Nasdaq Vilnius decided to apply observation status to FERN Group, UAB (orderbook of the bonds FERN090026FA, ISIN code LT0000409633).
Observer status was granted to the Company after it announced the initiation of the Company's reorganization and the convening of a meeting of the Company's bondholders, where it is planned to demand an immediate redemption of the Company's bonds according to the conditions specified in the Information Document regarding obligations related to the bonds.
The more detailed information is available in the Company's announcement here.
The purpose of applying observation status is to alert the market participants.
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