Savo-Solar Plc
Company Announcement                               12 July 2016 at 3:30 p.m. (CEST)

Resolutions of the Extraordinary General Meeting of Savo-Solar

The Extraordinary General Meeting of Savo-Solar Plc was held today on 12 July 2016 in Helsinki, Finland. A total of 13 shareholders participated in the meeting, representing 2,570,790 shares, i.e. approximately 16.2% of all shares and votes of the company.

The Extraordinary General Meeting resolved, according to the proposal of the Board of Directors, to authorize the Board of Directors to decide on issuing new shares through a rights offering whereby the shareholders have the right to subscribe for the new shares in proportion to their current shareholdings in the company. The company has published its plan regarding contemplated rights offering on 21 June 2016.

The aggregate number of new shares issued on the basis of the authorization may not exceed 12,000,000 shares, corresponding to approximately 75.4 % of all the existing shares in the company. The issuance of shares will be carried out in accordance with the shareholders’ pre-emptive rights, i.e. the new shares will be offered primarily to the shareholders for subscription in proportion to the shareholders’ existing holdings. The Board of Directors decides on all other terms and conditions of the issuance of shares.

The authorization is in force until 31 December 2016. The authorization will not replace the authorization given to the Board of Directors to decide on issuance of shares, options and other special rights in the Annual General Meeting held on 19 April 2016.

SAVO-SOLAR PLC
Board of Directors

Savo-Solar Plc. discloses the information provided herein pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication on 12 July 2016 at 5 p.m. CEST.

For more information:

Savo-Solar Plc.
Managing Director Jari Varjotie
Phone: +358 400 419 734
E-mail: jari.varjotie@savosolar.fi

Savo-Solar in brief
Savo-Solar with its highly efficient collectors and large-scale solar thermal systems has taken solar thermal technology to the next level. The company’s collectors are equipped with the patented nano-coated direct flow absorbers, and with this leading technology, Savo-Solar helps its customers to produce competitive clean energy. Savo-Solar’s vision is to be the first-choice supplier to high performance solar installations on a global scale. Focus is on large-scale applications like district heating, industrial process heating and real estate systems – market segments with a big potential for rapid growth. The company primarily delivers complete systems from design to installation, using the best local partners. Savo-Solar is known as the most innovative company in the business, and aims to stay as such. The company has sold and delivered its products to 17 countries on four continents. Savo-Solar’s shares are listed on Nasdaq First North Sweden with the ticker SAVOS and on Nasdaq First North Finland with the ticker SAVOH. www.savosolar.fi.

The Company’s Certified Adviser is Mangold Fondkommission AB, tel.: +46 8 5030 1550.