Company Release 30 March 2015 at 1:45 pm (EET)
Savo-Solar Ltd's class A shares approved for trading on Nasdaq First North Sweden
NASDAQ OMX Stockholm AB has on 27 March 2015 approved Savo-Solar's application for listing of its class A shares on Nasdaq First North Sweden. The first day of trading is expected to be 2 April 2015, with the ticker SAVOS. The Board of Directors of Savo-Solar has on 27 March 2015 resolved to convert all the company's existing class B shares, amounting to a total of 1,917,880 shares, to class A shares.
In Savo-Solar's Initial Public Offering a total of 2,036,850 new class A shares were subscribed, and the subscriptions have been paid in full today. Deviating from the estimated schedule the new shares are expected to be registered with the Trade Register on Tuesday, 31 March 2015 and the new shares are expected to be delivered to the subscribers on Wednesday, 1 April 2015.
After the conversion and the registration of the new shares subscribed in the Initial Public Offering the company has only one class of shares and the number of shares is 5,295,810.
For more information:
Ingrid Ísthols, communication
Phone: +46 721 810 867
Managing Director Jari Varjotie
Phone: +358 400 419 734
Certified Adviser: Mangold Fondkommission AB
Phone: +46 (0) 8 5030 1550
Savo-Solar in brief
Savo-Solar provides solar thermal systems for heating of buildings, industrial processes and domestic hot water. Savo-Solar's systems are based on the verified world's most efficient 2 m2 collector utilising MPE-absorbers with several patents pending. The absorbers are coated with a highly selective optical nano-coating. Savo-Solar is, according to the available information, the only company able to coat ready-made, complete absorbers. Focus is on large scale industrial applications such as district heating, industrial process heating and energy renovations of large buildings. Since 2011 the company has sold and delivered its products in over 17 countries on four continents. www.savosolar.fi.