Olidata S p A : Press release - EXTENSION OF THE DEADLINE FOR PRE-AGREEMENT WITH CREDITORS

Cesena, July 14, 2021

PRESS RELEASE

EXTENSION OF THE DEADLINE FOR PRE-ARRANGEMENT WITH CREDITORS

Given that on 05.10.2021 - in the presence of Dr. Marcello Porfiri, Notary in Cesena - a report was issued, pursuant to art. 2436 of the Italian Civil Code, of the decision of the Chairman of the Board of Directors to approve the application for admission to the preliminary arrangement with creditors of Olidata S.p.A. (hereinafter also the "Company"), pursuant to art. 152 and 161, paragraph six, of the Bankruptcy Law, as amended by Law n.134 / 2012 and by Law Decree n. 69/2013.

Premesso altresì che - in data 14 Maggio - la Socie tà ha formulato opposizione all'istanza di fallimento presentata dal Collegio Sindacale in data 12.04.2021 presso il Tribunale Ordinario di Forlì, Sezione Fallimentare.

Given that on May 21, 2021, the Ordinary Court of Forlì, Bankruptcy Section, granted the appellant company a deadline until 07.12.2021 for the presentation of a definitive proposal for an arrangement with creditors or an application for approval of restructuring agreements. debts, pursuant to art. 161, paragraph 6 of the Bankruptcy Law.

On July 13, 2021, the company informs that the Ordinary Court of Forli granted an extension of the term of the arrangement with creditors until September 10, 2021. The duties and obligations of the company remain the same as the original provision for admission to the arrangement, with the new deadlines set for July 30th and August 30th to file the financial and information reports.

For more information on the Company and its products, you can consult the website at: www.olidata.com> INVESTOR RELATIONS.

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