Ansaldo STS, listed on the Italian Stock Exchange, is an international technology company specializing in the design, implementation and management of transport systems and signaling equipment for railways and underground railways, both for freight and passengers. The Group acts as a Main Contractor and supplier of “turnkey” systems worldwide. Ansaldo STS is headquartered in Genoa and employs about 3,800 people in more than 30 countries. In 2015, it reported revenues of EUR 1,383.8 million with an operating income (EBIT) of EUR 135.8 million and a consolidated net profit of EUR 93.0 million.
PRES S R EL E A SE Genoa, 9 th November 2016 ANSALDO STS The Court of Geno a rejects Elliott’s claim Today the Court of Geno a rejected Elliott’s request of a precautionary suspension of the shareholders’ resolutions both dated 13 May 2016 (i) for the appointment of Ansaldo STS Board of Directors; and (ii) for the appointment of the Chairman Mr. Alistair Dormer because the petition is without ground.
Ansaldo STS expresses its satisfaction for the decision of the Court that not only prevents the occurrence of a circumstance which would have seriously jeopardised the stability of the company and its business but also affirms that the Elliott claims have no grounds.
Namely, the Court stated that all events occurred before the appointment may not be held against the Company and its Board because "the events are not within the scope of knowledge of the current corporate bodies (these events took place prior to their appointment and ANSALDO had no involvement)" and that the directors in office have been legitimately appointed.
External Relations & Communication: Ansaldo STS Andrea Razeto, tel. +39 010 6552068 andrea.razeto@ansaldo-sts.com Investor Relations: Ansaldo STS Roberto Corsanego, tel. +39 010 6552076 roberto.corsanego@ansaldo-sts.com
