EAM Solar (EAM)

[TekBot]

Update Legal Proceedings – February 2025

1. Criminal Court Milan

On 11 October 2024, EAM submitted an appeal to the Supreme Court of Cassation asking it to once again set aside the judgement from the appeal court received on 4 July 2024. The grounds for this appeal can be read in previous stock exchange notices.
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EAM has been informed that the Supreme Court of Cassation has now fixed the hearing date for 18 March 2025. It is expected, but not guaranteed, that the court will deliver its judgement on the same day.

2. UBI Banca Case in Brescia
   In the Stock Exchange Notice dated 8 January 2025, EAM informed of the negative decision in the court proceedings against UBI Banca, now a part of Intesa SanPaolo. The company informed that it would appeal the judgement within 30 days. This was based on the expectation that UBI would serve the judgement on EAM, triggering a 30-day timeline for appeal.

As of today, UBI has not enforced the judgement. This is likely because the parties have begun preliminary talks about finding an alternative solution to the dispute. EAM cannot comment any further on this process at this time.

In any event, the absolute deadline for an appeal is 6 months from the date of the judgement. In this matter, such deadline would be 4 July 2025.

3. Arbitration Appeal
   On 5 February 2025, the first hearing took place in the appeal of the arbitration award received February 2024. The court has given primary dates for the process and provisionally scheduled the final hearing for 11 March 2026. EAM is informed that there is a possibility, but no guarantee, that this date can be moved forward in time.

For further information, please contact:

Viktor E Jakobsen, Chair, phone +47 9161 1009, viktor@eam.no
Erik Brandon Reisenfeld, CEO, phone +479055 3658, erik@eam.no

About EAM Solar AS: EAM Solar AS 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. In addition, the Company’s business is connected to lawsuits in relation acquisition of solar power plants.

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

Kilde

[Kaizers]

Wow, for et volum. 1/3 del av alle aksjer i selskapet er omsatt.

1 kr kan komme fort

[Kaizers]

1/2 av alle aksjer omsatt.

[Kaizers]

EAM Solar is cheap!

At full compensation, the share price should be 16.34 NOK

Claim: 2.500.000.000 NOK ÷ 153.000.000 shares = 16,34 NOK per share!

“Dermed bortfalt subsidiene, og EAM Solar krevde erstatning på 2,5 milliarder.”

Read it all here:

EAM Solar anker beslutning

[Hoven]

Ingen som vet om anken fører fram til ett positivt resultat. I motsatt fall konker selskapet.

[Kaizers]

Den som lever for de. De kjøpt noe for 2,1 milliarder i 2014. Må være verdt noe, i verste fall.

[TekBot]

Shareholding disclosure - Nordnet AB (publ)

On February 13, 2025, Nordnet AB (publ), through its subsidiary Nordnet Livsforsikring AS, net bought 4,123,909 shares in EAM Solar (ISIN NO0010607781).

After these transactions, Nordnet AB (publ), through its subsidiaries, held a total of 11,069,853 shares in the company on a consolidated basis, representing 7.24% of the outstanding shares and votes in the company.
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The ownership distribution among Nordnet AB (publ) subsidiaries is as follows:
Nordnet Pensionsförsäkring AB: 0.70%
Nordnet Livsforsikring AS: 6.54%
Nordnet AB (publ) does not exercise voting rights for these shares.

This disclosure is made in accordance with sections 4-2 and 4-3 of the Norwegian Securities Trading Act and is subject to the disclosure requirement pursuant to section 5-12 of the same Act.

Kilde

[Kaizers]

Grei oppsummering fra en på annet forum

Motparten kan nok raskt få kalde føtter her nå når saken er tilbake i høyesterett. Slik jeg tolker meldingen i dag kan et forlik fort bli løsningen, EAM har åpenbart en god sak nå uten tvil. Høringen er allerede innen en måned og avgjørelse ventet kort tid etter. Enighet om oppgjør/forlik kan komme som lyn fra klar himmel også før høringen. Dette er mildt sagt spennende, potensialet i denne nå etter meldingen i dag er enorm. Organisasjonsendring med ny daglig leder og flaggmelding nå kl 17:04 om at NL kjøpte ytterligere over 4mill aksjer i dag- Ja, en hver og enkelt får vurdere hvilket signaler dette er. Husk at et forlik på feks. halve kravet tilsvarer en aksjekurs på rundt 8kr grovt estimert. Det er totalt 152 994 784 aksjer i selskapet, og bare i dag ble det omsatt [98 839 033](tel:98 839 033) aksjer. Blir ikke overrasket om denne knekker over 2kr nå kortsiktig før den endelige avgjørelsen foreligger. Åpningskursen i morgen vil nok bli en god indikator på ferden videre, det ble ingen slutthandel i dag siden den gikk i auksjon allerede 16:10 og bare her var det over 11mill aksjer på kjøp/salg siden. Dette ble plutselig et unikt case med en potensiell enorm oppside på kort sikt, er nok mange som ønsker en plass her før helgen og videre utover neste uke. Tvi tvi!

[aght]

@Kaizers

Motparten kan nok raskt få kalde føtter her nå når saken er tilbake i høyesterett. Slik jeg tolker meldingen i dag kan et forlik fort bli løsningen, EAM har åpenbart en god sak nå uten tvil.

Det er ikke noe i gårsdagens melding som gir noen indikasjon på hvilken vei rettssaken vil gå; bortsett fra ren optimismen hva er det peker på “eam har åpenbart en god sak” ?

Regner med skribenten også postet noen dype juridiske argumenter som de tidligere instansene ikke hadde tatt hensyn til

[Kaizers]

Her kan motpart hamstre aksjer og så gi bud på hele EAM.

Jeg er sikker på at vi ser 1 kr innen uker her.

[aght]

Så “planen” er at de kjøper eam, tar det av børs og avslutter aken

Syntes de pt på aksjonærer listene ? ( har ikke sjekket) eller skal de dukke opp fra intet

[Kaizers]

I dag er det omsatt 154 millioner aksjer av de 151 millioner dem er i selskapet.

Mye er trading. Kjøp i går blir synlig på mandag. Kjøp i dag på tirsdag.

[TekBot]

OSLO BØRS - STATUS COMPANIES PLACED IN RECOVERY BOX AND PENALTY BENCH

Currently the following companies are placed in Recovery Box:

Barramundi Group Ltd (since 09.09.2024)
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Alternus Energy Plc (since 19.11.2024)
Nordic Financials ASA (since 29.11.2024)
Seacrest Petroleo Bermuda Limited (since 13.01.2025)
Zwipe AS (since 29.01.2025)

Recovery Box is a special compartment where Oslo Børs can place securities where the Issuer is subject to circumstances that make pricing of the securities particularly uncertain. Recovery Box is regulated in section 2.10.2 of Oslo Rule Book II (Oslo Børs and Euronext Expand) and section 3.8.2 of Euronext Growth Oslo Rule Book Part II. The relevant security will remain in the Recovery Box until the circumstances for the allocation to the Recovery Box are no longer present.

Currently the following companies are placed in Penalty Bench:

Solis Bond Company DAC (since 02.05.2024)
Alternus Energy Plc (since 03.06.2024)
Barramundi Group Ltd. (since 03.06.2024)
EAM Solar AS (since 06.09.2024)

Penalty Bench is a special compartment where the securities of Issuers that fail to comply with the Rules are placed.

Penalty Bench is regulated in section 2.10.3 of Oslo Rule Book II (Oslo Børs and Euronext Expand) and section 3.8.3 of Euronext Growth Oslo Rule Book Part II. Oslo Børs will remove a security from the Penalty Bench and allocate the security to the normal compartment when the issuer has corrected the violation of the Rules that was the reason for allocating the security to the Penalty Bench.

Kilde

[Kaizers]

Nå starter rykk 2 mot 1 kr pr. aksje.

[Magnus1]

Fin avslutning i går., og noen pennende uker har vi foran oss. Nå tørr jeg ikke trade mer og sitter stille i båten.
Noen som har noen tanker rundt hva et evt forlik vil innebære? Det vil vel uansett ta kursen nordover?
Det kan vel komme når som helst som noen nevnte over her…

[Kaizers]

Vekter meg kraftig ned i dag.
Tør ikke sitte til 14 / 18 mars.
Fornøyd med 500% opp.

Lykke til videre.

[Magnus1]

– Aksjene kan mangedoble seg eller selskapet kan gå konkurs

[Magnus1]

Eller champagne og glede
tape litt eller vinne stort. i’m in!

[TekBot]

OSLO BØRS - STATUS COMPANIES PLACED IN RECOVERY BOX AND PENALTY BENCH

Currently the following companies are placed in Recovery Box:

Barramundi Group Ltd (since 09.09.2024)
…

Vis børsmeldingen

Alternus Energy Plc (since 19.11.2024)
Nordic Financials ASA (since 29.11.2024)
Seacrest Petroleo Bermuda Limited (since 13.01.2025)

Recovery Box is a special compartment where Oslo Børs can place securities where the Issuer is subject to circumstances that make pricing of the securities particularly uncertain. Recovery Box is regulated in section 2.10.2 of Oslo Rule Book II (Oslo Børs and Euronext Expand) and section 3.8.2 of Euronext Growth Oslo Rule Book Part II. The relevant security will remain in the Recovery Box until the circumstances for the allocation to the Recovery Box are no longer present.

Currently the following companies are placed in Penalty Bench:

Solis Bond Company DAC (since 02.05.2024)
Alternus Energy Plc (since 03.06.2024)
Barramundi Group Ltd. (since 03.06.2024)
EAM Solar AS (since 06.09.2024)

Penalty Bench is a special compartment where the securities of Issuers that fail to comply with the Rules are placed.

Penalty Bench is regulated in section 2.10.3 of Oslo Rule Book II (Oslo Børs and Euronext Expand) and section 3.8.3 of Euronext Growth Oslo Rule Book Part II. Oslo Børs will remove a security from the Penalty Bench and allocate the security to the normal compartment when the issuer has corrected the violation of the Rules that was the reason for allocating the security to the Penalty Bench.

Kilde

[Tony1]

You mean that the course will be volatile before 18th and may be even a couple of days after?