ASTALDI: EXTRAORDINARY SHAREHOLDERS’ MEETING APPROVES THE SHARE CAPITAL INCREASE SERVICING THE EQUITY-LINKED BOND LOAN DECIDED UPON BY THE BOD MEETING OF 13 JUNE 2017

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As of today, the extraordinary session of the Shareholders’ Meeting of Astaldi S.p.A. has approved the share capital increase, by payment in tranches with the exclusion of pre-emptive rights, pursuant to Article 2441, subsection 5, of the Italian Civil Code, for a total maximum nominal amount of EUR 35,706,998, to be released on one or more occasions, through the issue of a maximum of 17,853,499 ordinary Astaldi shares, to be used exclusively for the equity-linked bond loan resolved upon by the Board of Directors on 13 June 2017 and placed entirely with qualified investors for the sum of EUR 140 million on 14 June 2017.

During the Shareholders’ Meeting, Chairman Paolo Astaldi announced to the Shareholders that following the downturn in the Company’s stocks and bonds starting this past 8 November, Astaldi S.p.A. deemed it appropriate to take action with the relevant authorities, for measures to protect the Company, its Shareholders and the regular market trends.

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Last updated: Dec 15 2017