GNW-News: McPhy Energy: Judicial reorganization and offers - Update
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Foussemagne (France), June 25, 2025 - 5.45 p.m. CEST
McPhy Energy ("McPhy") announces that, during the hearing on June 24, 2025, the
Belfort Commercial Court (the "Court") reviewed the offers submitted as part of
the judicial reorganization process(1). The deliberation has been set for July
8, 2025.
Whether or not an offer is adopted by the Court, it is anticipated that the
judicial reorganization opened against McPhy will be converted into judicial
liquidation to allow the liquidation of the assets and activities not
transferred. The conversion decision will likely be taken at the same time as
the judgment on the offers.
It is recalled that the judicial liquidation of McPhy will result in the
delisting of its shares(2) and, given the anticipated level of realization of
the assets compared to the Company's liabilities(3), that the value of the McPhy
shares is likely to be nil and no reimbursement to the shareholders will be
made.
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