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ATLAS Mara Limited Announces Voting Rights & Director/PDMR Shareholding Update
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ATLAS Mara Limited Announces Voting Rights & Director/PDMR Shareholding Update
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ATLAS Mara Limited Announces Update on Standstill and Statement regarding TLG
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Atlas Mara: ATLAS Mara Limited Announces Update on Standstill and Statement regarding TLG
Key Highlights
Atlas Mara and the consenting creditors under the recently announced Standstill continue constructive discussions to achieve a comprehensive debt restructuring.
Previously announced strategic initiatives remain on track, with accelerated activity to complete contemplated divestitures.
A small holdout creditor, TLG, has filed a Court application against the Company.
The Company sees TLG s actions as both hostile and detrimental to the interests of the Company and its creditors, including TLG itself.
A number of significant creditors have, since TLG s application, reaffirmed their support for the Company and intend to assist in contesting TLG s actions.