Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Oslo Bors  >  EAM Solar ASA    EAM   NO0010607781

EAM SOLAR ASA

(EAM)
  Report
Delayed Quote. Delayed Oslo Bors - 10/26 11:25:09 am
14.7 NOK   -2.97%
10/19EAM SOLAR : Financial calendar
PU
10/19EAM SOLAR : Financial calendar
AQ
08/25EAM SOLAR ASA : Legal status update
AQ
SummaryQuotesChartsNewsCalendarCompanyFinancials 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector news

EAM Solar ASA: Legal status update

share with twitter share with LinkedIn share with facebook
08/25/2020 | 09:52am EDT
25 August 2020 

On Monday, 24 August 2020 EAM received a notification that the Holiday Criminal
Section of the Milan Appeal Court had rejected Aveleos' request to suspend the
enforceability of the provisional EUR 5m award.

In its Judgement of 18 April 2019, filed on 14 October 2019, the Criminal Court
of Milan sentenced Igor Akhmerov, Marco Giorgi, and Aveleos to jointly pay a
provisional damage to EAM Solar Asa and EAM Solar Italy Holding Srl in the
amount of EUR 5 million.

On 27 July 2020 Aveleos filed a request to the Appeal Court to suspend the
enforceability of this provisional award. On 19 August 2020 the case was heard
before the Holiday Criminal Section of the Milan Appeal Court. The court
rejected Aveleos' application to suspend the enforceability of the provisional
damage award.

While the award itself is now enforceable, it remains a provisional award. The
award is capable of being overturned should the convicted individuals, Igor
Akhmerov and Marco Giorgi, succeed in their appeals against conviction. The
first hearing in this appeal proceeding will take place on 9 October 2020. 

A courtesy translation into English of the judgement is attached together with
the original judgement.


For further information, please contact:

Viktor E Jakobsen, CEO, phone +47 9161 1009, viktor@eam.no
 

About EAM Solar ASA: EAM Solar ASA is a utility company that acquires and
operates solar power plants. The Company currently owns solar PV power plants in
Italy. The plants are operating under long-term sales contracts. In addition,
the Company's business is lawsuits in relation solar power plants.
 
 
This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

Click here for more information

© Oslo Bors ASA, source Oslo Stock Exchange


share with twitter share with LinkedIn share with facebook
All news about EAM SOLAR ASA
10/19EAM SOLAR : Financial calendar
PU
10/19EAM SOLAR : Financial calendar
AQ
08/25EAM SOLAR ASA : Legal status update
AQ
08/18EAM SOLAR ASA : Q2 2020 Financial Report presentation
PU
08/18EAM SOLAR ASA : Q2 2020 Financial Report
AQ
08/14EAM SOLAR ASA : Q2 2020 Financial Report presentation on 18 August 2020
AQ
05/19EAM SOLAR ASA : Q1 2020 Financial Report presentation
PU
05/19EAM SOLAR ASA : Q1 2020 Financial Report
AQ
05/18EAM SOLAR ASA : Minutes of Annual General Meeting 2020
AQ
05/14EAM SOLAR ASA : Q1 2020 Financial Report presentation on 19 May 2020
AQ
More news
Financials
Sales 2019 3,17 M 3,74 M 3,74 M
Net income 2019 -0,24 M -0,28 M -0,28 M
Net Debt 2019 4,72 M 5,58 M 5,58 M
P/E ratio 2019 -340x
Yield 2019 -
Capitalization 9,23 M 10,9 M 10,9 M
EV / Sales 2018 7,66x
EV / Sales 2019 4,05x
Nbr of Employees -
Free-Float 59,8%
Chart EAM SOLAR ASA
Duration : Period :
EAM Solar ASA Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends EAM SOLAR ASA
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Managers
NameTitle
Viktor Erik Jakobsen CEO, Head-Investor & Media Relations
Ragnhild Marta Wiborg Chairman
Pål Hvammen Independent Non-Executive Director
Stephan Lange Jervell Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
EAM SOLAR ASA29.49%11
CHINA YANGTZE POWER CO., LTD.3.32%63 701
EDP RENOVÁVEIS, S.A.52.19%16 686
HUANENG LANCANG RIVER HYDROPOWER INC.-3.08%11 064
NORTHLAND POWER INC.57.06%6 575
NEXTERA ENERGY PARTNERS, LP23.61%4 751