Company Announcement 20 February 2019 at 2:10 p.m. (CET)
Savosolar has agreed on amendments to the terms and conditions of its capital loans
Savosolar Plc has agreed on amendments to the terms and conditions of its capital loans of approximately EUR 1.2 million with Suur-Savon Osuuspankki. Repayment schedule of the capital loans was amended so that the loans will be paid back in monthly instalments during 24 months beginning on April 2019. Before the amendment, maturity date of the capital loans was 31 December 2019. As a result of the amendment to repayment schedule, fixed annual interest of the capital loans increased form three (3) percent to four (4) percent.
For more information:
Managing Director Jari Varjotie
Phone: +358 400 419 734
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 20 February 2019 at 2:10 p.m. (CET).
Savosolar 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, Savosolar helps its customers to produce competitive clean energy. Savosolar’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. Savosolar 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. Savosolar’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.com.
The company’s Certified Adviser is Augment Partners AB, firstname.lastname@example.org, phone: +46 8-505 65 172.