BOULOGNE-BILLANCOURT, France–(BUSINESS WIRE)–Regulatory News:
SoLocal Group (Paris:LOCAL) announces that more than two-thirds of the
creditors have approved today its financial restructuring plan.
The plan will now be submitted on 19 October 2016 at the Combined
General Shareholders Meeting, who will have to take a decision with a
majority of two-thirds. The vote of shareholders will be decisive for
the implementation of both the financial restructuring plan and Conquer
2018 plan. As a reminder, in case of approval by the shareholders, the
plan will still have to be submitted to the approval of the Commercial
Court of Nanterre.
…
Read the full article at: http://www.businesswire.com/news/home/20161012006138/en/SoLocal-Group-financial-restructuring-plan-approved-creditors