MILANO ( – Axélero’s Board of Directors resolved to verify with consultants of the company the feasibility of a business continuity plan and, pending the audit, authorised the filing of an agreed upon appeal with reservation. It also revoked the 2017 draft budget approved on October 2nd, keeping in reservation the approval of a new draft budget for the outcome of the on-going verification, or the possible confirmation and re-approval of the revoked draft. These decisions were taken in consideration of the uncertainty around the business continuity, due to the occurrence, in October, of unexpected events, including the notification of executive acts that led to the unavailability of liquid resources required for the ordinary operation of the company, making the feasibility of the road to recovery in bonis no longer possible. Three deeds of foreclosure for € 247,062.22 were served.