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Update of Corporate Events Calendar 2017

Posted on Jul 20, 2017

Pursuant to art. 2.6.2 of the Rules of Borsa Italian SpA, TerniEnergia, announces that: i. on June 1, 2017, the Board of TerniEnergia S.p.A. has conferred wide management powers to eng. Piero Manzoni. The newly elected CEO has the target to develop a new Industrial Plan aimed at enhancing the Group’s technological strengths; ii. on May 2, 2017, the Shareholders’ Meeting also assigned the mandate for the statutory audit of the consolidated and separate financial statements and for the consolidated half-yearly report of TerniEnergia SpA to the company EY SpA, for the years 2017 to 2025; iii. on July 7, 2017, the Board conferred a mandate to a Financial Primary Advisor to assist the Company in preparing the new Industrial Plan and to verify the possible ways for a financial strengthening. The definition of a new Industrial Plan entrusted to the new CEO eng. Manzoni is necessary to: pursue a strategic repositioning of the Group, focusing on the most value-added business opportunities in the field of smart services and solutions applied to the energy efficiency sector, both in the field of electricity and mobility applications and asset management and in the field of the intelligent system for the recovery of natural resources; analyze the possibility of signing partnership agreements with both industrial and financial...

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Transferred the 50% of Purify Srl to A.T.P. Srl

Posted on Jul 20, 2017

The agreement with Appalti Tecnologie Progettazione Ambienti & Costruzioni (A.T.P.) has foreseen the acquisition by the engineering company of 50% of the share capital of the SPV recently established by TerniEnergia, through the contribution of the business branch of the groundwater and liquid waste treatment The transaction has foreseen a consideration for the transfer of Euro 3,425 million, which will be settled in two tranches: by July 2017 for Euro 1.48 million and by July 2019 for Euro 1.94 million   TerniEnergia, a company listed on the Star segment of Borsa Italiana, has signed an agreement with Appalti Tecnologie Progettazione Ambienti & Costruzioni Srl (A.T.P.), based in Rome, for the transfer of 50% of the shares held by TerniEnergia in Purify Srl, owner of groundwater and liquid waste treatment plants. The transaction has foreseen a consideration for the transfer of Euro 3,425 million, which will be settled in two tranches: by July 2017 for Euro 1.48 million and by June 30, 2019 for Euro 1.94 million. The signed agreement provides for the pledge in favor of TerniEnergia on the shares of Purify Srl acquired by A.T.P., to guarantee the payment of the agreed price. The transfer of the SPV Purify’s shares was subject to a decision on the failure to subscribe to certain ancillary...

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Piero Manzoni appointed as CEO and General Manager

Posted on Jun 1, 2017

Giulio Gallazzi appointed as Vice-Chairman The Board of Directors implements the Stock Grant Plan 2017-2019 The Board of Directors of TerniEnergia, met today with Stefano Neri’s chairmanship, has appointed Chief Executive Officer and General Manager, giving him executive powers, eng. Piero Manzoni*, previously elected member of the Board of Directors of the Company by the Shareholders’ Meeting, held on May 2, 2017. The CEO is therefore responsible for the overall governance of the Company and of the Group with...

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