(Alliance News) - The Italian Sea Group Spa has announced that its board of directors has co-opted Pietro Smeriglio as a new board member, also granting him the status of employer under safety regulations.
Smeriglio will take on the role of non-independent and non-executive director and will not sit on any internal board committees.
The board has also resolved to request voluntary exclusion from the STAR segment from Borsa Italiana to simplify and optimize corporate activities and available resources, with the aim of increasing operational flexibility and focusing on the management of the financial situation.
Once the procedure is completed, the shares will continue to be traded on Euronext Milan.
During the meeting, the board also reported to the board of statutory auditors, with the support of appointed consultants, regarding the notification received pursuant to Article 25-octies of the Business Crisis Code.
The company explained that the reported debt positions were considered in the analysis of debt exposure, with the goal of managing maturities in a manner consistent with financial availability and estimated operating receipts, while ensuring the continuation of orders and payment flows within the scope of normal business operations.
By Antonio Di Giorgio, Alliance News reporter
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