Savosolar

44
MSEK

Company: Savosolar Plc

Transaction: Rights issue

Issue volume: 44.0 MSEK

Date: July 2017

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 and on Nasdaq First North Finland.

Augment Partners acted as financial advisor to the company in the rights issue with additional warrants carried out in July 2017.