ASTALDI: THE COMPOSITION PROPOSAL WAS VOTED “YES” WITH 58.32% THE MAJORITY REQUIRED FOR THE APPROVAL WAS EXCEEDED
Rome, 9 April 2020 – Astaldi S.p.A. informs that the creditors’ meeting of the Company was held today with the adoption of remote connection procedures, chaired by the Appointed Judge Angela Coluccio and before the Judicial Commissioners Enrico Proia, Piergiorgio Zampetti and Vincenzo Mascolo. On the basis of the votes validly expressed so far, the proposal for a composition with creditors on a going concern basis (concordato preventivo in continuità aziendale) made by Astaldi has already achieved votes in favour for 58.32% of the credits with the right to vote, thus exceeding the majority required for the approval.
The Company’s creditors who have not cast their vote as of today’s date are allowed to do it in the 20 days following today’s date (therefore, by 29 April 2020), in compliance with the provisions of art. 178 of the Italian Insolvency Law, sending it by electronic email to the addresses firstname.lastname@example.org (certified email address) or email@example.com(ordinary electronic mail) or by fax to the number +390687817060 or by telegram or letter to the offices of Enrico Proia, via Emanuele Gianturco n. 6 – 00196 Roma.
The Company reserves the right to disclose the final results of the voting procedure following the publication of the minutes that the bodies of the composition procedure will see to make known within the prescribed time limits and procedures provided for by the law.
The approval of the composition proposal by the creditors represents a fundamental step along the path that the Company is facing for more than two years now for restructuring Astaldi Group, as well as towards the performance of “Progetto Italia”, the Salini Impregilo’s plan for combining and establishing a great Italian player operating in the infrastructure segment, WeBuild.
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.