Savo-Solar’s rights issue oversubscribed

6 July 2018

Savo-Solar’s right issue of approximately MEUR 4.3 has been subscribed to 113 per cent. Furthermore, the company has decided on two directed issues as well as on a new stock option plan for the management.

Jari Varjotie, Managing Director of Savo-Solar: “It is great to see that investors have continued interest in the utilization of the clean solar energy. We at Savo-Solar are very happy with the positive response to the rights issue and I would like to thank all present and new shareholders who participated in the issue. The proceeds of the issue enable us to continue the implementation of our growth strategy. The business outlook is good and recent successes among others in France prove that our solutions are competitive. We will continue our determined work for reaching our targets for growth and profitability.” 

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