(Alliance News) - algoWatt Spa announced Wednesday that it is unaware of any events or news that may have triggered the recent share price movements on the stock market.

"In relation to the performance of the stock on the Stock Exchange in recent sessions and in order to properly inform the market, algoWatt communicates that it is still waiting for the ruling of the Court of Milan regarding the request for an extension of the deadline granted for the filing of a final proposal for a group arrangement with creditors or an application for homologation of group debt restructuring agreements," the company explained.

AlgoWatt's stock is now down 17 percent to EUR0.17 per share and, in the past five sessions, has given up 30 percent. Between yesterday and today alone, the stock gave up 25 percent.

In addition, Borsa Italiana announced that, as of today and until further notice, no limitless order entry will be allowed on algoWatt's ordinary shares.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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