Acta S.p.A. Directorate Change (9873O)
June 02 2015 - 10:14AM
UK Regulatory
TIDMACTA
RNS Number : 9873O
Acta S.p.A.
02 June 2015
2 June 2015
Acta S.p.A. ("Acta" or "the Company")
Directorate Change
Acta S.p.A. (AIM: ACTA) announces the retirement of the
Company's Chairman, Robert Drummond, on grounds of ill health. It
is the Company's understanding, based upon independent advice it
has received, that his Board responsibilities will continue until a
replacement is found.
In addition, the Company remains subject to the Concordato in
continuità aziendale ex art. 160 e seguenti R.D. 16 Marzo 1942 n.
267 ("Concordato"), which it entered into in December 2014 in order
to protect the assets and intellectual property of the
business.
The Company continues to trade under the protection of the Court
during this period. However, based on the current status, the Board
sees very little prospect that value will be recovered by the
shareholders following the proposed restructuring transaction.
A further update will be provided in due course.
For further information please contact:
Acta S.p.A. Tel: +39 050 644281
Paul Barritt, Chief Financial Officer www.actaspa.com
Altium Capital (Nominated Advisor) Tel: +44 (0)845 505 4343
Adrian Reed / Dom Orsini
Cantor Fitzgerald Europe (Broker) Tel: +44 (0)20 7894 7000
Mark Percy / David Banks
www.actaspa.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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