Saipem Expresses its Satisfaction at the Court of Milan, who Acquitted All the Defendants

Source: www.gulfoilandgas.com 4/12/2022, Location: Europe

Saipem S.p.A. expresses its satisfaction for today’s decision issued by the Judge for the preliminary hearing at the Court of Milan, who acquitted, because “no offence was committed”, the Company, the former CEO of the Company (in office from April 30, 2015 until April 30, 2021), and the former CFO and Officer responsible for the Company’s financial reporting (in office from December 6, 2013 until June 7, 2016) in relation to the following alleged crimes: (i) false accounting, allegedly committed from March 16, 2016 to July 27, 2016; (ii) false statement in the prospectus and manipulation of the market, allegedly committed from October 27, 2015 to July 27, 2016.


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