Italeaf: review of the financial calendar and appointment of the Surveillance Body of TerniEnergia

PRESS RELEASE 22 MAY 2019

Italeaf: review of the financial calendar and appointment of the Surveillance Body of TerniEnergia

The Board of directors of TerniEnergia, a smart company listed on the Italian Stock Exchange's electronic share market (MTA) and part of the Italeaf Group, met today under the chairmanship of Stefano Neri resolved, in accordance with changes in Italian regulations, not to publish the interim report for the first and third quarters of each financial year, following the transition to the MTA of Borsa Italiana SpA, as communicated on 27 April 2018.

The legislative changes that came into force in Italy on 18 March 2016 incorporate the amendments to the Transparency Directive of the European Union and eliminate the obligation to report quarterly data to the market. The decision to follow these regulatory changes aligns the disclosure of the Group's financial results with that of other European issuers. The management of TerniEnergia believes that this decision will allow the Group to focus more on medium and long-term strategies and that the communication of economic and financial results on a half-yearly basis will better represent the evolution and situation of the business.

The Board of Directors also appointed, after consulting the Board of Statutory Auditors, the new Surveillance Body pursuant to Legislative Decree 231/01, in the persons of Mr. Francesco Migliorati, called to act as President and also head of Internal Audit of the Company, Dr. Aldo De Bellis and Prof. Francesco Vitelli as members, in place of the resigning members Mr. Emiliano Barcaroli and Mr. Roberto Piersantini. 

TERNIENERGIA (TER. MI), established in September 2005 and part of the Italeaf Group, is the first Italian global technological enabler, committed to bringing energy solutions and efficient recovery of integrated and sustainable resources to the world. Organized into two strategic business lines (Assets and Smart solutions and services), with about 300 employees and a geographical presence worldwide, with operative and commercial offices, TerniEnergia develops innovative solutions, products and services based on digital and industrial technologies for the energy supply chain, grids, smart mobility, industrial automation and the recovery of marginal resources.

TerniEnergia, also through its subsidiaries (Softeco Sismat, Greenled Industry, GreenAsm, GreenAsm, Purify, Wisave, Ant Energy), pursues the objectives of increasing energy production from renewable sources, saving energy and reducing emissions and actively participates in the energy revolution of distributed power generation and smart grids, with innovative digital solutions.

TerniEnergia is the ideal partner for large utilities, distribution operators and network operators, energy producers, public administrations, industrial customers and investors who intend to realize large projects for the production of renewable energy, modern systems and plants with high energy efficiency, solutions for the management and maintenance of infrastructure and electrical installations.

TerniEnergia has completed its transformation from a leader in the international photovoltaic market into a smart energy company and technological enabler for the sustainable use of resources through a complete commercial offer of solutions, the development and supply of digital technologies and the creation of "intelligent" services and solutions aimed at public and private customers in emerging sectors.

TerniEnergia is listed on the MTA of Borsa Italiana.

This press release is also available on the Company website:

Italeaf SpA is obliged to make public this information pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out below, at 10.00 CET on 22 May 2019.

Certified Adviser

Mangold Fondkommission AB, +46 (0)8 5030 1550, is the Certified Adviser of Italeaf SpA on Nasdaq First North.

For further information please contact: 

Claudio Borgna

CFO – Italeaf S.p.A.

Email:  

Italeaf SpA, established in December 2010, is a holding company and a business accelerator for companies and startups in the areas of innovation and cleantech. Italeaf operates as a company builder, promoting the creation and development of industrial startups in the fields of cleantech, smart energy and technological innovation. Italeaf has headquarters and plants in Italy at Nera Montoro (Narni), Terni, and at Milano.

The company controls the smart energy company TerniEnergia, listed on the MTA of the Italian Stock Exchange, Skyrobotic, active in the business development and manufacture of civil and commercial drones in mini and micro classes for the professional market, Numanova, operating in the field of innovative metallurgy and additive manufacturing, and Italeaf RE, a real estate company. Italeaf holds, among others, a minority stake in Vitruviano LAB, a research center active in the R&D sector for special materials, green chemistry, digital transformation and cleantech.

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