{"id":1832083,"date":"2020-11-05T00:00:00","date_gmt":"2020-11-05T00:00:00","guid":{"rendered":"https:\/\/ediliziacrobatica.com\/comunicati-stampa\/press-release-resignation-of-the-managing-director-riccardo-iovino-and-proposal-for-appointment-by-arim-holding-company-10-08-2020\/"},"modified":"2020-11-05T00:00:00","modified_gmt":"2020-11-05T00:00:00","slug":"press-release-resignation-of-the-managing-director-riccardo-iovino-and-proposal-for-appointment-by-arim-holding-company-10-08-2020","status":"publish","type":"investor-releases","link":"https:\/\/ediliziacrobatica.com\/en\/comunicati-stampa\/press-release-resignation-of-the-managing-director-riccardo-iovino-and-proposal-for-appointment-by-arim-holding-company-10-08-2020\/","title":{"rendered":"PRESS RELEASE – RESIGNATION OF THE MANAGING DIRECTOR RICCARDO IOVINO AND PROPOSAL FOR APPOINTMENT BY ARIM HOLDING COMPANY 10.08.2020"},"content":{"rendered":"

Genoa, 10 August 2020 – EdiliziAcrobatica S.p.A. (“Company” or “EDAC”), a company specialized in double
\nsafety rope construction works, such as maintenance and renovation of buildings and other architectural
\nstructures, listed on the AIM Italia segment of the Italian Stock Exchange (EDAC ticker) and on Euronext
\nGrowth (ALEAC ticker), announces that today the managing director Riccardo Iovino has resigned from his
\nposition as director, effective as of the next shareholders’ meeting to be called by the end of August, in
\nordinary and extraordinary session, which will be called to resolve, inter alia, on the approval of the merger
\nby incorporation into EdiliziAcrobatica S.p.A. of certain companies wholly owned by the parent company.
\nEdiliziAcrobatica S.p.A. informs that the company Arim Holding S.r.l., with registered office in Florence, Via
\nPier Capponi 89, VAT no., tax code and Florence Company Register number 06817050484, has expressed to
\nthe Board of Directors of the undersigned company its willingness to be appointed as a new member to
\ncomplete the administrative body.
\nAs of the date of this press release, Arim Holding S.r.l. holds an interest of approximately 76.24% in the
\nshare capital of EdiliziAcrobatica S.p.A. and the resigning director Riccardo Iovino is the sole director of the
\naforesaid company. The possible appointment of Arim Holding will therefore guarantee full and complete
\ncontinuity in the management of the Group as well as greater efficiency and cost containment ensuring
\nthat Riccardo Iovino, in the aforementioned capacity as sole director, continues to be the reference point
\nfor the Group. The reasons for the aforementioned resignation are therefore to be considered to make the
\nappointment of Arim Holding S.r.l. technically possible also in consideration of its willingness and approval
\nfor taking office. In this regard, it should be noted that the effectiveness of the resignation of Riccardo
\nIovino, being preparatory to the possible appointment of Arim Holding S.r.l. as a new member of the Board
\nof Directors of the Company, remains subject to the effective appointment and acceptance of the office by
\nthe aforementioned company.
\nTherefore, in consideration of the resignation of Riccardo Iovino which will take effect as of the date of the
\nnext Shareholders’ Meeting of the Company, the Company will be called upon to resolve, inter alia, on the
\nintegration of the Board of Directors of the Company through the appointment of a new member,
\ndetermining the relative remuneration.43- PRESS RELEASE – RESIGNATION OF THE MANAGING DIRECTOR RICCARDO IOVINO AND PROPOSAL FOR APPOINTMENT BY ARIM HOLDING COMPANY 10.08.2020<\/a>Deborah Dirani
\nPress Office
\nufficiostampa@ediliziacrobatica.com
\nwww.ediliziacrobatica.com<\/p>\n

EdiliziAcrobatica SpA
\nDirectorate General
\nViale Brigate Partigiane 18\/2A
\n16129 Genova (GE)
\nMob: +39 393 8911364<\/p>\n","protected":false},"featured_media":0,"template":"","class_list":["post-1832083","investor-releases","type-investor-releases","status-publish"],"acf":[],"yoast_head":"\nPRESS RELEASE - RESIGNATION OF THE MANAGING DIRECTOR RICCARDO IOVINO AND PROPOSAL FOR APPOINTMENT BY ARIM HOLDING COMPANY 10.08.2020 - EdiliziAcrobatica<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PRESS RELEASE - RESIGNATION OF THE MANAGING DIRECTOR RICCARDO IOVINO AND PROPOSAL FOR APPOINTMENT BY ARIM HOLDING COMPANY 10.08.2020 - EdiliziAcrobatica\" \/>\n<meta property=\"og:description\" content=\"Genoa, 10 August 2020 – EdiliziAcrobatica S.p.A. 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