Aeffe, petition to the court of Bologna for new 20 million finance

The postponement entails a consequent adjustment of the entire corporate calendar. Then, on 30 July, the board will meet to approve the 2026 half-yearly report, and on the following day the annual shareholders' meeting will be held to approve the statutory and consolidated financial statements as at 31 December 2025 and appoint the corporate bodies.

The decision to postpone these deadlines is part of the broader context of the ongoing restructuring process and discussions with potential industrial and financial partners, as well as the need to define the scope of capital and financial strengthening measures.

The organisational reorganisation is part of a phase in which the group continues to move along the path of the negotiated settlement of the crisis, which had already begun last October and was the subject of subsequent procedural additions. The companies in the perimeter are also working on updating the industrial and financial plan, functional to the definition of the interlocutions with creditors and the banking system.

At the same time, the industrial dossier also remains influenced by the progress of ongoing negotiations with potential investors and the definition of the conditions for the possible entry of new finance, an element that is considered central to sustaining operations in the short term and for the continuity of the restructuring path.

On the industrial front and of the possible solutions to the restructuring process, the Aeffe dossier is also enriched by a further element. The group has in fact received a non-binding preliminary offer from Oxy Capital, an operator active in investment and corporate restructuring operations.

The proposal comes as part of the process of selecting potential investors launched in recent months with the support of Lazard and in coordination with the corporate bodies and the expert appointed as part of the negotiated crisis settlement. The offer is structured as preliminary and non-binding, and is subject to the ongoing investigations between the parties.

The perimeter of the hypothesised transaction envisages an overall intervention on the group, with the possible acquisition of substantially all the company's assets by a consortium led by Oxy Capital, against the assumption of the restructured financial liabilities. The transaction, in the intentions of the proponents, would allow a complete restructuring of the debt and the definition of a unitary solution for the group.

In terms of timing, the process outlined by the consortium envisages the aim of formulatinga binding offer in the first half of June, which would be followed by the submission of the restructuring proposal to creditors and subsequent approval by October 2026, with completion of the transaction by the end of the financial year.

Overall, the dossier looks like a multi-layered path combining judicial instruments, the search for new finance and potential market transactions, in a framework where the final perimeter of the group could be significantly redefined at the end of the restructuring process.

On the managerial structure front, meanwhile. the group has also launched a significant reorganisation of the finance function in recent months. In particular, Aeffe announced the resignation of chief financial officer Rocco Bennici, effective 9 June 2026. Bennici, who also held the role of chief financial officer and investor relator, left the position to undertake a new professional experience. The departure has led to the activation of internal procedures to identify a successor and the temporary redistribution of powers in administration, finance and control.

In this context, the board also approved a change in the structure of the investor relations functions, with the appointment of Simone Badioli as group investor relator. The decision aims to strengthen the internal control over financial communication in a phase characterised by particular operational and negotiation complexity. At the same time, Marco Piazzi took on the role of manager in charge of preparing corporate accounting documents.

All in all, the change at the top of the financial management is in addition to the other governance interventions already underway, contributing to outlining a framework of progressive redefinition of the group's managerial structure, in line with the requirements of the financial and industrial stabilisation process underway.