Initial Public Offering

During February and March 2015 Savo-Solar arranged an Initial Public Offering, in which a total of 2,036,850 new class A shares were subscribed and the company received 737 new shareholders.

After the offering the total number of shares in the company amounted to 5,295,810. The subscription price per share subscribed for in the Initial Public Offering was EUR 2.00 (SEK 18.28). Savo-Solar recorded issue proceeds of approximately EUR 4.0 million (before transaction costs) to the unrestricted equity fund. Of the total issue proceeds approximately EUR 1.2 million were paid by means of set-off.

The new class A shares subscribed for in the offering were registered with the Trade Register on 25 March 2015 and trading with the shares commenced on Nasdaq First North Sweden on 2 April 2015. Savo-Solar also applied for secondary listing of class A shares on Nasdaq First North Finland and the trading was started in Helsinki on 24 April 2015. During the listing the company’s Class B shares were converted into Class A shares at the ratio of 1: 1.

Prospectus (Initial Public Offering 2015) (English, with Swedish summary)

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