The shares of the energy company Holaluz remain suspended from trading since early this morning on the BME Growth, the former MAB, due to the company’s inability to publish its annual audited financial information on time.
The Holaluz company lost a total of 26 million euros in 2023, compared to 5.1 million losses in 2022, which represents quintupling your red numbersaccording to the accounts communicated to BME Growth yesterday, Wednesday, May 1.
BME announced yesterday afternoon that it had made the decision to suspend the trading of Holaluz shares in the BME Growth by virtue of the relevant information published yesterday, through which it communicated “the inability to meet your obligation “to publish within the period provided for by the regulations for this purpose the report by the auditor corresponding to the financial information for the year 2023.”
The suspension came into effect today at 8:00 a.m. and for the moment Holaluz has not communicated any news in this regard.
Holaluz also announced yesterday that the representatives on its board of directors of the venture capital fund Axon and the Geroa pension fund They had signed the accounts in disagreement.
The company is negotiating the acquisition of financial for 21 million, including 10 million from a loan from the Catalan Institute of Finances, the public financial entity of the Generalitat, and the delay in obtaining this financing has led the company’s management to contemplate the possibility of presenting a accreditors pre-contest as detailed yesterday in the management report sent to BME Growth.
Holaluz is suffering from the decline in the photovoltaic panel market, like other companies in the sector, such as SolarProfit, which has even requested pre-bankruptcy.
In addition, last November the Catalan company announced an ERE for some 200 workers (27% of its workforce), due to the slowdown in the solar business in the residential sector.
In addition, BME has also Solarprofit trading suspended a photovoltaic self-consumption group based in Llinars del Valls (Barcelona), also announced a few weeks ago a pre-bankruptcy of creditors one day after reporting the application of an employment regulation file (ERE) to 90% of its workforce.
The company explained in a statement to BME Growth that, “due to high liquidity tensions that seriously affect compliance with payment deadlines”, at the end of March it reported the opening of negotiations with creditors to reach a restructuring plan.