With reference to the article published today in the newspaper Il Sole 24 ORE titled “Astaldi: the reorganisation divides the BoD. The stock at +100 in one week”, Astaldi categorically denies any difference among the members of the Company’s Board of Directors and Board of Statutory Auditors.
In fact, as of today’s date, the BoD has not met any more after the meeting where it assessed and resolved to submit to the Court of Rome the application of composition with creditors “with reservation” pursuant to article 161, subsection 6, and article 186-bis of R.D. of 16 March 1942, no. 267 as subsequently modified and amended (the “Italian Insolvency Law”). The application is preparatory to the filing of a proposal of composition with creditors on a “going concern basis” pursuant to articles 160 and 186-bis and seq. of the Italian Insolvency Law. The Company plans to call a new meeting after the decision of the afore-mentioned Court.
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