Magyar Telecom B.V. Announces a Scheme Directions Hearing Regarding Its Proposed Scheme of Arrangement (the "Scheme") under the Companies Act 2006
10/25/2013 | 11:10am US/Eastern
Recommend:
0
Magyar Telecom B.V. (the "Company") is pleased to announce that a directions hearing (the "Directions Hearing") in relation to the Scheme will take place before Mr. Justice Arnold at 2pm on Monday 28 October 2013, in Court 6 at the High Court of Justice of England and Wales at 7 Rolls Buildings, Fetter Lane, London EC4A 1NL, United Kingdom.
The Company will seek an order granting it certain directions in relation to the Scheme, including permission to convene a meeting (the "Scheme Meeting") of its creditors for the purpose of considering and, if thought fit, approving the Scheme. Creditors have the right to attend the Directions Hearing in person or through counsel and make representations at the hearing of the relevant applications for orders to convene the Scheme Meeting.
The Scheme relates to the proposed financial restructuring of the Company based on the restructuring agreement dated 15 July 2013 (the "Restructuring Agreement"), pursuant to which holders of more than 70% of the Company's Senior Secured Notes due 2016 have agreed to support the restructuring via the Scheme or, alternatively, an exchange solicitation.
The Practice Statement Letter in respect of the Scheme is available at
www.lucid-is.com/invitel, and all related documentation will be posted thereon.
About Magyar Telecom B.V.
Magyar Telecom B.V. is a private company with limited liability incorporated in the Netherlands and registered at the Chamber of Commerce (Kamer van Koophandel) for Amsterdam with number 33286951 and registered as an overseas company at Companies House in the UK with UK establishment number BR016577 and its address at 6 St Andrew Street, London EC4A 3AE, United Kingdom (Telephone: +44 207 832 8936, Fax: +44 207 832 8950).
Contact Details