Astaldi S.p.A. (“Astaldi” or the “Company”) informs that the Court of Rome, Insolvency Division (the “Court”), with its decree filed on today’s date, declared the urgency of the Company’s composition procedure deferring to 9 April 2020, at 10:30 a.m. (CET) the creditors’ meeting and the relevant vote (the “Meeting”), formerly called on 26 March 2020, at 10:30 a.m. (CET).
The Court also set that the Meeting will be held with the adoption of remote connection procedures, as provided for by Art. 163, subsection 2, No. 2 bis), of the Italian Insolvency Law, also establishing that the discussion on the debtor’s proposal will be regulated by a separate decree to be issued by the appointed judge at least ten days prior to the date of the Meeting.
Therefore, this short postponement was decided in order to arrange the technical regulations aimed at allowing the holding of the Meeting with the adoption of remote connection procedures, thus avoiding gatherings, in light of the latest measures regarding the containment and management of the COVID-19 epidemiological emergency and in compliance with current regulations.
It should also be noted that the “Voting expression form for ASTALDI S.p.A. Composition with Creditors procedure no. 63/2018” is available on the Company’s website www.astaldi.com (Section Investor Relations–Composition with Creditors), and all creditors invited to vote within Astaldi’s composition procedure may use it to cast their voting right, even if they do not attend the Meeting.