As stated by the company, "Regarding the matter of the company's guaranteed liability toward the primary debtor, 'HELIOS INDUSTRY PLEKTIKIS S.A.', the Company has been informed of a forced property seizure report from the National Bank of Greece concerning one of its properties, which already has a mortgage pre-notice registered by the same bank. As a result, a forced auction is scheduled for the last quarter of the year.
Furthermore, it is announced that the Single-Member Court of First Instance of Athens rejected the Company's request for a temporary injunction to suspend the enforcement procedure under Article 938§1 of the Civil Procedure Code. A decision is awaited regarding the appeal under Article 632 of the Civil Procedure Code to annul the payment order issued by the National Bank of Greece."
Progress in the Issuance of the Convertible Bond Loan (M.O.D.)
The company also notes that significant progress has been made in the procedures for the issuance of a Convertible Bond Loan of up to €5,000,000.00, as decided by the Extraordinary General Meeting of Shareholders on August 16, 2024. The funds raised will significantly bolster the company's cash liquidity.
Additionally, the Company is in ongoing consultations and cooperation with the relevant authorities and the supporting bank to ensure the timely and proper execution of the bond issuance procedures.
"The Company assures the investment community that it continues to take all necessary measures, implementing both judicial and extrajudicial procedures, to protect its interests, those of its shareholders, and safeguard its assets and reputation. The Company will continue to keep the investment community and relevant authorities informed of any developments on the matter," concludes the announcement.
