Astaldi S.p.A. (the “Company”) informs that in the decree filed on today’s date, the Insolvency Division of the Court of Rome (the “Court”) deferred the hearing for the meeting with creditors and relative voting to 26 March 2020 at 10.30 a.m. It also set the 31 December 2019 as the deadline for informing the creditors, by the Judicial Commissioners, of the notices provided for by the insolvency regulations. The new schedule results from the filling of the vacant positions on the Board of Judicial Commissioners, already disclosed by the Company on 25 November 2019, and is aimed at assigning the Judicial Commissioners, as integrated in the Board, an adequate period of time for preparing the Report as per art. 172 of the Insolvency Law. The Report shall be made available to creditors within the time limits provided for by the regulations in force.
The Company believes that the postponement ordered by the Court is, in any case, compatible with the conclusion of the procedure within the timeframe estimated for implementing the Plan.