Savo-Solar Plc
Company Announcement 5 October 2016 at 8.00 a.m. (CET)
The subscription period for Savo-Solar Plc’s Warrant Plan 2-2015 commences
Savo-Solar Plc (“Savo-Solar” or the “Company”) carried out a rights issue during the period between 27 November and 15 December 2015, where warrants were issued to the subscribers free of charge (the “Warrants”) (“Warrant Plan 2-2015”). The share subscription price based on the warrants in Swedish krona has been set to SEK 8.44.
The subscription price per share for stock option plan 2-2015 is EUR 0.88 or SEK 8.44. The subscription period for shares subscribed for on the basis of the Warrants shall be on 5-21 October 2016.
Those who wish to use their Warrants for subscribing for shares can be in contact with the issuer agents S-Pankki Oy (kotimaa@fim.com) in Finland or Mangold Fondkommission AB (emissioner@mangold.se) in Sweden.
It should be noted that Savo-Solar’s share is currently trading at a price substantially lower than the exercise price of the warrant, implying that it may not be advisable for the warrant holder to exercise the warrants to subscribe for shares, despite of the right to do so.
The terms and conditions of the Warrants can be found at www.savosolar.fi/en/investor-relations and they are also attached to this release.
For more information:
Savo-Solar Plc
Managing Director Jari Varjotie
Phone: +358 400 419 734
E-mail: jari.varjotie@savosolar.fi
Encl.
Terms and conditions of the Warrants 2-2015
Savo-Solar 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 October 2016 at 8.00 a.m. (CET).
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 18 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, phone: +46 8 5030 1550.