Belvedere to convene Dec. 23 meeting for holders of its Obsars

By Jennifer Chiou

New York, Dec. 9 - Belvedere SA announced a meeting on Dec. 23 for holders of its refundable share purchase warrants, or obligation à bons de souscription en actions remboursables, series A and B.

This follows the Nov. 10 approval of its plans of reorganization in the Court of Dijon.

Holders will decide on proposed changes to the terms of the securities.

Belvedere previously said that holders representing about €100 million of its Obsars had unanimously approved the plan. Holders of the series B Obsars, however, had not yet reached a quorum.

Based in Beaune, France, Belvedere is a producer and distributor of alcoholic and non-alcoholic beverages.

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