Scandinavian Enviro Systems AB (publ) ("Enviro" or the “Company”) hereby announces that the Gothenburg District Court has today approved Enviro's request to extend the ongoing company reorganization by three months, until 27 August 2026.
The company reorganization was initiated on 27 February 2026 following a decision by the Gothenburg District Court. Johan Sölveland at Ackordscentralen is appointed as reorganization administrator.
The extension of the company reorganization is intended, among other things, to complete the ongoing negotiations regarding long-term financing and to finalize a reorganization plan.
Work on the reorganization plan is proceeding as planned. Enviro preliminarily estimates that a reorganization plan can be presented during August 2026. Together with the reorganization plan, financing for the plan's implementation will be presented. The reorganization plan will include a proposal for debt write-down. Enviro's preliminary assessment is that the Company may offer non-priority creditors payment corresponding to at least 25 percent of such claims, to be paid three months after a reorganization plan has become legally binding. This estimate is preliminary and may change in the final reorganization plan.
As previously communicated, Enviro considers that the measures undertaken during the first phase of the reorganization create the conditions for successfully completing the reorganization and achieving a long-term sustainable capital structure.