Business
Ops Retail Deems Orion Capital Subject To Rules On Transactions With Related Parties
Ops Retail Deems Orion Capital Subject To Rules On Transactions With Related Parties
About this update from Ops Retail S.p.a.
Ops Retail SpA MIL:OPR upon request of Borsa Italiana SpA:SAID ON WEDNESDAY COMPANY HAD CONDUCTED CHECKS OVER APPLICATION OF RULES ON RELATED-PARTY TRANSACTIONSDEEMS APPROPRIATE TO SUBJECT ORION CAPITAL, RELATED RELATIONSHIPS TO RULES GOVERNING TRANSACTIONS WITH RELATED PARTIESNO EVIDENCE TO SUGGEST SIGNIFICANT CONNECTION WITH GCII, WHICH REMAINS EXCLUDED FROM COMPANY'S LIST OF RELATED PARTIESGCII INFORMED COMPANY IT REVOKED ORION CAPITAL'S TRUST MANDATE, WHILE IT WILL CONTINUE TO IMPLEMENT INVESTMENT AGREEMENT DIRECTLYUSE OF CONVERTIBLE BOND LOAN DOES NOT IN ITSELF POSE A RISK TO BUSINESS CONTINUITY, MERELY ENTAILS REWORKING OF BUSINESS PLAN Further company coverage: