algoWatt, GreenTech Solutions company listed on Borsa Italiana’s electronic stock exchange (MTA) following the press releases issued on 6 January and 31 March 2020, to which reference is made, announces that it has exercised its right to extend until 30 June, the final date for the closing of the sale of 100% of the shares in NewcoEnergy Srl to Buttol Srl, which operates in the high quality environmental services sector through a path of sustainable development.

The SPV NewcoEnergy Srl is the owner of the biodigestion and biomethane production plant under construction in Calimera (LE), of the area and the related building and environmental authorizations.

The extension, as provided for in the preliminary contract, was decided in consideration of the appraisal and due diligence activities still in progress, which were prolonged due to the COVID-19 crisis.