Savosolar Plc
Company Announcement, Inside information 5 April 2023 at 11.30 a.m. (CEST)
Approximately 43.82 per cent of the warrants in Savosolar Plc’s warrant plan 3-2021 were used for subscription of shares
Approximately 43.82 per cent of Savosolar Plc’s (“Savosolar” or the “Company”) warrants under warrant plan 3-2021 have been used for subscription of shares, raising approximately EUR 0.92 million.
The subscription period based on Savosolar’s warrant plan 3-2021 ended on 31 March 2023. Based on the warrants, 16,966,266 new shares were subscribed for and the Company receives approximately EUR 0.92 million in proceeds before transaction costs. Approximately 43.82 per cent of the warrants were used for subscription of shares. The dilution for current shareholders amounts to approximately 2.12 per cent.
The shares subscribed for based on warrant plan 3-2021 are expected to be registered with the Finnish Trade Register approximately on 11 April 2023. Trading in the new shares is expected to commence approximately on 12 April 2023 on First North Growth Market Finland and on 14 April 2023 on First North Growth Market Sweden.
The warrants which were not exercised have lost their value and will be removed from the securities’ accounts of the warrant holders.
SAVOSOLAR PLC
For more information:
CEO Director Jari Varjotie
Phone: +358 400 419 734
E-mail: jari.varjotie@savosolar.com
Savosolar Plc discloses the information provided herein pursuant to the Market Abuse Regulation ((EU) No 596/2014, ”MAR”). The information was submitted for publication by the aforementioned person on 5 April 2023 at 11.30 a.m. (CEST).
Savosolar in brief
Savosolar has two business areas: Marine Logistics and Renewable Energy.
Marine Logistics (Meriaura Oy) is a major provider of transport for bulk cargo and demanding project deliveries in Northern Europe, especially in the Baltic Sea and North Sea regions. The company provides its customers with competitive and environmentally sustainable marine transport services, which also reduce carbon emissions from marine transport. Its long-term affreightment agreements, modern fleet and strong market position in renewable energy construction projects enable freight that supports environmentally friendly solutions. As part of Marine Logistics, VG-EcoFuel Oy produces recycled biofuels from bio-oils and recycled oils generated as industrial by-products.
The Renewable Energy (Savosolar Oyj) designs and delivers clean energy production systems as comprehensive deliveries. The systems are built around large-scale solar thermal systems implemented using high-performance solar heat collectors manufactured by the company. Other energy production and storage technologies can also be combined with the systems. The company has taken solar thermal technology to a new level, and its collectors have patented nano-coated direct flow absorbers. With this leading technology, Savosolar enables its customers to produce clean and competitive energy.
Savosolar’s shares are listed on Nasdaq First North Growth Market Sweden under the ticker symbol SAVOS and on Nasdaq First North Growth Market Finland under the ticker symbol SAVOH. www.savosolar.com.
The company’s Certified Adviser is Augment Partners AB, info@augment.se, tel. +46 8-604 22 55.
