Brief: Eam Solar Provides Legal Status Update

Eam Solar AS

29/10/2020 09:34

Oct 29 (Reuters) - EAM Solar ASA  EAM.OL :
    * EAM SOLAR ASA: LEGAL STATUS UPDATE
    * MILAN OFFICE OF EAM SOLAR ASA'S ITALIAN SUBSIDIARIES, WERE
VISITED BY OFFICERS OF GUARDIA DI FINANZA
    * GUARDIA DI FINANZA  RETRIEVED DOCUMENTATION RELATED TO
COMPANIES
    * SEARCH AND SEIZURE ORDER ALSO IDENTIFIED ENERGIA
FOTOVOLTAICA 14
SRL, WHICH IS ALREADY PART OF ONGOING CRIMINAL PROCEEDINGS IN
MILAN
    * SEARCH AND SEIZURE ORDER ISSUED BY PROSECUTOR IDENTIFIED
79
INDIVIDUALS AS NAMES OF INTEREST TO PUBLIC PROSECUTOR.
    * VIKTOR ERIK JAKOBSEN, CEO OF EAM, HOLDS POSITION AS
MANAGING
DIRECTOR IN ABOVE-MENTIONED COMPANIES, AND IS NAMED AS ONE OF 79
INDIVIDUALS
    * NEW INVESTIGATION INCLUDES 17 OF REMAINING 31 SPV'S
CURRENTLY
OWNED BY AVELEOS SA.
    * APPEAL PROCEDURE IN CRIMINAL COURT OF APPEAL OF MILAN
COMMENCED
ON 9TH OF OCTOBER WITH A SUBSEQUENT COURT HEARING ON 22ND OF
OCTOBER.
    * TOGETHER WITH BAILIFF OF LUXEMBOURG CONDUCTED FORMAL
COLLECTION
PROCEDURES IN LUXEMBOURG
    * AVELEOS SA HAS DEFAULTED ON PAYMENT DEMAND FROM BAILIFF
    * WILL CONDUCT NECESSARY LEGAL STEPS TO ENFORCE PAYMENT OF
AWARD
GOING FORWARD.

Source text for Eikon:  ID:nObiVzQrQa 
Further company coverage:  EAM.OL 

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