SoLocal Group Finalises the Terms of Its Financial Restructuring Plan – Business Wire (press release)

BOULOGNE-BILLANCOURT, France–(BUSINESS WIRE)–Regulatory News:

SoLocal Group (Paris:LOCAL)

I. Terms
and conditions of the financial restructuring plan

The financial restructuring plan will be submitted to the vote of
creditors on 12 October 2016, the one of shareholders on 19 October
2016, and afterwards to the approval of the Commercial court of Nanterre.

The voting process is initiated despite the fact that negotiations with
the creditors who had signed an agreement in principle on 1 August 2016,
have not been fully achieved, in particular on the terms of the debt and
governance.

Terms of…