Italeaf

• Dividend of Euro 0.08 per share will be paid next 30 June 2015
• Stefano Neri (Chairman) and Monica Federici re-elected as board member, Nicola Romito elected as new director

The annual general meeting of Italeaf SpA holding company and first Italian company builder active in cleantech and smart innovation sectors, listed on on NASDAQ OMX First North,  was held on 30 April 2015 at the company’s headquarter in Narni (TR).

Resolutions

The meeting resolved in favor of all proposed matters in accordance with the proposals described in the notice to the meeting. The most important resolutions are described below.

• A dividend of Euro 0.08 per share will be paid next 30 June 2015. The record date for payment will be 23 June 2015 (record date).
• The meeting has approved the Annual report 2014 and the consolidated financial statements as at 31 December 2014 were adopted.
• The Annual General Meeting resolved that three members be elected to the Board of Directors. Stefano Neri and Monica Federici were re-elected as members of the board. Nicola Romito, manager with many years of experience in the asset management sector especially in MPS Group, the third Italian Banking Group, up to hold the position of Vice General Director, was elected as a new member of the board. Stefano Neri was re-elected as chairman of the board. The Chairman expressed thanks on behalf of the outgoing Director, Cav. Ivano Emili , for his efforts over the years on the Board of Directors of the Company.
• The Annual General Meeting resolved that the members of the Board of Directors be paid overall Euro 6,000 per year.
• The Annual General Meeting resolved that three members be elected to the Board of Statutory Auditors. Vittorio Pellegrini and Paolo Sebastiani were re-elected as members of the board. Andrea Bellucci was elected as a new member of the Board of Statutory Auditors. Vittorio Pellegrini was re-elected as chairman of the board.
• The Annual General Meeting resolved that the members of the Board of Statutory Auditors be paid overall Euro 10,500 per year, Euro 4,500 to the Chairman and Euro 3,000 to each member.
• The Annual General Meeting resolved the integration of the auditor’s fees to PricewaterhouseCoopers SpA of an amount of Euro 35,000 for the years 2014 to 2016 and then for a total remuneration of Euro 50,000.

Press Release_ASMs-2015-04-30

Acquired from La Mercantile Srl the 85% of the share capital of New Gas Trade Srl

• New Gas Trade operates across the board in the natural gas and liquefied natural gas (LNG) market, as part of an integrated strategy on energy commodities
• Amount due of the transaction equal to Euro 150 thousand
• The only other shareholder is Intermonte SIM Holding, a company regulated MiFID
• Thanks to the integration with the sales network of Free Energia, active in the energy management field, the Group will achieve more than 25 thousand customers with a dual fuel offer

TerniEnergia, smart energy company active in the fields of renewable energy, energy efficiency, waste and energy management, listed on the Star segment of the Italian Stock Exchange and part of Italeaf Group, has signed an agreement with La Mercantile Srl La Spezia for the acquisition of the 85% of the share capital of New Gas Trade Srl (NGT), Italian player of the natural gas and liquefied natural gas (LNG) market, as part of an integrated strategy on energy commodities. The sales price of the shares has been agreed between the parties to Euro 150 thousand and the payment by TerniEnergia is paid in cash.

The only other shareholder of NGT is Intermonte SIM Holding, a company regulated MiFID. As part of the company, Intermonte Holding SIM offers consulting and operational activities relating to financial instruments linked to the management and trading of gas & power sector, for third parties and on their own.

Through the acquisition of NGT, TerniEnergia enters in the market of natural gas and liquefied natural gas, following the target of promoting the external growth of the Groupo through acquisitions, as presented  to the market last February 9, in the Industrial Plan “Fast on the road smart energy.

Mr Stefano Neri, Chairman and CEo of TerniEnergia, stated:

“Through the acquisition of 85% of NGT, TerniEnergia wants to seize the goal of completing the offer for energy management, ensured by Free Energia, through the market access of dual fuel offer for industrial customers. This transaction enables an effective business tool for the customer loyalty (mostly cross-selling gas on the basis of customer energy) and will represent, at the same time, a development tool for new customers. In particular, TerniEnergia intends to leverage the ability to reach a customer base of over 25 thousand industrial player, including direct and indirect customers, increasing the supply of energy products and guaranteeing a real saving on the “cost component”, also thanks to the energy efficiency offer by the Group. Through the partnership with Intermonte Holding SIM, within the corporate structure, we are confident to amplify the services with high added value in the supply system. In particular, we are going to integrate the opportunities offered by our shareholder partner in the desk management dedicated to financial instruments related to the gas & power sector, corresponding with the purchase characteristics of the main segments served”.

New Gas Trade Srl operates as a wholesaler in the natural gas sector, the fossil fuel with the highest growth prospects. NGT is aimed to provide the access to the best market conditions, with a wide-ranging and taylor made approach, creating a high added value for its customers. The company offers a range of services and activities in order to develop client’s business and achieve a competitive advantage providing the best market conditions and creating a high added value. NGT has specific skills and proven track record in the energy sector, focused on the natural gas and liquefied natural gas (LNG) market.

New Gas Trade is “shipper” of Snam Rete Gas and has access to the Italian PSV (Punto di Scambio Virtuale) and has a range of different activities: import, purchase & sales, exchange and “trading” of natural gas and LNG. Our goal is to provide to the Clients the best market conditions and create a high added value. Moreover, NGT offers an integrated consultancy in order to develop Client’s business and achieve a competitive advantage. In particular, NGT assistance companies to implement LNG regasification plants and import of LNG cargoes, helping Clients with contractual support, logistics activities, and the direct access to the Italian infrastructures.

Natural gas is the most high-grown fossil fuel. Nowadays, natural gas ranks third in worldwide consumption; since the Seventies up to the date, gas consumption has tripled. Out of the all the gas consumption, 20% is utilized by industrial segment, less than 40% is required by electric power generation plants, and more than 40% is supplied to residential customers (civil use). In the Italian natural gas market the competition is getting higher and main different players are developing their business at a national and international level.

TerniEnergia, a company incorporated in September of 2005 and part of Italeaf Group, is the first Italian smart energy company and operates in renewable energy, energy efficiency, energy and waste management. TerniEnergia operates as system integrator, with a turn-key offer of industrial sized photovoltaic plants, on behalf of third parties and on its own, for the Power Generation business, also through joint venture companies with leading national players. TerniEnergia operates in the waste management sector, recovery of the material and energy, development and production of technologies. In particular, the Company is active in the recovery of tires out of use, in the treatment of biodegradable waste through the implementation of biodigesters, management of plant for the biological depuration; decommissioning of industrial plants, recovery of demolition metals and cleaning of industrial sites; development and production of technological apparatus. Through Free Energia, the Group is active in the energy management, energy sales to energy intensive customers, software and services for energy management, administrative, financial and credit management. TerniEnergia, through Lucos Alternative Energies, operates in the development of energy efficient plants both through EPC scheme and FTT scheme (Financing Through Third Parties), pursuing the objectives of increasing energy production from renewable sources, of energy saving and reduction of emissions as set forth by environmental European policy. TerniEnergia is listed on STAR segment of Borsa Italiana S.p.A..

Press Release_TE-2015-04-23

ITALEAF Annual Report 2014: a year with a solid growth

 Trading with Italeaf shares at NASDAQ OMX First North Stockholm started on September 4, 2014.

Highlights during the second half

 Net asset value amounted to Euro 36.3 million (Euro 2.34 per share) on December 31, 2014.

 The most significant events in subsidiaries after the listing:

 The Shareholders’ Meeting of TerniEnergia approved the capital increase with exclusion of the option rights for the purpose of the acquisition of Free Energia SpA.

 The shareholders’ meeting of Skyrobotic approved a capital increase in kind of Euro 0,97 million.

 TerniEnergia sold 50% of the shares of Energia Alternativa and Solter.

 The Board of Directors proposed a dividend of Euro 0.08 per share, corresponding to a total amount of approximately Euro 1.2 million.

Financial information

 Consolidated net profit for the year was Euro 5.5 million under in accordance with IFRS (Euro 2 million under Ita Gaap for the Italeaf parent company).

 Core Investments contributed Euro 33.9 million to net asset value during 2014, of which TerniEnergia (listed) Euro 29.37 million.

 Net revenues amounted to Euro 96.2 million in accordance with IFRS (Euro 3.3 million under Ita Gaap for the Italeaf parent company).

 Total NFP amounted to Euro 124,7 million in accordance with IFRS (Euro 12.6 million under Ita Gaap for the Italeaf parent company); Equity was 79.1 million in accordance with IFRS (Euro 28.8 million under Ita Gaap for the Italeaf parent company)

2014 was a very positive year for Italeaf, the first italian company builder, both in terms of financial performance, overall creating value for shareholders and the progress made on the start-ups subsidiaries aimed at starting the condition for additional growth in the years to come.

Commenting on the result, Chairman Mr. Stefano Neri says:

”Italeaf was born to imagine the future and to create new industrial players that, in the manufacturing and technology industrial sectors with greater value added, have the skills and the ability to generate value with their innovative challenges. The short term cycles of business and the expansion of the areas of competition, make it useful to identify and develop new business ventures often promoted by very skilled innovators, engineers, inventors who don’t have the same experience of business and financial management. Although 2014 was a year characterized by a negative macroeconomic environment, Italeaf has made significant progress in implementing

its project through new initiatives and investments. The year closed with a profit and allows the distribution of an interesting dividend. In the next month of May, Italeaf will present in Stockholm its new triennial business plan. In our strategic planning we want to clearly state our determination to continue to strengthen the Group’s growth, with a sense of ethics, in a sustainable way and to create value for shareholders.

Vision

We turn technological start-ups into successful global companies, through a “company builder” business model.

Business concept

Italeaf selects or creates new initiatives in clean-tech and innovative industrial sectors. We offer to technological start-ups and innovative companies an integrated approach that put together services, mentoring, expertise, instruments, and facilities, everything aimed to boost the industrialization of what was just an idea. We provide initial equity and corporate assistance to launch our start-ups, making them grow up to consistent businesses generating revenue and sharing profits, reducing risk.

Objective

The investment policy of the Company is to generate returns, in the form of both capital appreciation and income to shareholders, through investing in a portfolio of businesses. While not constricted geographically, given the background and experience of management, it is expected that the majority of capital invested will be in businesses operating in Europe, with a particular focus on Italy.

Investments outside Europe will be considered where the Board believes the opportunities are particularly attractive. The Company will look to invest in businesses with underlying themes of strategic market position and strong growth.

Build the net asset value

The net asset value amounted to Euro 36.3 million at year-end 2014.

Dividend policy

Our dividend policy is to distribute a large percentage of the dividends received from the subsidiaries, as well as to make a distribution from other net assets corresponding to a yield in line with the equity market”.

• The new share capital of Skyrobotic is now of Euro 2 million
• Italeaf rises to 70% of the company through the contribution in kind of industrial buildings with a total area of around 1,200 square meters, which will constitute the largest Italian center for the development and industrial production of drones
• Siralab Robotics conferred the business branch related to the design and production of the unmanned surface vessel “Trasibot”
• Scheduled a new Extraordinary Shaareholders’ Meeting in 2014 for a further capital increase in cash of Euro 0.5 million and the transformation of Skyrobotic in SpA (joint-stock company)

 The Extraordinary Shareholders’ Meeting of Skyrobotic, active in the development, design, industrial production and marketing of unmanned aircraft systems (UAS) in small and micro classes for civil and commercial use, part of the Italeaf group, has unanimously approved today a capital increase to be subscribed in kind for a total of EUR 0.97 million.

In particular, Italeaf S.p.A. subscribed the capital increase through the contribution of industrial buildings with a total area of around 1,200 square meters, for a value of Euro 0.87 million, which will constitute the largest Italian center for the development and industrial production of drones; while Siralab Robotics has transferred its business branch related to the research, design, development, engineering and construction of the robotic ship TrasiBot Unmanned Surface Vessel (USV) for a value of Euro 0.1 million.

Following the capital increase, the share capital of Skyrobotic is Euro 2 million with the following shareholders structure: Italeaf S.p.A. 70%, Siralab Robotics S.r.l. 30%.

The transactions will allow to put Skyrobotic in an optimal condition to grow in a consistent and fast way in the promising field of industrial production of unmanned aircraft systems for civil and commercial use, and to work with a product in the technological sector of the naval drones, already prototyped and tested.

By the year 2014 will be convened a new Extraordinary Shareholders’ Meeting to approve a further capital increase in cash for an amount of Euro 0.5 million and the transformation of Skyrobotic in S.p.A. (joint-stock company).

Skyrobotic Srl, with a share capital of 1.03 million Euros, is the Italian company leader in the field of unmanned aerial systems (UAS). Established in December 2013, and parte of the Italeaf group, is active in the development, manufacturing and marketing of drones in mini and micro classes for the civil and commercial use in the professional market. With a constant focus on innovation, the company intends to achieve the leadership in the field of unmanned aircraft, taking care of the whole industrial chain, from design to system integration, right through to production turnkey platform robust, practical and effective in the field of remote sensing proximity. Skyrobotic combines the know-how and decades of experience in the field of Siralab Robotics, a company with high technological content, and the track record, operational experience and financial capacity of Italeaf, group leader in the fields of cleantech and innovative industry listed on the First North segment of NASDAQ OMX in Stockholm Stock Exchange.

Press Release_SKY-2014-12-10

The Board of Directors approved the results as of September 30th, 2014. Net profit Euro 5,7 million (€ -0,1 million as at September 30, 2013)

• Revenues amounted to € 33,6 million (€ 3,2 million as at September 30, 2013)
• EBITDA amounted to € 15,1 million (€ 1,1 million as at September 30, 2013)
• EBIT increased to € 7,7 million (€ 0,6 million as at September 30, 2013)
• Ebitda Margin 45,2% (34,8% as at September 30, 2013)
• Net working capital amounted to € 35,6 million
• Shareholders’ Equity increased to € 62,3 million (€ 19,4 million as at September 30, 2013)
• NFP of € 174,1 million

 The board of directors of Italeaf, holding company and first Italian company builder active in cleantech and smart innovation sectors, listed on on NASDAQ OMX First North, has approved today the interim report as of September 30, 2014.

Financial highlights*

 *The data consolidated till September 30^st 2014 include the economic results of TerniEnergia Group, that, starting from the date of effectiveness for the division of Terni Research in Italeaf, it has entered into the perimeter of consolidation of the Italeaf Group.

The CEO of Italeaf, Ms Monica Federici, stated:

“In the third quarter we took strides forward in our main company builder development projects. In particular, we are ready to start the industrialization activity for Skyrobotic, active in the development and production of small and micro drones for civil and commercial use, and to improve the strategic guidelines for the international growth of Wisave, that has completed the prototyping of its smart device for the thermal control in the internet of things field. With the strategic repositioning of TerniEnergia Group, following the acquisition of Free Energia and the business development in the areas of energy management and the energy efficiency, Italeaf will benefit from the new market opportunities of the “smart energy company” in highly competitive fields.  We are confident that this strategic approach is appropriate to produce positive effects regardind the industrial and financial results in the current context, helping to consolidate the positive end of the year”.

The Financial Statements will be published on the Company’s website.

Press Release_INTERIMREPORT-2014-11-28

Andrea Falchetti – CEO Incube srl / Head of Investment Banking and Structured Finance SME Banca IMI

Federico Zacaglioni – Head of Corporate Communication Italeaf

Michele Feroli – Managing Director Skyrobotic

Luciano Tommasi – Project Manager Enel Lab

Franco Gaudenti – Managing Partner EnVent Independent Financial Advisor

ITALEAF:  TerniEnergia, Noteholders’ Meeting of the bonds “TerniEnergia Euro 25,000,000.00 Notes due 2019”

• The Noteholders’ Meeting expressed the approval to the share capital increase of TerniEnergia SpA, with the exclusion of option rights pursuant to Article 2441, paragraph 4, of the Italian Civil Code which is reserved to the shareholders of Free Energia SpA, through the issuance of new ordinary shares up to n. 6,637,168 to complete the acquisition of 100% of Free Energia, a company engaged in the trading and energy efficiency
• The General Meeting approved the amendments to the financial covenants provided pursuant to art. 8 (vii) of the Terms and Conditions of the Notes, to support the repositioning of the TerniEnergia Group’s business

TerniEnergia SpA, a company active in the fields of renewable energy, energy efficiency and waste management and part of the Italeaf Group, listed on the Star segment of Borsa Italiana, announces that on October 11, 2014 the Noteholders’ Meeting of the bonds “TerniEnergia Euro 25,000,000.00 Notes due”, for a total amount of 250 non-convertible bonds with a nominal value of Euro 100,000.00 each, issued by the Company with resolution dated January 27, 2014 – expressed the approval, in accordance with the Terms and Conditions of the Notes, to the the share capital increase with the exclusion of option rights pursuant to Article 2441, paragraph 4, of the Civil Code reserved to the shareholders of Free Energia SpA, through the issuance of new ordinary shares up to n. 6,637,168 of TerniEnergia shares, to refine, through a contribution in kind, the acquisition of 100% of Free Energia, a company active in the trading and energy efficiency, as extraordinary transaction whose value exceeds the 15% limit of the outstanding corporate capital of the Company.

The Noteholders’ Meeting approved the amendments to the financial covenants, required by the Company pursuant to article 8(vii) of the Terms and Conditions of the Notes, as follows:

– from 6 February 2016, in every semi-annual and annual balance sheet:

(i) Interest Coverage Ratio equal to or greater than 2.0X;

(ii) Net financial debt / EBITDA: equal to or less than 7.0X;

(iii) Net financial debt corporate / EBITDA : equal to or less than 4.0X;

– from 6 February 2017, in every semi-annual and annual balance sheet:

(i) Interest Coverage Ratio equal to or greater than 2.25X;

(ii) Net financial debt / EBITDA: equal to or less than 6.0X;

(iii) Net financial debt corporate / EBITDA : equal to or less than 3.50X;

– from 6 February 2018, in every semi-annual and annual balance sheet:

(i) Interest Coverage Ratio equal or greater than 2.50X;

(ii) Net financial debt / EBITDA: equal to or less than 5.0X;

(iii) Net financial debt corporate / EBITDA : equal to or less than 3.25X.

The amendments to the financial covenants to support the repositioning of the TerniEnergia Group’s business, through the acquisition of Free Energia SpA, aims to achieve the following objectives:

– The implementation of financial and operational synergies to plan a growth strategy, focused on developing business highly complementary to those of existing TerniEnergia;

– A significant increase and diversification of the Group’s turnover;

– The expansion of the scope of core activities, with the integration in the value-chain of services technologically innovative;

– the enhancement of the portfolio with a strong brand, which grew more than the market average, in a very competitive category;

– The development of strong cross-selling business opportunities in the fields of energy efficiency and energy sales;

– The maximization of economic returns associated with the integrated activities of production, management and sale of energy, thanks to the strong expansion of the sales network for services in energy savings;

– Entry into the promising market of the management and sale of services to certified vegetable oil burning power plants, a sector in which Free Energia aims to achieve a national leadership.

TerniEnergia, a company incorporated in September of 2005 and part of Italeaf Group, operates in renewable energy sector and is active in the photovoltaic field. TerniEnergia operates as system integrator, with a turn-key offer of industrial sized photovoltaic plants, on behalf of third parties and on its own, for the Power Generation business, also through joint venture companies with leading national players. TerniEnergia operates in the waste management sector, recovery of the material and energy, development and production of technologies. In particular, the Company is active in the recovery of tires out of use, in the treatment of biodegradable waste through the implementation of biodigesters, management of plant for the biological depuration; decommissioning of industrial plants, recovery of demolition metals and cleaning of industrial sites; development and production of technological apparatus.

TerniEnergia, through its controlled company Lucos Alternative Energies, operates in the development of energy efficient plants both through EPC scheme and FTT scheme (Financing Through Third Parties), pursuing the objectives of increasing energy production from renewable sources, of energy saving and reduction of emissions as set forth by environmental European policy.

TerniEnergia is listed on STAR segment of Borsa Italiana S.p.A.

Press Release_TE-2014-10-13

• Signed an agreement for the supply of multicopter SR-SF6 for the project “Belvedere in the City” of Telecom Italia and Expo 2015 Milan
• Through video footage edited by Fidogroup through the Skyrobotic drones will be possible to follow the progress of the construction site of the Universal Exhibition
• The strategic partnership with Fidogroup allowed to integrate into the Skyrobotic unmanned aircraft system the most advanced technologies of video capture with 4K standard
• Thanks to this application, Skyrobotic become the industrial reference for the market of filming, broadcast and video streaming

Skyrobotic, active in the design, development and industrial production of unmanned aerial systems (drones) and part of Italeaf Group, and Fidogroup, a leader in the field of ICT services with a focus on technologies for communication and events, signed a agreement for the supply of multicopter SR-SF6 for the project “Belvedere in the City” of Telecom Italia and Expo 2015 Milan.

From September, anyone can follow the progress of the works on the construction site of the Universal Exhibition. Every week in Expo Gate, which will become the “panoramic viewpoint” on the exhibition site into Milan town, and on the web pages and social channels of Expo 2015, will be showed the videos captured by the Skyrobotic SR-SF6 drone in the construction sites area, thanks to the integration with the Fidogroup technologies of video capture.

The agreement was presented at the Triennale of Milan as part of the opening ceremony of the new multi-functional space TIM4Expo, which has the objective of promoting innovation and previews of services and solutions designed for the Universal Exhibition.

Michele Feroli, Managing Director of Skyrobotic, commented:

“The SR-SF6 drones used have six rotors in electric propulsion, high efficiency and are controlled by the last generation of autopilots developed by SkyRobotic, that is able to supply advanced automatic features in the video footage in real time. The SkyRobotic UAS has, among other things, a termination solution of the flight with redundant systems, the ability to define “No Fly Zone” and a whole host of features to ensure maximum safety of the flight in any operational scenario. The SR-SF6, in the specific configuration for the reliefs of Expo, is equipped with a system of payload stabilized and protected from the vibrations capable of accommodating cameras, especially cameras with 4K standard, infrared sensors and other systems for the detection of environmental characteristics. The system is capable of displaying video transmission to ground of the image taken by the camera on board to allow the correct composition of the shots. Thanks to a partnership with Fidogroup and Telecom Italia, we were have developed a strong integration between the 4G LTE standard for the communication of high speed data access, streaming video to ground and the core infrastructure of the drone. The effect you get is very spectacular and allows the development of solutions based on technologies Skyrobotic able to provide a high value-added applications in broadcast and film“.

Giovanni Cicu, CEO of Fidogroup, stated:

“With this transaction we confirm our leadership in next-generation services at support of the most important media events, institutional, financial, sports and communications, in Italy and in the World. For the “Belvedere project in the city”, we used a system of production to 4K video, which enables the production of video content with a resolution 4 times higher than standard Full HD, with the ability to build and deliver movies with infinite detail, quality and flexibility“.

For the realization of the video, Skyrobotic used a Panasonic LUMIX 4K camera that allows the best combination of the weight of the payload, image quality and performance of the unmanned aircraft system. The video capture activity was made in compliance with the relevant legislation, and the Italian Civil Aviation Authority regulations with the highest considerations for safety, reliability and risk mitigation.

The videos made with the Skyrobotic drones will be viewed within TIM4Expo, that is a space of 120 square meters which is a meeting point for all partners and that can also be used for exhibitions, cultural events, meetings on the topics of food, sustainability and excellence of Made in Italy. It is a technology showcase, a place of information and experimentation that will allow people to discover and share your entire digital eco-system of Expo Milano 2015 and to have an overview of the main innovative solutions that will be used in the future.

The President Stefano Neri: “A historic day for the Italian industry innovation. Our Company ‘active in cleantech and smart innovation opens up a new market for investors with high interest in social responsibility’.

Stockholm, September 4, 2014 – Italeaf, holding and first Italian company builder active in cleantech and smart innovation, announces today that were started trading on the MTF NASDAQ OMX First North Stock Exchange

Stockholm. In the opening action did a performance of + 2%.

“Italeaf ‘the first Italian company to land on the Swedish market – said the president Stefano Neri – a choice made for a number of reasons: the sensitivity of the Nordic investors for clean technologies, innovation and social responsibility, first and foremost. Our Company ‘opens a new promising market for that Italian industry who wants to compete on the global scene with an innovative vision. We are particularly pleased with the interest that Nasdaq OMX has had in our project and we hope to get, thanks to the support of this platform, an important contribution to the process of creating value for our shareholders. ”

The placement price and the First North was 2.5 euro per share.

The goal of Italeaf now is to continue to deliver value, widening the shareholder base and increasing the exploitation of a brand that is a candidate to be an attractive factor for new business and startups in the areas of high in innovation, technology and environmental fallout .

The intention of the Group, which controls in addition to TerniEnergia (company ‘listed on the STAR segment of the Italian Stock Exchange) also others startups like Greenled Industry (production of LED lamps for power), Skyrobotic (mini and micro drones in class for use in civil and commercial) and Wisave (internet of things for energy efficiency and thermal) is to propose a new business model that sinks, however, its roots in the technological capabilities of the Made in Italy, by hooking the megatrend of cleantech and the convergence between digital and manufacturing .

Yesterday a delegation of the management of the Company ‘, composed of the President Stefano, Managing Director Monica Federici, the board of directors Ivano Emili, CFO Philip Calisti and the responsible development and corporate communications Federico Zacaglioni, was received by the Italian in Sweden, SE Elena Basile, and she ‘congratulated for their success and for the process of internationalization that Italeaf is finalizing.

Italeaf published a Description Company which was approved by NASDAQ OMX and which is available on the Company’s website: http://www.italeaf.com/wp-content/uploads/2014/07/CompanyDescription-ItaleafSpA.pdf and on the site Internet Mangold: http://mangold.se/Mangoldonline/uploads/news/CompanyDescription-ItaleafSpA.pdf

Press Release_2014-09-04

Interview with Italeafs CEO Monica Federici

• In July 2014 Italeaf S.p.A.’s (“Italeaf” or the “Company”) carried out a private placement of MEUR 2 in order to broaden the shareholder base and therefore creating the necessary free float needed for listing on NASDAQ OMX First North (the “Offer”).
• The Offer was subscribed to approximately 55.5 percent, all paid in cash. Italeaf was provided with approximately MEUR 1.1 before issue costs and got 71 new shareholders.
• A total of 444,000 shares were issued under the Offer, at a subscription price of EUR 2.5 per share.

Italeaf carried out a private placement in July 2014 (the “Offer”). The Offer was subscribed to approximately 55.5 percent, all paid in cash. A total of 444,000 shares were issued under the Offer. Italeaf was provided with approximately MEUR 1.1 before issue costs.

The Offer was made in order to broaden the shareholder base and therefore creating the necessary free float needed for listing on NASDAQ OMX First North. With 71 new shareholders the Offer was a success.

The number of shares in Italeaf increased by 444,000. The share capital increased by EUR 444,000. After the Offer the total number of shares amounts to 15,444,000. After the Offer Italeaf’s share capital amounts to EUR 15,444,000.

The company description has been updated with this information and is available on Italeaf’s website http://www.italeaf.com/wp-content/uploads/2014/07/CompanyDescription-ItaleafSpA.pdf and on Mangold’s website, http://mangold.se/Mangoldonline/uploads/news/CompanyDescription-ItaleafSpA.pdf.

Press Release_Issue Result 2014-09-03