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Share Name Share Symbol Market Type Share ISIN Share Description
Irf European Finance Investments Ltd LSE:IRF London Ordinary Share BMG493831058 COM SHS USD0.0015 (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 0.0018 0.00 01:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Banks 0.0 -5.5 -4.2 - 0

IRF European Fin Investments Ltd Settlement and Proposed Delisting

03/12/2020 7:00am

UK Regulatory (RNS & others)


Irf European Finance Inv... (LSE:IRF)
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RNS Number : 3641H

IRF European Fin Investments Ltd

03 December 2020

IRF European Finance Investments Ltd

3 December 2020

IRF European Finance Investments Ltd

("IRF" or the "Company")

IRF European Finance Investments Ltd (the "Company"), an investment entity which seeks investment opportunities in the financial sector in Europe, announces that, following extensive negotiations with its principal creditor (the "Principal Creditor"), it has concluded a settlement agreement with the Principal Creditor in relation to amounts owing by the Company to the Principal Creditor (the "Settlement Agreement").

As a consequence of entry into the Settlement Agreement, the Company will embark on an exercise to liquidate its assets, distribute the net proceeds of the liquidation to the Principal Creditor, proceed to seek a cancellation of the admission to trading of its shares on the Main Market of the London Stock Exchange and wind down the corporate entity, subject in each case to obtaining the necessary approvals at the appropriate time.

Enquiries:

   Investor Relations                                Tel: +30 (0)211 349 9020 

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END

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(END) Dow Jones Newswires

December 03, 2020 02:00 ET (07:00 GMT)

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