Axxis Geo Announces Court Decision to Confirm Reconstruction Proposal

Source: 5/3/2021, Location: Europe

Reference is made to the stock exchange announcement by Axxis Geo Solutions ASA ("Axxis" or the "Company") on 29 April 2021 concerning the approval by the required majority of Axxis' creditors of the reconstruction proposal. The District Court of Asker and Bærum has decided to confirm the reconstruction proposal. The decision by the District Court of Asker and Bærum is subject to an appeal period, which expires 3 June 2021, and will become legally binding thereafter (subject to no appeals made).

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