ASTALDI: COVID-19 EMERGENCY – THE CREDITORS’ MEETING POSTPONED TO 9 APRIL 2020 TO ALLOW THE ADOPTION OF REMOTE CONNECTION PROCEDURES

Rome, 23 March 2020 – 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.

ASTALDI GROUP is one of the main Contractors worldwide in the field of complex and strategic infrastructure projects. Active for 95 years at an international level, the Group develops initiatives within the fields of design, construction and management of public infrastructures and large civil engineering works, mainly in the areas of Transportation Infrastructures, Energy Production Plants and Civil and Industrial Buildings, Facility Management, Plant Design and Engineering and Complex Systems Management. Listed on the Milan Stock Exchange since 2002, Astaldi is based in Italy and operates mainly in Europe (Poland, Romania) and Turkey, Africa (Algeria), North America (Canada and the United States) and Latin America. On 28 September 2018, the Company filed an application with the Court of Rome for admission to the composition with creditors procedure pursuant to Article 186-bis, Royal Decree no. 267 of 16 March 1942, as amended and supplemented; this application was accepted on 5 August 2019 and the procedure is still pending.

ASTALDI
Tel. +39 06.41766360 
Alessandra Onorati / Anna Forciniti
External Relations and Investor Relations
investor.relations@astaldi.com
www.astaldi.com

IMAGE BUILDING
Tel. +39 02.89011300
Giuliana Paoletti / Alfredo Mele
astaldi@imagebuilding.it

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