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Trevi Fin Industriale
Capital/Financing Update • Dec 20, 2019
4302_egm_2019-12-20_cdb7a947-0586-4a80-997e-1a07ccf3188c.pdf
Capital/Financing Update
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| Informazione Regolamentata n. 0262-91-2019 |
Data/Ora Ricezione 20 Dicembre 2019 15:10:09 |
MTA | |
|---|---|---|---|
| Societa' | : | TREVI GROUP | |
| Identificativo Informazione Regolamentata |
: | 126089 | |
| Nome utilizzatore | : | TREVIN01 - Sala | |
| Tipologia | : | REGEM | |
| Data/Ora Ricezione | : | 20 Dicembre 2019 15:10:09 | |
| Data/Ora Inizio Diffusione presunta |
: | 20 Dicembre 2019 15:10:10 | |
| Oggetto | : | TREVI FINANZIARIA INDUSTRIALE - BONDHOLDERS MEETING |
|
| Testo del comunicato |
Vedi allegato.
"TREVI – FINANZIARIA INDUSTRIALE S.P.A. 2014 – 2024" BOND POSTPONMENT OF THE TERM FOR THE CONDITION SUBSEQUENT TO THE EFFECTIVENESS OF THE AMENDMENTS TO THE TERMS AND CONDITIONS
Cesena, December 20, 2019 – The Bondholders' Meeting of the «TREVI – FINANZIARIA INDUSTRIALE S.P.A. 2014 – 2024» bond, ISIN CODE IT0005038382 (the "Terms and Conditions"), held today on first call, approved, with the favorable vote of approximately two third of the bonds, the postponement to July 31, 2020 of the term related to the condition subsequent to the effectiveness of the amendments of the Terms and Conditions approved by the Bondholders' Meeting held on May 2, 2019 (see the press release published by the Company on May 2, 2019, available on the Company's website at www.trevifin.com, under the Investor Relations/Press Releases section).
The effectiveness of the amendments to the Terms and Conditions had been subject to the condition subsequent of the failure to obtain the homologation pursuant to Article 182-bis of the Bankruptcy Law in relation to the restructuring agreement (the "Restructuring Agreement") and the failure of the closing of the overall transaction for the recapitalization and the restructuring of the Trevi Group (the "Transaction") within the original term of December, 31, 2019.
The postponement of the term to said condition subsequent to July 31, 2020 has therefore been approved by the Bondholders' Meeting in order to take into account the decree issued by the Tribunal of Forlì – which rejected the request of homologation of the Restructuring Agreement filed by the Company jointly with the subsidiaries Trevi S.p.A. e Soilmec S.p.A. (see the press release published by the Company on November 15, 2019 available on the Company's website at www.trevifin.com, under the Investor Relations/Press Releases section) – and the appeal against the abovementioned decision filed by said companies before the Court of Appeal of Bologna. In this regards, the reject of the homologation by the Tribunal of Forlì and the subsequent appeal shall cause a postponement of the envisaged timetable of the Transaction, so it was necessary to extend the term of the condition subsequent in order to avoid that, in the meantime, the amendments to the Terms and Conditions cease to be effective
The minutes of the Bondholders' Meeting and the summary of the votes cast will be made available to the public in the manner and within the term provided by the law.
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About Trevi Group:
Trevi Group is a worldwide leader in the field of soil engineering (special foundations, tunnel excavation, soil consolidation and the building and marketing of special rigs and equipment relevant to this engineering sector); the Group is also active in the drilling sector (oil, gas and water) both in the production of plant and the supply of services, and it also builds automated underground car parks. The Group was established in Cesena in 1957 and, today, has more than 30 branches and is present in over 80 countries.
Its success is due to the vertical integration of the main divisions making up the Group: Trevi, the division that supplies special services in the field of soil engineering; Petreven, the oil drilling division of the Group; Soilmec, the division that produces and develops plant and machinery for soil engineering; Drillmec the division that produces and develops drilling rigs (oil, gas and water)
The parent company has been listed on the Milan stock exchange since July 1999.
For further information:
Investor Relations: Massimo Sala - e-mail: [email protected]
Group Communications Office: Franco Cicognani - e-mail: [email protected] - tel: +39/0547 319503
Press Office: Community - Strategic communication advisers - T. +39 02 89404231 +39 02 89404231
Auro Palomba - [email protected]
Roberto Patriarca - T. +39 335 65 09568 - [email protected]