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Barcelona, 9 October 2014.- This morning, the Insolvency Administrator of Service Point Solutions, S.A. (Auren Concursal) deposited its Final Report on Service Point Solutions and its subsidiaries in the Commercial Court number 8 of Barcelona.
The Final Report includes relevant information relating to each Service Point Group company, necessary for the positive resolution of the Early Creditors Agreement (PAC) by the Court, for which final approval will occur with the judgement dictated by the Court over the coming weeks.
“We expect the judgement to be positive and that everything will be resolved in the coming weeks”, explained Matteo Buzzi, chairman of the Board of Directors of Service Point Solutions S.A. “The calendar announced at the Annual General Meeting held on 30 June is being met principally due to the entry of Paragon as an industrial investor, providing SPS, its shareholders and creditors a solution for the future.”
In addition, the Board of Directors of Service Point Solutions SA, in the light of the information received after 21 May, the date the 2013 Annual Accounts were signed, has agreed to re-issue these Accounts in order to obtain an audit opinion and to ensure that SPS shares will be traded once the appropriate authorization from the Spanish Stock Exchange Commission has been obtained.