Astaldi S.p.A. informs that the Court of Rome, Insolvency Division (the “Court”), with a special decree set for 23 June 2020, at 11:00 o’clock am (CET), the judgement sitting for approving the composition with creditors as per art. 180 of the Italian Insolvency Law.
The decree takes note of the conclusion of the voting procedures regarding the proposal for a composition with creditors on a going concern basis (concordato preventivo in continuità aziendale) submitted by Astaldi to the Court, where the proposal was approved with a majority equal to 69.4% of the credits with the right to vote which, as a whole, amount to approximately EUR 3,017 million. This figure takes into account the votes validly cast at 9 April 2020 (58.32% of votes in favour), as well as the additional votes in favour validly cast during the following twenty days after the meeting (11.08%), in compliance with the provisions of art. 178 of the Italian Insolvency Law.
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