Du är här

2016-01-18

Italeaf S.p.A.: the Board of Directors reviewed the industrial results 2015

PRESS RELEASE 18 JANUARY 2016

ITALEAF: the Board of Directors reviewed the industrial results 2015

Hypothesis of dividend of Euro 0.088 per share, 10% higher than dividend of
2014

* Resignation of Nicola Romito, who will continue the relationship with the
Group through his company Capital Power
* Co-opted the new Director Marco Diamanti, with experience in the financial
sector
* Establishment of Numanova Srl, new startup industry in the field of
metallurgy and innovative manufacturing additive, with a share capital of
Euro 3,000,000

The board of directors ofItaleaf
, holding company and first Italian company builder active in cleantech and
smart innovation sectors, listed on on NASDAQ OMX First North, has reviewed
today its operating results as at 31 December 2015. In particular, the
industrial and operational results show a significant increase in all the
indicators, also higher than expected in the strategic development plan.
These results are attributable to:

* the increase of the business volume of TerniEnergia, main asset in the
portfolio of the holding;
* the increase of the business of the subsidiaries start-ups (Skyrobotic has
achieved the aircraft quality certification EN 9100 and has more than
doubled its turnover, while Wisave completed the development phase of the
product with the start of testing activities, it has been selected among
the best 10 cleantech startups Italian Unicredit StartLab and has launched
important contacts for the development in the Asia-Pacific area,
particularly in Hong Kong and China);
* the exit of Greenled Industries, one year ahead of schedule in the
strategic plan, with a view to creating value both economic as industrial
within the Group.

On the basis of the excellent industrial results examined, the Board has
evaluated to propose the distribution of a 2015 dividend 10% higher than
dividend of 2014, while not having yet visibility on the net profit, given
the uncertainty resulting from the value to attribute to certain
non-strategic minority investments, owned by the Group.

In particular, the Board has hypothesized the distribution of a gross dividend
of € 0.088 per share, confirming the objectives of the three-year strategic
development plan presented to the market on May 7, 2015.
The Board also took note of the resignation of Mr Nicola Romito from the Board
of Directors and Managing Director of Italeaf, for personal reasons. At the
time of his resignation Mr Nicola Romito owns no. 62,013 shares of the
Company.
Mr Nicola Romito will continue, however, in the collaboration with the Italeaf
group, assuming positions of planning, coordination and operational support
related to financial transactions in special projects, through his company
Power Capital, which he himself founded and chaired. These tasks, also
involving other Group companies, would be incompatible with the position held
in Italeaf.
The Board thus conferred a mandate as advisor on financial matters to Power
Capital.
The Chairman Stefano Neri, on behalf of the entire Board, expressed deep
gratitude to Mr Nicola Romito for his commitment and the work done and for
his valuable contribution to Italeaf in the consolidation and development
phase of its activity, following the listing on the Nasdaq First North market
of the Stockholm Stock Exchange.
Mr Nicola Romito
stated as follow:
"My decision to leave the positions in the Italeaf Group coincides with better
industrial results than the annual target, which can be considered fully
satisfactory in spite of the persistent economic difficulties. I am convinced
that the project will continue with success, but also that I can contribute
to greater effectiveness through different ways of collaboration supporting
the strategic plan of the Group, at this stage most effective".
Accepted the resignation of Mr Romito, in accordance with the regulation and
the Bylaws, the Board has co-opted as executive director Mr Marco Diamanti,
manager with many years of experience in asset management for international
banking groups, as Mediocredito, Servizi Immobiliari Banche, Goldman Sachs,
Capitalia e Unicredit.
The curriculum vitae of the newly appointed Director is publicly available on
the Company's website at www.italeaf.com (Section Corporate Governance /
Board of Directors).
The Board of Directors resolved, finally, to establish a new start-up that
will operate in the field of innovative metallurgy and additive
manufacturing, according to the strategies of "building company" of the
Italeaf's business model.
This newco, which will be called "Numanova Srl", will be originated by the
sharing of know-how and economic and financial resources between the
co-founder represented by Italeaf SpA and Mr Paolo Folgarait, physicist,
owner of several patents in the metallurgical sector, manager with experience
in the Lucchini Group, in Allied Group and in CSM, an italian materials
development centre. Numanova will be active in sectors with high growth
prospects and innovative concept of the metallurgical industry, with
considerable effects on the sustainability, the precision and the quality of
the production.
The Board resolved to delegate the executive director Monica Federici to
perform all the transaction required for the establishment of this newco,
which will have an initial share capital of Euro 3 million.
More information about industrial projects, activities and prospects of
development of Numanova will be subject to subsequent communications to the
market.

This press release is also available on the Company website:
www.italeaf.com.

Certified Adviser

Mangold Fondkommission AB is the Certified Adviser of Italeaf on NASDAQ OMX
First North.

For further information please contact:
Filippo Calisti
CFO - Italeaf S.p.A.
E-mail:calisti@italeaf.com

Mangold Fondkommission AB
Tel. +46 (0)8 5030 1550
info@mangold.se

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, Milano and Lecce; has international offices in
London and Hong Kong and a research and development centre in the Hong Kong
Science and Technology Park. The company controls TerniEnergia, listed on the
STAR segment of the Italian Stock Exchange and active in the fields of
renewable energy, energy efficiency and waste management, WiSave in the
"internet of things" field, for the development and production of thermostats
and smart technologies for the remote control of electrical and heating items
of buildings managed through a cloud infrastructure, and Skyrobotic, in the
business development and manufacture of civil and commercial drones in mini
and micro classes for the professional market, and Italeaf RE, a real estate
company.

PRESS RELEASE
http://hugin.info/162089/R/1979639/725161.pdf

---------------------------------------

This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Italeaf S.p.A. via Globenewswire

HUG#1979639

Författare WKR

Tala om vad ni tycker

Tala om vad ni tycker

Ni är just nu inne på en betaversion av nya aktiespararna. Lämna gärna feedback på vad ni tycker i formuläret nedan.