(Alliance News) - MeglioQuesto Spa announced that the board Wednesday evening, with regard to obligations on the "MeglioQuesto 4.75% 2022-2026" bond issued by the company, found that it was impossible to meet the payment of interest and repayment of the principal amount, totaling EUR3.0 million by the deadline.

"The board of directors also decided to select a financial advisor and a legal advisor to identify the most suitable solutions to overcome the current corporate situation in compliance with legal regulations and to pursue the objective of obtaining readmission of the shares to trading on the Euronext Growth Milan market," the company note reads.

By Maurizio Carta, Alliance News reporter

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