AST Groupe announces an accelerated safeguard procedure for its financial debts

AST Groupe, faced with negotiation difficulties with its financial creditors, initiated an accelerated safeguard procedure on April 17, 2024. This approach, taken under the aegis of the Lyon Commercial Court, aims to develop a safeguard plan quickly in order to to guarantee the operational continuity of the company and protect the interests of stakeholders. The procedure only concerns commitments to financial institutions, founding shareholders, and public creditors of the company.

Commitments and operations with the Group's customers, suppliers and subcontractors will not be impacted by this procedure. AST Groupe assures that these commercial relations will continue normally, with execution in accordance with pre-established agreements. The planned observation period lasts four months, during which the Group, while maintaining its activities, will work on the presentation of a plan for the continuation of activities.

In response to this situation, AST Groupe also postponed the publication of its annual results and financial report for 2023, planning a detailed announcement after the observation period. Trading of shares on Euronext Paris will resume on April 19, 2024.