Savosolar has agreed on 12-mth ext. for maturity date of capital loans with Finnvera and SSOP

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Savosolar Plc
Company Announcement            21 May 2018 at 9:00 (CEST)

Savosolar has agreed on a 12-month extension for the maturity date of capital loans with Finnvera Oyj and Suur-Savon Osuuspankki

Savosolar Plc has agreed on a 12-month extension for the maturity date of capital loans with its creditors Finnvera Oyj and Suur-Savon Osuuspankki. After the agreed extension, the capital loans in the total amount of EUR 1.431 million will mature on 31 December 2019 instead of 31 December 2018 which was the original maturity date of the loans.

“We are very happy to see our creditors support our growth plan in this promising market situation and we want to thank them for the trust they’ve shown in us this way,” says Managing Director Jari Varjotie.

For more information:

Savosolar Plc
Managing Director Jari Varjotie
Phone: +358 400 419 734
E-mail: jari.varjotie@savosolar.com

This company announcement contains information that Savosolar Plc is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication by aforementioned contact person on 21 May 2018 at 9:00 a.m. (CEST).

Savosolar in brief

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, phone: +46 8-505 65 172.

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