88 per cent of Savosolar’s warrants used for subscription and EUR 1.25 million directed issue resolved on

12 December 2019

Approximately 88.38 per cent of Savosolar Plc’s  warrants under warrant plan 1-2019 have been used for subscription of shares, raising EUR 2.27 million. Savosolar has additionally decided on a directed share issue of up to approximately EUR 1.25 million to a consortium of qualified investors.

Through this funding arrangement Savosolar improved its position in providing turn-key solutions for harvesting solar thermal in large scale for district heating and industrial process heating segments, by increasing its financial capacity to execute possible new projects, to be delivered in 2020 and onwards.

Augment acted as financial advisor in securing the warrants and in the directed issue.

Read full press release