algoWatt S.p.A., GreenTech Solutions Company listed on the Euronext Milan market of the Italian Stock Exchange, announces that the Court of Milan – within the framework of the Group composition with creditors procedure “with reservation” pursuant to Articles 44 and 284 of Legislative Decree No. 14 ss.mm.ii. of January 12, 2019, and subject to the favorable opinion of the Judicial Commissioners – has granted to algoWatt S.p.A. and Italeaf S.p.A, upon their request, an additional 60 days (and, therefore, until May 3) for the submission, alternatively, of a final proposal for an arrangement with creditors or an application for approval of a debt restructuring agreement, together with the relevant documentation.
