As part of the step plan enabling the implementation of its financial restructuring, extension of the accelerated financial s...
11 Janeiro 2021 - 8:38PM
Business Wire
Regulatory News:
According to the indicative timetable scheduled by the
commercial court of Paris, and subject to a positive shareholder
vote in favor of all the resolutions required for its
implementation during the general meeting scheduled on January 20,
2021, a court hearing shall be held on January 25, 2021 in order to
examine the draft accelerated financial safeguard plan.
In this perspective, the court decided to extend the accelerated
financial safeguard proceedings by a ruling dated January 11,
2021.
This extension is notably in the continuation of the approval of
the draft accelerated financial safeguard plan by the financial
creditors’ committee and the bondholders’ general meeting, as
announced on January 7, 2021.
Europcar Mobility Group (Paris:EUCAR) is therefore executing the
necessary steps aiming at completing the implementation of its
financial restructuring.
Disclaimers
This announcement has been prepared by Europcar Mobility Group
exclusively for information purposes. It does not constitute or
include any advice or recommendation by Europcar Mobility Group (or
any other person) regarding the securities of Europcar Mobility
Group or EC Finance plc or as to the merits of any transaction or
the making of any investment decision. It does not constitute or
include any confirmation or commitment by Europcar Mobility Group
(or any other person) regarding the present or future value of the
business of Europcar Mobility Group, its securities, its affiliates
or any of Europcar Mobility Group’s or their assets.
This announcement is not an offer to sell or a solicitation of
an offer to buy or exchange or acquire securities in the United
States or in any other jurisdiction. The securities referenced in
this announcement may not be offered, sold, exchanged or delivered
in the United States absent registration or an applicable exemption
from the registration requirement under the U.S. Securities Act of
1933, as amended. The securities mentioned in this announcement are
not, and will not be, registered in the United States. This
announcement is not directed at, or intended for distribution,
publication, availability to or use by, any person or entity that
is a citizen or resident or located in any locality, state, country
or other jurisdiction, where such distribution, publication,
availability or use would be contrary to law or regulation, or
which would require any registration or licensing within such
jurisdiction.
This press release includes forward-looking statements based on
current beliefs and expectations about future events. Such
forward-looking statements may include projections and estimates
and their underlying assumptions, statements regarding plans,
objectives, intentions and/or expectations with respect to future
financial results, events, operations and services and product
development, as well as statements, regarding performance or
events. Forward-looking statements are generally identified by the
words “expects”, “anticipates”, “believes”, “intends”, “estimates”,
“plans”, “projects”, “may”, “would”, “should” or the negative of
these terms and similar expressions. Forward looking statements are
not guarantees of future performance and are subject to inherent
risks, uncertainties and assumptions about Europcar Mobility Group
and its subsidiaries and investments, trends in their business,
future capital expenditures and acquisitions, developments in
respect of contingent liabilities, changes in economic conditions
globally or in Europcar Mobility Group’s principal markets,
competitive conditions in the market and regulatory factors. Those
events are uncertain; their outcome may differ from current
expectations which may in turn materially affect expected results.
Actual results may differ materially from those projected or
implied in these forward-looking statements. Any forward-looking
statement contained in this press release is made as of the date of
this press release. Other than as required by applicable law,
Europcar Mobility Group does not undertake to revise or update any
forward-looking statements in light of new information or future
events. The results and the Group's performance may also be
affected by various risks and uncertainties, including without
limitation, risks identified in the "Risk factors" of the Annual
Registration Document registered by the Autorité des marchés
financiers on May 6, 2020 and also available on the Group's
website.
About Europcar Mobility Group
Europcar Mobility Group is a major player in mobility markets
and listed on Euronext Paris. The mission of Europcar Mobility
Group is to be the preferred “Mobility Service Company” by offering
attractive alternatives to vehicle ownership, with a wide range of
mobility-related services and solutions: car rental and light
commercial vehicle rental, chauffeur services, car-sharing and
private hire vehicle (PHV – rental to “Uber like” chauffeurs).
Customers’ satisfaction is at the heart of the Group’s mission and
all of its employees and this commitment fuels the continuous
development of new services. Europcar Mobility Group operates
through a diversified portfolio of brands meeting every customer
specific needs and use cases, be it for 1 hour, 1 day, 1 week or
longer ; its 4 major brands being: Europcar® - the European leader
of car rental and light commercial vehicle rental, Goldcar® - the
low-cost car-rental Leader in Europe, InterRent® – ‘mid-tier’ car
rental and Ubeeqo® – one of the European leaders of round-trip
car-sharing (BtoB, BtoC). Europcar Mobility Group delivers its
mobility solutions worldwide solutions through an extensive network
in over 140 countries (including wholly owned subsidiaries – 18 in
Europe, 1 in the USA, 2 in Australia and New Zealand – completed by
franchises and partners).
Further details on our website:
www.europcar-mobility-group.com
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210111006075/en/
Europcar Mobility Group
Investor Relations Caroline Cohen -
caroline.cohen@europcar.com Press relations Valérie Sauteret
– valerie.sauteret@europcar.com Vincent Vevaud –
vincent.vevaud@europcar.com Publicis Consultants Judith
Grandcoing – judith.grandcoing@publicisconsultants.com