RNB instigates a written procedure to approve composition proposal in certain subsidiaries
RNB RETAIL AND BRANDS AB (publ) (the "Company") has earlier, through a pressrelease on 1 July 2020, announced that its subsidiaries, Departments & Stores Europe AB Reg. No. 556541-8778, Polarn O. Pyret Aktiebolag Reg. No. 556235-7383 and Brothers AB, Reg. No. 556513-6826 (the "Subsidiaries") at Stockholm District Court have presented a composition proposal to the creditors (the "Composition Proposal"). According to the Composition Proposal the non-priority claims towards the Subsidiaries shall be reduced with 75 per cent. In accordance with Clause 11.3 of the terms and conditions of