{"id":1516137,"date":"2020-11-05T00:00:00","date_gmt":"2020-11-05T00:00:00","guid":{"rendered":"http:\/\/54.217.56.244\/investor-releases\/rectification-press-release-the-board-of-directors-has-approved-the-draft-financial-statements-as-at-31-12-2019-and-consolidated-financial-statements-2019-24-04-2020\/"},"modified":"2020-11-05T00:00:00","modified_gmt":"2020-11-05T00:00:00","slug":"rectification-press-release-the-board-of-directors-has-approved-the-draft-financial-statements-as-at-31-12-2019-and-consolidated-financial-statements-2019-24-04-2020","status":"publish","type":"investor-releases","link":"https:\/\/acrobaticagroup.com\/en\/investor-releases\/rectification-press-release-the-board-of-directors-has-approved-the-draft-financial-statements-as-at-31-12-2019-and-consolidated-financial-statements-2019-24-04-2020\/","title":{"rendered":"RECTIFICATION PRESS RELEASE -The Board of Directors has approved the draft financial statements as at 31.12.2019 and consolidated financial statements 2019. 24.04.2020"},"content":{"rendered":"[vc_row][vc_column][vc_column_text]THIS DOCUMENT MAY NOT BE PUBLISHED, DISTRIBUTED, USED, IN WHOLE OR IN PART, DIRECTLY OR
\nINDIRECTLY, BY OR IN THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, OR ANY OTHER JURISDICTION
\nWHERE SUCH PUBLICATION, DISTRIBUTION AND\/OR USE WOULD VIOLATE THE LAWS OF THAT
\nJURISDICTION.
\nThis document does not constitute an offer prospectus or an admission document. This document does not
\nconstitute, and shall not be construed as, an offer to the public for subscription, purchase, sale or
\nexchange, nor an invitation to make an offer for subscription, purchase, sale or exchange, of securities. This
\ndocument and the information contained herein have been prepared for information purposes only and
\nare in no way intended to constitute investment advice or a recommendation for investment in financial
\ninstruments. Potential investors must not subscribe and\/or purchase the financial instruments covered by
\nthis document on the basis of the information contained herein. There will be no offer of financial
\ninstruments to the public either in Italy or in any other country. Any private placement of the Company’s
\nshares will be made in the context of the admission of the Company’s shares to AIM Italia, exclusively under
\nthe exemption from the application of the laws and regulations on public offering and therefore the offer
\nof the shares has not been and will not be subject to the approval of CONSOB or any other competent
\nauthority in Italy or abroad in accordance with the applicable regulations. No prospectus or other
\nequivalent information document will be published in connection with the admission of the Company’s
\nshares to AIM Italia.
\nPRESS RELEASE
\nGenoa, 24 April 2020 – EdiliziAcrobatica S.p.A. (“Company” or “EDAC”), a company specialized in double
\nsafety rope construction works, such as maintenance and renovation of buildings and other architectural
\nstructures, listed on the AIM Italia segment of the Italian Stock Exchange (EDAC ticker) and Euronext
\nGrowth (ALEAC ticker), informs that, he proposal for the allocation of the net profit for the year approved
\nby the Board of Directors held on 27 March 2020, which cancels and replaces the proposal erroneously
\nindicated in the press release issued to the public on 27 March 2020 and relating to the approval of the
\ndraft financial statements and consolidated financial statements for the year ended 31 December 2019 of
\nthe Company, is as follows.
\nThe Board of Directors will propose to the Shareholders’ Meeting to allocate the net profit for the year
\n2019 of EdiliziAcrobatica S.p.A. for Euro 3,979 to the legal reserve (which reaches the legal limit of 20% of
\nthe share capital) and for Euro 1,221,196 as dividends to be distributed to shareholders. The Board of
\nDirectors will also propose to distribute to shareholders an additional amount of Euro 125,924 drawn from
\nthe balance sheet item “retained earnings”, to round off the coupon to Euro 0.17 per share.
\nIt should also be noted that, with reference to the aforesaid proposal for a resolution, the Board of
\nDirectors of the Company is currently evaluating the advisability of accessing the system of financial
\nguarantees granted by SACE S.p.A. in favour of banks and other credit institutions, for loans in any form
\ngranted in favour of companies, recently introduced by Decree Law no. 23 of 8 April 2020 (the so-called
\n“Liquidity Decree”), which has not yet been converted into ordinary law.
\nTherefore, in view of the fact that the resolution on the distribution of dividends could be an obstacle to
\nthe use of such measures by the Company pursuant to the provisions of the Liquidity Decree, as also
\nspecified in the Directors’ Explanatory Report made available to shareholders on the Company’s website,
\nwww.ediliziacrobatica. com, the Chief Executive Officer will present, at the next Ordinary Shareholders’
\nMeeting, which will be held in first call on 28 April 2020 and, if necessary, in second call on 29 April 2020,
\nthe proposal to postpone to a future Shareholders’ Meeting, to be held by the end of 2020, the resolution
\non the allocation of profits for the year.[\/vc_column_text][vc_empty_space height=”22px”][vc_column_text]36- RECTIFICATION PRESS RELEASE -The Board of Directors has approved the draft financial statements as at 31.12.2019 and consolidated financial statements 2019. 24.04.2020<\/a>[\/vc_column_text][\/vc_column][\/vc_row]\n","protected":false},"featured_media":0,"template":"","categorie_comunicati_stampa":[],"class_list":["post-1516137","investor-releases","type-investor-releases","status-publish"],"acf":[],"_links":{"self":[{"href":"https:\/\/acrobaticagroup.com\/en\/wp-json\/wp\/v2\/investor-releases\/1516137","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/acrobaticagroup.com\/en\/wp-json\/wp\/v2\/investor-releases"}],"about":[{"href":"https:\/\/acrobaticagroup.com\/en\/wp-json\/wp\/v2\/types\/investor-releases"}],"wp:attachment":[{"href":"https:\/\/acrobaticagroup.com\/en\/wp-json\/wp\/v2\/media?parent=1516137"}],"wp:term":[{"taxonomy":"categorie_comunicati_stampa","embeddable":true,"href":"https:\/\/acrobaticagroup.com\/en\/wp-json\/wp\/v2\/categorie_comunicati_stampa?post=1516137"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}