Savo-Solar: Largest owner, CEO, CFO and Chairman of the Board subscribe for shares with their warrants 1-2017


Savo-Solar Plc
Company Announcement                  27 November 2017 at 8.30 a.m. (CET)

Savo-Solar: Largest owner, CEO, CFO and Chairman of the Board subscribe for shares with their warrants 1-2017

The largest owner of the company, Fredrik Lundgren (privately and through Lusam Invest AB) subscribes for 3,400,999 shares for 204,059.94 EUR in Savo-Solar Plc, with warrants 1-2017 issued in connection with the rights issue carried out in June 2017. The Chairman of the Board, Feodor Aminoff, subscribes for 60,101 shares for 3,606.06 EUR, CEO Jari Varjotie subscribes for 19 444 shares for 1,166.64 EUR and CFO Nalle Stenman subscribes for 9,677 shares for 580.62 EUR with the same warrants. Head of Production, Mr Aku Järvisalo, also purchases 6,700 shares.

The share subscription period based on the warrants ends on 1 December 2017.

For more information:

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

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 27 November 2017 at 8.30 a.m. (CET).

About Savo-Solar

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 7 3154 5232.

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