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EAM Solar ASA (EAM.OL)

EAM.OL on Oslo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

EAM Solar: rights issue oversubscribed by about 108 pct
Monday, 28 Aug 2017 10:53am EDT 

Aug 28 (Reuters) - EAM SOLAR ASA ::REG-EAM SOLAR ASA : PRELIMINARY RESULTS OF RIGHTS ISSUE.PRELIMINARY COUNTING INDICATES THAT COMPANY HAS RECEIVED SUBSCRIPTIONS FOR APPROXIMATELY 2,604,740 OFFER SHARES AT END OF SUBSCRIPTION PERIOD.RIGHTS ISSUE HAS CONSEQUENTLY BEEN OVERSUBSCRIBED BY APPROXIMATELY 108 PER CENT.  Full Article

EAM Solar Q2 EBITDA EUR 424,000
Tuesday, 15 Aug 2017 01:00am EDT 

Aug 15 (Reuters) - EAM SOLAR ASA :‍ADJUSTED FOR LEGAL COSTS NORMAL OPERATIONS YIELDED AN EBITDA OF EUR 1.2 MILLION IN FIRST HALF 2017​.Q2 EBITDA EUR 424,000 MILLION VERSUS EUR 169,000 YEAR AGO.Q2 REVENUE EUR 1.4 ‍​ MILLION VERSUS EUR 1.9 MILLION YEAR AGO.  Full Article

EAM Solar announces litigation funding agreement with Therium
Monday, 26 Jun 2017 11:03am EDT 

June 26 (Reuters) - Eam Solar Asa :EAM Solar: litigation funding agreement with therium.EAM Solar - Therium has decided to invest in the company's litigation claim against Aveleos, its directors, Enovos and Avelar.  Full Article

EAM Solar: Conservative seizure of assets granted to EAM
Thursday, 8 Jun 2017 01:00am EDT 

June 8 (Reuters) - EAM SOLAR ASA ::REG-EAM SOLAR ASA :CONSERVATIVE SEIZURE OF ASSETS GRANTED TO EAM.COURT OF MILAN HAS ORDERED CONSERVATIVE SEIZURE, IN FAVOUR OF EAM SOLAR ASA AND EAM SOLAR ITALY HOLDING S.R.L., ON ALL ASSETS CONNECTED TO MARCO GIORGI AND IGOR AKHMEROV.EAM SOLAR ASA - CONSERVATIVE SEIZURE, IN FAVOUR OF EAM SOLAR ASA AND EAM SOLAR ITALY HOLDING S.R.L., ON ALL ASSETS CONNECTED TO MARCO GIORGI AND IGOR AKHMEROV, UP TO TOTAL AMOUNT OF EURO 33.062.632,62.  Full Article

EAM Solar Q1 EBITDA swings to profit EUR 42,000
Tuesday, 23 May 2017 01:00am EDT 

May 23 (Reuters) - EAM SOLAR ASA ::EBITDA IN 1ST QUARTER CAME IN AT EUR 42K, ADJUSTED FOR LEGAL COSTS EBITDA FROM SPVS IN NORMAL OPERATIONS WAS EUR 423K IN QUARTER.POWER PRODUCTION IN 1ST QUARTER WAS 2.6 GWH.Q1 REVENUE EUR 0.8 MILLION VERSUS EUR 0.9 MILLION YEAR AGO.Q1 EBITDA PROFIT EUR 42,000 VERSUS LOSS EUR 581,000 YEAR AGO.EAM WILL PAY NO DIVIDEND IN CONJUNCTION WITH THE 1ST QUARTER 2017.  Full Article

EAM Solar Q4 EBITDA loss narrows to EUR 99,000
Wednesday, 15 Feb 2017 01:00am EST 

EAM Solar ASA : Q4 revenue 692,000 euros ($732,205.20) versus 9.8 million euros year ago .Q4 EBITDA loss 99,000 euros versus loss 24.3 million euros year ago.  Full Article

EAM Solar updates on P31 acquisition legal status
Friday, 23 Sep 2016 12:00pm EDT 

EAM Solar ASA : Gives legal status update on P31 acquisition . Says has six separate legal proceedings in progress or recently finalised, and between two and four further civil and criminal legal processes underway to be formally initiated . Says that as for proceeding in Criminal Court of Milan, in court ruling issued Sept. 13, the court judged that Aveleos SA is merely alter ego of Enovos Luxembourg SA and Avelar Energy Ltd and as such Enovos and Avelar are financially liable parties; next session is on Nov. 2, and in total eight trial sessions has been scheduled between November 2016 and March 2017 . Says that on June 9 Administrative Court of Lazio issued ruling that gave support and legal verification of termination decision by GSE, thus making termination lawful fact; earlier EAM appealed GSE's termination decision . Says prosecutors office in Luxembourg currently handles criminal complaints filed by, among others, EAM Solar against Enovos Group and managing directors in Enovos . Says civil action in Luxembourg contains damages claims in excess of 215 million euros ($241 million) . Says on Sept. 20 Aveleos asked court of Luxembourg for postponement of proceeding wherein Aveleos summoned EAM in Luxembourg court with regards to standstill agreement between parties; postponement was granted until January 2017 . Says SPVs filed for voluntary liquidation and bankruptcy procedure with Bankruptcy Court of Milan on Sept. 22.  Full Article

EAM Solar Q2 EBITDA falls to EUR 169,000
Friday, 19 Aug 2016 01:37am EDT 

EAM Solar ASA : Reported on Thursday Q2 revenue of 1.9 million euros ($2.15 million), down from 4.2 million euros in Q2 2015 .Q2 EBITDA 169,000 euros versus 3.1 million euros year ago.  Full Article

EAM Solar sells EAM Solar Italy 3 Srl for EUR 3.6 million
Wednesday, 22 Jun 2016 01:29am EDT 

EAM Solar ASA : Said on Tuesday it had sold EAM Solar Italy 3 Srl for 3.6 million euros ($4.05 million) .Said sale secures funding for extraordinary legal costs relating to legal proceedings following P31 fraud and for general corporate purposes.  Full Article

EAM Solar Q1 EBIT loss EUR 1.1 million
Tuesday, 24 May 2016 02:39am EDT 

EAM Solar ASA : Q1 revenue 919,000 euros ($1.03 million) versus 2.4 million euros year ago .Q1 EBIT loss 1.1 million euros versus loss 296,000 euros year ago.  Full Article

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