SAS AB (SASDQ) has released an update.
SAS AB has received approval for its restructuring plan from the Stockholm District Court, leading to the redemption and withdrawal of all current common shares and listed commercial hybrid bonds. The plan includes issuing new unlisted shares and secured convertible debentures to certain investors and creditors, dramatically altering the company’s capital structure. SAS AB is seeking delisting from stock exchanges in Stockholm, Copenhagen, and Oslo, with the restructuring expected to finalize in August 2024.
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