28 October 2024, 17:32
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- Financial statements as of June 30, 2024 and allocation of the profit for the period approved
- Authorization to purchase and dispose of treasury shares approved
- Legal audit assignment for the 2025-2027 financial years awarded
Saluzzo (CN), 28 October 2024 – eVISO S.p.A. (simbolo: EVISO) – COMMOD-TECH company, listed on the EGM, with a proprietary artificial intelligence infrastructure that operates in the raw materials sector (electricity, gas, apples) – announces that the Ordinary Shareholders’ Meeting of eVISO S.p.A. (“eVISO” or the “Company”) met today, in first call.
APPROVAL OF THE FINANCIAL STATEMENT FOR THE YEAR ENDED JUNE 30, 2024
The Shareholders’ Meeting approved the financial statements for the year ended June 30, 2024.
In the financial year, eVISO recorded revenues of €224.3 million, in line with the period July 2022 – June 2023, despite a 57% reduction in the cost of energy compared to the previous financial year (the Single National Price dropped from €247/MWh in the period July 2022 – June 2023 to €106/MWh in the period July 2023 – June 2024). Gross margin stands at €18.0 million, up over 2.6X compared to €6.8 million recorded in the period July 2022 – June 2023 and EBITDA is €11.0 million, fivefold compared to €2.0 million in the previous year. Net result is €4.9 million, compared to a negative net result of €1.2 million in the previous year. Furthermore, in this financial year the Company generated €2.6 million in cash, with a Net Financial Position (cash) of €11.5 million, compared to €8.9 million (cash) at 30 June 2023.
ALLOCATION OF PROFIT FOR THE PERIOD
The Shareholders’ Meeting of eVISO S.p.A. resolved to allocate the profit for the financial year, equal to € 4,883,771.00, as follows:
- €271 to the legal reserve, so as to reach the limit required by art. 2430 of the Civil Code;
- a dividend of €0.045 for each share entitled to receive the dividend, which currently corresponds to a total amount of approximately €1,100,000;
- the remainder, currently amounting to approximately €3,783,500, to the Extraordinary Reserve[1]
AUTHORIZATION TO PURCHASE AND DISPOSAL TREASURY SHARES
The Shareholders’ Meeting of eVISO S.p.A. has granted the Board of Directors authorisation for the purchase and disposal of its own shares, following the revocation of the previous authorisation decided by the Shareholders’ Meeting on 27 October 2023.
In particular, the purchase of treasury shares may be made in a maximum number of ordinary shares of eVISO S.p.A. that leads the Company, where the right to purchase is exercised in full, to hold a portion not exceeding 10% of the share capital of the Company.
It should be noted that the Company, based on the data available as of 25 October 2024, holds no. 967,991 treasury shares representing 3.93% of the Share Capital.
The authorization for the purchase was requested for the maximum duration permitted by art. 2357, paragraph 2, of the Civil Code and, therefore, for a period of 18 months from the date of authorization by the Shareholders’ Meeting, following revocation of the previous authorization resolution adopted, for the part that remained unexecuted.
The purchase and disposal of own shares is based on the opportunity to provide the Company with an effective tool that allows it to:
- have own shares to be allocated to service any future incentive plans for members of the administrative body, employees or collaborators of the that imply the disposal or assignment of shares or financial instruments convertible into shares;
- have a securities portfolio (so-called securities warehouse) to be used, consistently with the strategic lines of the Company, to service any extraordinary transactions and/or the possible use of shares as consideration in extraordinary transactions, including exchange of shareholdings, with other parties in the context of transactions of interest to the Company;
- pursue an efficient use of the liquidity generated by the characteristic activity of the Company also through medium and long-term investment in own shares.
Purchases must be made in compliance with the price limits indicated by the legislation, including regulatory, in force at the time:
- at a price that does not deviate in decrease or increase by more than 20% compared to the reference price recorded by the security in the stock exchange session of the day preceding each individual transaction, and in any case
- at a price that is not higher than the highest price between the price of the last independent transaction and the price of the highest current independent purchase offer present on the trading venue where the purchase is made
ASSIGNMENT OF THE TASK TO THE AUDITING FIRM
The Shareholders’ Meeting resolved to assign the statutory auditing task to Ria Grant Thornton S.p.A. for the 2025-2027 financial years.
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Please be advised that the summary report of the votes containing the number of shares represented at the Meeting and the shares for which the vote was expressed, the percentage of capital that such shares represented, as well as the number of votes in favor and against the resolutions and the number of abstentions, and the minutes of the Ordinary Meeting, will be made available to the public in the manner and within the timeframes established by current legislation and will be available for consultation in the Governance section of the website https://www.eviso.ai/.
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This press release is available in the Investor Relations section of the website www.eviso.ai.
For the transmission of Regulated Information, the Company uses the EMARKET SDIR dissemination system available at www.emarketstorage.com, managed by Teleborsa S.r.l. – with headquarters Piazza di Priscilla, 4 – Rome – following the authorization and CONSOB resolutions n. 22517 and 22518 of 23 November 2022.
[1] Any change in the number of treasury shares in the Company’s portfolio at the time of distribution will not affect the amount of the dividend per share, but will increase or decrease the amount that will be set aside for the Extraordinary Reserve.