News Stampen reconstruction continues according to plan and now chords deals in several companies sent out to creditors.
- There is good potential to succeed in the reconstruction. I believe that creditors gain by accepting the offer, saying the administrator Christian Andersch.
Creditors of Stampen AB, Stampen Local Media AB, VTD and companies in the V-TAB offered full payment up to a limit differs between companies. In excess of the amount offered an allowance of 25 percent.
The limit of the Stampen Local Media, which includes Göteborgs-Posten, Halland News and Hallandsposten included, is set to 10 000. This means that 61 percent of freelance journalists reimbursed in full for outstanding invoices before May 23 Among the company’s total number of creditors receive 56 percent of full charge.
– It feels good that so many will get back all of their claims, but sadly it does not apply any. We have done everything we can to make it as good as possible for our freelancers. We argued early on that they would be considered employees because we would not have to have this situation. But it was not purely legal, says Stampen CEO Martin Alsander continues:
– We have instead offered prepayment and done what we can with the exempt amount to as many as possible should receive full payment. We hope that we will minimize the problems that freelancers have been subjected to by our reconstruction.
How do you feel that the creditors should think about the offer?
– If Stampen can get through a reconstruction successfully, we become a strong player forward and will be able to offer them continuing mission. I believe and hope that all creditors see that this is the best option. That it ensures a long-term survival for the group. Then it will be as a supplier to be able to take advantage of this because to be a strong business partner in the future.
Creditors will to take a position on the chord in July and negotiations will held on schedule in September. This means that the reconstructions will most likely need to be extended for a few weeks.
In the distribution company VTD get 50 percent of the creditors paid in full when the limit has been at 5 000. The printing V-TAB Falkenberg will not get a chord offer because the company is considered to have a strong enough financial position.
For other companies within group V-TAB is the limit in the chords bid set to 1 000. The same goes for Stampen AB.
The creditors who receive offers in the mail today and tomorrow are offered payment within four months after the chord determined – either by all parties accepted the composition offer or a final court decision is whether the chord.
Stampen administrator Christian Andersch Rosengrens Attorneys, together with management met several creditors during the process, and he believes that there is a widespread understanding of the Group’s position among creditors and a willingness to contribute to operations to continue.
– There is good potential to succeed in the reconstruction. Liquidity The development goes according to plan, the continued operation goes well and we have good contact with suppliers and customers. I believe that all the chords deals to the benefit of the creditors and to win up to accept the offer. It is because then you get paid for some of his earlier claim and ensure a large and important media player in the market. says Christian Andersch.
Maja Larsson, who is a freelance writer for Göteborgs-Posten think it is good that so many creditors will now have fully paid, but for her own part as invoiced magazine 57 000 SEK will be no major sums to tell in the end.
– we freelancer with larger debts will get together to talk about what we think about this offer. We have not had time to do yet.
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