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 act s 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, 20 December 2016 REPORTING TO THE PUBLIC Ansaldo Sts S.p.A. informs that, on 19 December 2016, the Board of Directors resolved: by majority vote - That Mr. Alberto de Benedictis meets the requirements set out for independent directors, also having regard to the pro veritate opinion rendered by prof. Angelici, emeritus professor of commercial law at La Sapienza University of Rome, thus further confirming the previous resolution of the Company’s Board of Directors;
- To censure Mr. Giuseppe Bivona, director appointed from the minority shareholders’ list submitted by the Elliott Funds, for certain behaviours amounting to serious breach of a director’s duties, such as misuse of power and conflict of interest with the Company,;
by unanimous vote - t o empower the Company’s CEO, Mr. Barr, to consider, with the assistance of a criminal lawyer instructed by the Company, the possibility to submit a complaint/take an action against third parties, following dissemination of the Company’s confidential information.
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
