The court approves amendments to the legal protection process plan of AS VALMIERAS STIKLA ŠĶIEDRA

20. May, 2020

AS VALMIERAS STIKLA ŠĶIEDRA would like to announce that on May 19, 2020 Vidzemes District Court (Vidzemes rajona tiesa) has adopted a decision approving the amendments to the legal protection proceeding plan in a wording as of April 3, 2020.

The amendments are introduced with an aim to ensure the sustainable economic activities of the Company and to promote a stable cash flow, which is a precondition to enable the Company to settle accounts in full with all the creditors of the legal protection proceeding plan.

The decision of the court is not subject to an appeal.

See the amendments to the Plan approved by the court HERE.