Agreements for the development of three photovoltaic vegetation – pv journal Worldwide

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Comal SpA (AIM: CML), a company operating in the field of plant construction for the generation of energy from solar sources, which specializes in the construction of photovoltaic systems with high performance according to the EPC-M and O&M formula, announced this on 23. December known For the construction of three photovoltaic systems in the areas of Viterbo, Pontinia and Latina, contracts and related orders were concluded.

February 9, 2021

The first agreement, valued at over 19 million euros, provides for the construction of a 75.5 MWp photovoltaic system near Viterbo, including the supply of trackers, and involves the use of technology designed and manufactured by Comal. The delivery times of the trackers are until April 15th and the system until August 1st, 2021. The customer is an important foreign investment fund in the field of green energy. The contract formula is Engineering, Procurement, Construction, Management (EPC-M). and operation and maintenance (O&M).

The second order, worth over 3 million euros, concerns the construction of two photovoltaic systems with 12 MWp, including the delivery of trackers in the province of Latina. The delivery times of the trackers are until May 15th and the system until the end of October 2021. In this case, the customer is also a foreign investment fund, and the contractual formula is EPC-M and O & M.

Alfredo Balletti, CEO of Comal, commented: “These two contracts are a reason for great satisfaction for us. They are the first after the recent listing on the stock exchange on December 16. In this context, we have informed the market that the main objective has been to continue the growth path seen in recent years. The development of the new photovoltaic parks to be built by 2021 confirms the interest of investors to believe in and support this type of technology, which is experiencing strong expansion in Italy and Europe and which could accelerate with the approval of the Restoration Fund which highlights the need to increase investment in alternative energies. “

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In addition, on January 25, 2021, in accordance with Article 17 of the AIM Italia Regulation, the Board of Directors of Comal SpA approved the dates for the main events of the 2021 financial calendar. Changes are communicated to the market immediately.

DATE EVENT
March 19, 2021 Board of Directors to approve the draft annual and consolidated financial statements as of December 31, 2020
April 20, 2021

1. Convocation

April 30, 2021

2. Convocation

Annual general meeting to approve the annual financial statements as of December 31, 2020
September 20, 2021 The Board of Directors for the approval of the half-yearly financial report as of June 30, 2021 has undergone a voluntary limited review.

The above financial calendar for 2021 is available on the company’s website in the section “Investors / Investor Relations / Information for Shareholders / Financial Calendar”. ***

Finally, it is recalled that Comal SpA announced on December 17th, 2020 that Borsa Italiana SpA had received the regulation on the admission of its common shares to trading on the AIM Italia market, managed and organized by Borsa Italiana SpA. The start of trading was planned for December 16, 2020.

The initial public offering, which was carried out entirely through a capital increase, raised funds with a total value of € 8 million by placing a total of 4 million newly issued ordinary shares at a price of € 2 each.

At the beginning of the negotiations on AIM Italia, Comal SpA’s share capital will be represented by a total of n. 11 million and 500,000 common shares with a free float of approx. 35% with an expected capitalization of € 23 million.

Guido Paolini, President of Comal, said: “Today is a historic day for the company. The admission to AIM Italia is the beginning of a development path that sees the company’s goals to become a leader in renewable energies in Italy and to consolidate its presence abroad. We have taken this route and believe that listing is the best way to gain visibility and support our growth projects and the positive outcome of the process confirms this. Finally, I would like to thank everyone who believed in our project from day one, Comal employees, investors and our consultants. “

In the listing, Comal is supported by Alantra as nominated advisor and global coordinator, by Ambromobiliare SpA as financial advisor, by Gianni & Origoni as legal advisor, by Mazars Italia SpA as auditing company and by A2B Group as advisor on non-accounting data and CDR Communication Srl as a management consultant for Investor & Media Relations.

The registration document and this press release are available at the company’s registered office and in the Investor Relations section on the website www.comalgroup.com. The company is also known to use the 1INFO-SDIR circuit managed by Computershare SpA to distribute and store regulated information.