{"id":1516144,"date":"2020-11-05T00:00:00","date_gmt":"2020-11-05T00:00:00","guid":{"rendered":"http:\/\/54.217.56.244\/investor-releases\/press-release-resignation-of-the-managing-director-riccardo-iovino-and-proposal-for-appointment-by-arim-holding-company-10-08-2020\/"},"modified":"2020-11-05T00:00:00","modified_gmt":"2020-11-05T00:00:00","slug":"press-release-resignation-of-the-managing-director-riccardo-iovino-and-proposal-for-appointment-by-arim-holding-company-10-08-2020","status":"publish","type":"investor-releases","link":"https:\/\/acrobaticagroup.com\/en\/investor-releases\/press-release-resignation-of-the-managing-director-riccardo-iovino-and-proposal-for-appointment-by-arim-holding-company-10-08-2020\/","title":{"rendered":"PRESS RELEASE &#8211; RESIGNATION OF THE MANAGING DIRECTOR RICCARDO IOVINO AND PROPOSAL FOR APPOINTMENT BY ARIM HOLDING COMPANY 10.08.2020"},"content":{"rendered":"[vc_row][vc_column][vc_column_text]Genoa, 10 August 2020 &#8211; EdiliziAcrobatica S.p.A. (&#8220;Company&#8221; or &#8220;EDAC&#8221;), a company specialized in double<br \/>\nsafety rope construction works, such as maintenance and renovation of buildings and other architectural<br \/>\nstructures, listed on the AIM Italia segment of the Italian Stock Exchange (EDAC ticker) and on Euronext<br \/>\nGrowth (ALEAC ticker), announces that today the managing director Riccardo Iovino has resigned from his<br \/>\nposition as director, effective as of the next shareholders&#8217; meeting to be called by the end of August, in<br \/>\nordinary and extraordinary session, which will be called to resolve, inter alia, on the approval of the merger<br \/>\nby incorporation into EdiliziAcrobatica S.p.A. of certain companies wholly owned by the parent company.<br \/>\nEdiliziAcrobatica S.p.A. informs that the company Arim Holding S.r.l., with registered office in Florence, Via<br \/>\nPier Capponi 89, VAT no., tax code and Florence Company Register number 06817050484, has expressed to<br \/>\nthe Board of Directors of the undersigned company its willingness to be appointed as a new member to<br \/>\ncomplete the administrative body.<br \/>\nAs of the date of this press release, Arim Holding S.r.l. holds an interest of approximately 76.24% in the<br \/>\nshare capital of EdiliziAcrobatica S.p.A. and the resigning director Riccardo Iovino is the sole director of the<br \/>\naforesaid company. The possible appointment of Arim Holding will therefore guarantee full and complete<br \/>\ncontinuity in the management of the Group as well as greater efficiency and cost containment ensuring<br \/>\nthat Riccardo Iovino, in the aforementioned capacity as sole director, continues to be the reference point<br \/>\nfor the Group. The reasons for the aforementioned resignation are therefore to be considered to make the<br \/>\nappointment of Arim Holding S.r.l. technically possible also in consideration of its willingness and approval<br \/>\nfor taking office. In this regard, it should be noted that the effectiveness of the resignation of Riccardo<br \/>\nIovino, being preparatory to the possible appointment of Arim Holding S.r.l. as a new member of the Board<br \/>\nof Directors of the Company, remains subject to the effective appointment and acceptance of the office by<br \/>\nthe aforementioned company.<br \/>\nTherefore, in consideration of the resignation of Riccardo Iovino which will take effect as of the date of the<br \/>\nnext Shareholders&#8217; Meeting of the Company, the Company will be called upon to resolve, inter alia, on the<br \/>\nintegration of the Board of Directors of the Company through the appointment of a new member,<br \/>\ndetermining the relative remuneration.[\/vc_column_text][vc_empty_space height=&#8221;22px&#8221;][vc_column_text]<a href=\"https:\/\/ediliziacrobatica.com\/app\/uploads\/2020\/11\/43-PRESS-RELEASE-RESIGNATION-OF-THE-MANAGING-DIRECTOR-RICCARDO-IOVINO-AND-PROPOSAL-FOR-APPOINTMENT-BY-ARIM-HOLDING-COMPANY-10.08.2020.pdf\" target=\"_blank\" rel=\"noopener\">43- PRESS RELEASE &#8211; RESIGNATION OF THE MANAGING DIRECTOR RICCARDO IOVINO AND PROPOSAL FOR APPOINTMENT BY ARIM HOLDING COMPANY 10.08.2020<\/a>[\/vc_column_text][vc_empty_space height=&#8221;22px&#8221;][vc_column_text]Deborah Dirani<br \/>\nPress Office<br \/>\nufficiostampa@ediliziacrobatica.com<br \/>\nwww.ediliziacrobatica.com<\/p>\n<p>EdiliziAcrobatica SpA<br \/>\nDirectorate General<br \/>\nViale Brigate Partigiane 18\/2A<br \/>\n16129 Genova (GE)<br \/>\nMob: +39 393 8911364[\/vc_column_text][\/vc_column][\/vc_row]\n","protected":false},"featured_media":0,"template":"","categorie_comunicati_stampa":[],"class_list":["post-1516144","investor-releases","type-investor-releases","status-publish"],"acf":[],"_links":{"self":[{"href":"https:\/\/acrobaticagroup.com\/en\/wp-json\/wp\/v2\/investor-releases\/1516144","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=1516144"}],"wp:term":[{"taxonomy":"categorie_comunicati_stampa","embeddable":true,"href":"https:\/\/acrobaticagroup.com\/en\/wp-json\/wp\/v2\/categorie_comunicati_stampa?post=1516144"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}