BRIEF-Heracles announces reorganisation

Fri Nov 28, 2014 3:37am EST

* Announces reorganisation after validation of recovery plan by Commercial Court in Paris

* Says as part of continuation plan will create a trust fund for financial partners of group with 24.5 million shares or 43.8 percent of capital

* Creation of trust means no money for externalization of Aphrodite, the holding of the founders of the group

* Says Emeric Sauty de Chalon will leave all his functions once AGM has been held Source text: bit.ly/1yjywWu Further company coverage: (Gdynia Newsroom)

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