Savo-Solar announces secondary listing of its shares on Nasdaq First North in Helsinki
April 24, 2015 - Nasdaq (Nasdaq: NDAQ) announced that trading in Savo-Solar Ltd shares (short name: SAVOH) commenced today on Nasdaq First North in Helsinki. The company belongs to the Oil & Gas sector. Savo-Solar’s shares have been listed on Nasdaq First North in Stockholm since April 2, 2015. Nasdaq First North is a Multilateral Trading Facility (MTF) aimed towards emerging growth companies and is operated by Nasdaq Nordic exchanges.
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 utilizing 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. For more information, please visit www.savosolar.fi .
"We are delighted that our company's share is now better available also for Finnish investors. The strong interest shown to our company has been a positive surprise to us and through the secondary listing in Helsinki we want to make investing in our company easier. This also increases the liquidity of our share and serves thereby both our present and future shareholders. Listing in Helsinki will also enhance our overall visibility in Finland. We wish our extended investor audience welcome to join our common journey for success - with the help of clean, renewable solar energy and Savo-Solar's high technology," says Jari Varjotie, Managing Director of Savo-Solar Ltd.
“We are excited to welcome Savo-Solar to Nasdaq First North where it will already be the third new company in Finland so far this year,” said Lauri Rosendahl, President of Nasdaq Helsinki. “A secondary listing will enhance the company’s visibility and access to new investors in particular in Finland. We are pleased to support Savo-Solar in all stages of their growth, and provide the platform they need to raise capital and to create shareholder value.”
Adam Kostyál, Senior Vice President and Head of listings at Nasdaq Nordic said: “We are pleased to see Savo-Solar to dual list its company shares on two Nasdaq First North markets as second company in the history of First North, and we hope other companies will follow their example. We are also excited to see continued strong progress with new listings on our Nordic market“.
Savo-Solar Oy has appointed Mangold Fondkommission AB as its Certified Adviser.
About Nasdaq First North
Nasdaq First North is regulated as a multilateral trading facility, operated by the different exchanges within Nasdaq Nordic. It does not have the legal status as an EU-regulated market. Companies at First North are subject to the rules of First North and not the legal requirements for admission to trading on a regulated market. The risk in such an investment may be higher than on the main market.
About Nasdaq
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