Landi Renzo

Capital/Financing Update • Nov 28, 2016

Informazione Regolamentata n. 0915-38-2016		Data/Ora Ricezione 28 Novembre 2016 20:19:20	MTA - Star
Societa'	:	LANDI RENZO
Identificativo Informazione Regolamentata	:	82131
Nome utilizzatore	:	LANDIN02 - Marziali
Tipologia	:	IROS 06
Data/Ora Ricezione	:	28 Novembre 2016 20:19:20
Data/Ora Inizio Diffusione presunta	:	28 Novembre 2016 20:34:21
Oggetto	:	Bondholders' Meeting
Testo del comunicato

Vedi allegato.

Landi Renzo: call of Bondholders' meeting "LANDI RENZO 6,10% 2015- 2020" ISIN IT0005107237

Cavriago, November 28, 2016 - The Board of Directors of Landi Renzo, today in a meeting chaired by Stefano Landi, on the basis of Business Plan 2017 – 2020 which must be finalized yet and in which the project to optimize the Group's financial structure is a point, resolved to authorize the President to convene the Bondholders' Meeting for the bond "Landi Renzo 6.10% 2015-2020" ISIN code IT0005107237. This Meeting, to be held by the end of December 2016, will be called to approve some amendments to the loan regulation and to release some waivers to some of its provisions prodromal to the definition of the optimal financial structure. This is aimed to avoid the creation of the conditions for a possible acceleration of the repayment of the loan at the end of this year.

Stefano Landi CEO of Landi Renzo and Cristiano Musi new General Manager and future CEO (hired through Egon Zehnder) said: "In the new business plan 2017-2020 which is under definition and is aimed, firstly, to identify the markets and segments where it is believed that the Group can better grow and, secondly, to define all actions to reduce costs in order to return to profitability, the task to optimize the financial structure is a part of the plan itself. In this context the Bondholders' Meeting is called to propose some amendments to the loan regulation".

This Meeting is a first step aimed to the implementation of the project to optimize the financial structure of the Group whose guidelines have been developed with the support of the financial advisor Mediobanca and are under discussion with the financing banks.

The documentation related to the Bondholders' Meeting will be published in accordance with law.

This press release is a translation. The Italian version prevails.

Landi Renzo is a world leader in the sector of components and LPG and CNG fuel systems for motor vehicles. Based in Cavriago (Reggio Emilia – Italy) and with 60 years' experience in the sector, Landi Renzo is distinguished for its international operations, with a presence in over 50 countries and about 80% of sales generated abroad. Landi Renzo S.p.A. has been listed in the STAR segment of Borsa Italiana MTA market since June 2007.

For further information:

Landi Renzo IR TOP CONSULTING M&A and Investor Relations Officer Tel. +39 02 45473884/3 ir@landi.it ir@irtop.com

Corrado Storchi Public Affairs Officer cstorchi@landi.it Tel. +39 0522.94.33

Pierpaolo Marziali Maria Antonietta Pireddu, Domenico Gentile