16th of March 2016
Criminal proceedings in Milano
The preliminary stage of the criminal proceedings in Milano has come to an end. The Judge in the Criminal Court of Milan has ruled that all indicted will be committed to trial on all charges.
For the Company this means that the Judge has ruled that EAM is victim of a criminal contractual fraud and that Enovos and Avelar are financially liable for the damages incurred.
Please refer to the fourth quarter report 2015 and the stock exchange notice released on 23rd of February 2016 for further information.
For information, please contact:
Viktor E Jakobsen, CEO, phone +47 9161 1009, viktor@eam.no
About EAM Solar: EAM Solar 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.