Correction to release: Savo-Solar distributes incentive options to personnel

Savo-Solar Plc
Company Announcement                  18 September 2017 at 9.30 a.m. (CEST)

Correction to release: Savo-Solar distributes incentive options to personnel

In the English company announcement released today at 7.30 (CEST) the subscription price was incorrect. The correct subscription price is EUR 0.12 and not EUR 0.05 as given in the announcement. The Finnish version of the release has the correct figure.

The chapter shall read as follows:

“The subscription period for the shares to be subscribed against the options is staggered being with option rights 2-2017A from 1 January 2018 to 31 December 2019, with 2-2017B from 1 July 2018 to 31 December 2019, with 2-2017C from 1 January 2019 to 31 December 2019 and with 2-2017D from 1 July 2019 to 31 December 2019. The subscription price is the volume weighted average share price in First North Finland during the time from 1 June 2017 to 31 August 2017, i.e. EUR 0.12.”


For more information:

Savo-Solar Plc
Managing Director Jari Varjotie
Phone: +358 400 419 734

This company announcement contains information that Savo-Solar Plc is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication by aforementioned contact person on 18 September 2017 at 9.30 a.m. (CEST).

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.

The company’s Certified Adviser is Augment Partners AB, phone: +46 8-505 65 172.