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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Hightex | LSE:HTIG | London | Ordinary Share | GB00B19PH233 | ORD 1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.16 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From May 2019 to May 2024
TIDMHTIG
RNS Number : 0953G
Hightex Group PLC
27 February 2015
27 February 2015
Hightex Group plc
("Hightex" or the "Company")
Update on German Court process
The Board of Hightex Group plc requests a temporary suspension of trading pending a further announcement which it will make as soon as practicable.
Further to the announcements of 19 November and 17 December 2014, concerning the 'Eigenverwaltung' process sanctioned by the German Court to restructure the main operating subsidiary, Hightex GmbH, the Directors are expecting today to receive the recommendations to the Court from the Chief Restructuring Officer on behalf of the creditors' committee concerning the resolution of the restructuring process.
As previously described, the Eigenverwartung procedure is a German legal process similar to Chapter 11 in the United States. The objective is the reorganisation and continuation of the subsidiary.
A further announcement of the recommendations, which will be subject to subsequent Court approval, will be made as soon as practicable.
For further information contact:
Hightex Group plc Charles DesForges, Non-Executive Tel: +49 8051 6888 Chairman 200 Frank Molter, Chief Executive www.hightexworld.com Officer ZAI Corporate Finance Ltd Nominated Adviser and Broker Tel: +44 20 7060 2220 Tom Price / Irina Lomova www.zaicf.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
SRSUBSARVUAUUAR
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