HIGHLIGHTS Q1 2020 EBITDA for the quarter was minusEUR 184 thousand . Normal operations, adjusted for legal costs resulted in an EBITDA of minusEUR 29 thousand for the quarter, equivalent to a negative adjusted EBITDA margin of 10 per cent. Cost of operations and SG&A wereEUR 46 thousand andEUR 280 thousand for the quarter. Legal costs wereEUR 155 thousand in the quarter.EAM Solar ASA has been informed by Energeia AS that the sale of the power plants Varmo and Codroipo has been executed and achieved financial close on30 April 2020 . Consequently, the sale of the power plants is fully consummated and the cash proceeds from the transaction has been received by Energeia AS. For further information, please contact: Viktor E Jakobsen, CEO, phone +47 9161 1009, viktor@eam.no AboutEAM Solar ASA :EAM Solar ASA is a utility company that acquires and operates solar power plants. The Company currently owns solar PV power plants inItaly . 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.
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