Company Announcement 14 March 2019 at 5:15 p.m. (CET)
Savosolar has drawn up a supplement to the prospectus
As announced on 14 March 2019 the auditors’ report includes a comment regarding material uncertainty related to going concern and there are differences to the financial statement release published on 20 February 2019. Savosolar’s audited financial statements and auditor’s report for the financial period ended 31 December 2018 have also been incorporated to the prospectus by reference.
The Finnish Financial Supervisory Authority has today on 14 March 2019 approved the supplement which is attached in full to this release.
Cancellation of subscriptions
Investors who have subscribed for Offer Shares before the publication of this supplement to the Prospectus may choose to cancel their subscriptions. The cancellation right must be exercised within a cancellation period of two (2) Finnish banking days from the publication of this supplement to the Prospectus, i.e., no later than on 18 March 2019 at 18:00 Finnish time (17:00 Swedish time).
Cancellations must be filed with the office with which the subscription was placed. However, subscriptions placed on the website of Mangold Fondkommission AB cannot be cancelled on the website but should be cancelled by contacting Mangold Fondkommission AB at email@example.com or by telephone +46 (0)8-503 01 580.
Where an investor has cancelled their subscription, any subscription price already paid by that investor will be returned to the bank account of the investor given by the investor in connection with the subscription. The funds will be repaid within three (3) local banking days of the cancellation of the subscription. No interest will be paid on the amounts returned.
For more information:
Managing Director Jari Varjotie
Phone: +358 400 419 734
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.