The Board of Directors of algoWatt, GreenTech Solutions company listed on Borsa Italiana’s electronic stock exchange (MTA) met today, resolved to postpone the approval of the draft financial statements and consolidated financial statements as at 31/12/2019 to a date to be determined at a later Board meeting.

The decision was taken in order to obtain a complete information framework in the light of the events after the end of the 2019 financial year and, in particular, of the evolution of the epidemiological emergency in progress, also taking into account the ESMA recommendation of 11 March 2020 on market disclosure on the impacts of COVID-19 by listed issuers, recent government measures to support businesses and the Richiamo di Attenzione n. 6/20 issued by Consob on 9 April 2020, also concerning the feasibility of industrial planning and the impact on impairment tests.