After several months of remedial proceedings, on 10 July 2019. The Meeting of Creditors of Vistal Gdynia S.A. adopted a composition agreement regulating the principles of repayment by the Company of its debts to the creditors covered by the composition agreement. The arrangement was subsequently approved on 25 July 2019 by a decision of the District Court Gdańsk-Północ in Gdańsk, which means that on the day this decision became legally binding, the Company’s remedial proceedings were completed.
The Company’s Management Board would like to thank the Creditors for their trust and for voting in favour of the arrangement. After completion of the remedial proceedings, the Company proceeded to the stage of implementation of the approved arrangement in accordance with the adopted terms and conditions.