Independent journal on economy and transport policy
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PS Ships (Pillarstone Italy) has become only associate of the shipowning society Italian Premuda
Towards the delisting from Borsa Italiana
April 12, 2017
Pillarstone Italy, the platform financial institution that is under responsibility of the bottom American KKR Credit, has become - through the society of new constitution PS Navi Spa - only associate of the shipowning society Italian Premuda. Monday, in fact, PS Ships has perfected the subscription of approximately 14,5 million actions of the company, for a equivalent value comprehensive total of overcharge 7,2 million euros, rivenienti from deliberated the vital increase of classified from the assembly of shareholders at the end last month(of 31 March 2017).
the capital increase has perfected contextually to the renunciation from PS Ships to credits for approximately 90,5 million euros within a former agreement article 67 of the reached bankrupt law with all the financial creditors, in order to reorganize the debt exposure of the Premuda society and the entire group and to allow them to balance own position so financial institution, graces also to the contribution from Pillarstone of new resources for beyond 40 million euros.
Remembering that the new actions object of the capital increase were not destined to the quotation and, for effect of the operations on the vital one deliberated from the last assembly, involving the cancellation of all the actions then in circulation and the vital increase of classified that has been undersigned from PS Ships, Premuda has specified that the company does not possess more requirement than floating minim necessary in order to maintain a normal and regular market of own actions and this could involve a provision of delisting. The Italian shipowning society has remembered moreover that, with provision 31st March, Borsa Italiana has determined the suspension to indeterminate time of the negotiations in Stock exchange of the Premuda actions.
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Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
Pillarstone Italy, the platform financial institution that is under responsibility of the bottom American KKR Credit, has become - through the society of new constitution PS Navi Spa - only associate of the shipowning society Italian Premuda. Monday, in fact, PS Ships has perfected the subscription of approximately 14,5 million actions of the company, for a equivalent value comprehensive total of overcharge 7,2 million euros, rivenienti from deliberated the vital increase of classified from the assembly of shareholders at the end last month
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
