business continuity".

Premuda has remembered to have ago informed a week the market about "the appraisals supplied from own board of directors in merit to an important series of operations of dismissione of assets, necessary in order to increase the availabilities of case of the group and not possible in absence of a series of agreements of standstill (pacta de not petendo) with banks with which the group it is in negotiation give about two years" and "the glares that the absence of the agreements of standstill would have had on the relative appraisal to the business continuity that the administrators have introduced the assembly of the associates called to approve of the relative budget toexercise 2014". The shipowning society has emphasized that "the finalizzazione of the agreements of standstill and the previewed cessions of asset will represent an important step towards the conclusion of the definitive agreement of restructure that the parts would intend to close within October 2015".