On 21 February 2022, the Nacka District Court in Stockholm confirmed a restructuring plan approved by the creditors of Swencn AB (a Nordecon Group company operating in Sweden), according to which Swencn AB’s creditors’ claims are payable in the extent of 25% of their claims within six months of court confirmation of the restructuring plan.
It is not a transaction that goes beyond the scope of day-to-day business or is of significant importance within the meaning of the section “Requirements for Issuers” of the regulations of the Nasdaq Tallinn Stock Exchange.
