NATUZZI S.P.A. ADR/5 EO 1

The NYSE has suspended trading in Natuzzi’s American Depositary Shares and initiated a delisting proceeding because the average global market capitalization over 30 trading days fell below the required $15 million threshold. Natuzzi is reviewing the decision and considering legal remedies; the delisting would become effective ten days after filing Form 25 with the SEC if no successful appeal is made. The company stresses that the measures are not intended to affect its operations or strategic priorities and plans to maintain its ADS program for now; if delisted, the ADS would likely trade only on the OTC market. » More on de.investing.com

The New York Stock Exchange has suspended trading in Natuzzi’s American Depositary Shares with immediate effect because the company no longer meets the minimum requirement for average global market capitalization. The decision is based on Section 802.01B of the Listed Company Manual, which requires a minimum of $15 million over 30 trading days. Each ADS represents five common shares; Natuzzi can appeal the decision before the NYSE files for final delisting with the SEC. » More on de.investing.com

Natuzzi has entered into a binding agreement with a candidate for the position of chief executive officer. The appointment requires shareholder approval at the general meeting on 11 or 14 September 2026; the candidate’s identity is to be announced by the end of August 2026, subject to release from current professional obligations. According to the company, the candidate has more than 30 years of leadership experience, has held several CEO roles, and has experience in turnarounds and strategic realignments at multinational companies in Europe and the USA. » More on de.investing.com