(Alliance News) - Directa SIM Spa on Friday said that, with reference to press articles that appeared today, it "clarifies that it is not under investigation."

Directa - the company note continues - "takes note that, from documents notified to the company as part of a judicial proceeding still in the preliminary investigation phase, it appears that the president is under investigation at the Turin Public Prosecutor's Office, presumably in relation to the top role held. Directa SIM, together with its directors, has guaranteed full and complete cooperation to the Judicial Authority and the Supervisory Authorities and trusts that the total extraneousness of its Chairman will emerge during the course of the investigation. No other current director, nor any manager or employee of Directa SIM, is under investigation at this time."

The subject of the judicial investigation concerns activities carried out with reference to a part of Directa's operations with institutional clients. Private clients do not appear to be impacted in any way by the affair.

"While considering the aforementioned operations to be lawful, the SIM's board of directors, with a view to the full protection of all those affected, has already put in place a plan that will allow the rapid cessation of the activity in question. The initiatives taken do not affect the company's soundness, having a negligible impact in economic terms on the 2023 and 2024 financial statements," Directa SIM specifies in the communication.

Directa SIM on Friday closed 6.0 percent in the red at EUR3.93 per share

By Maurizio Carta, Alliance News reporter

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