Final restructuring of Pilgrim A/S

The restructuring of the Danish jewellery company Pilgrim A/S has finally been completed with a dividend distribution of 58%. Plesner has been involved in the restructuring.

The restructuring of the Danish jewellery company Pilgrim A/S started in August 2014. As part of the restructuring an investor has invested capital in the group and the creditors will be paid a dividend of approximately 58%. The final subsequent distribution to the creditors took place in mid-November 2015.

The restructuring means that the operation of the company may continue and that a significant number of jobs have been saved.

Attorney-at-Law and Plesner Partner Ulrik Holsted-Sandgreen has been one of the restructuring administrators.

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