Agios Stefanos, 14 November 2019
The company with the name “Folli-Follie Commercial Manufacturing and Technical Société Anonyme” and the distinctive title “FF Group” (hereinafter the “Company”), further to its previous relevant announcements clarifies that within the frame of the petition for the granting of preventative measures, filed by two (2) bondholders of the Company in relation to their bankruptcy application, a provisional order has been issued, based on which the disposal of any tangible assets by the Company must ensure a minimum remaining value of tangible assets amounting to four million Euros (4,000,000€). Said provisional order is valid until the hearing of the main petition for the granting of preventative measures on 10 January 2020.
Taking into consideration that the value of the Company’s tangible assets amounts to 45 million Euros approx. (and to 135 million Euros approx. on a consolidation basis), the provisional order does not affect the Company’s activity.
This announcement is released by Folli Follie Commercial Manufacturing and Technical Société Anonyme in compliance with the Market Abuse Regulation (EU) 596/2014 (MAR) and Section 4.8 of the Rule Book of the Athens Exchange. It contains information that qualifies as inside information for the purposes of Article 7 of MAR. For the purposes of MAR and Article 2 of Commission Implementing Regulation (EU) 2016/1055, the person responsible for arranging the release of this announcement on behalf of the Company is Mantalena Kasidiaropoulou, Head Investor Relations.