Today, on November 17, 2015, Savo-Solar Oy (the “Company”) published a press release with information that the Company plans to arrange a rights issue of approximately EUR 4.2 million with additional warrants. According to the press release, the offering is arranged in order to secure the Company’s short-term working capital needs. The current rules of First North state that a listed company can be given observation status if circumstance exists that results in material adverse uncertainty in respect of the company’s financial position.
With reference to what is stated above, NASDAQ OMX Stockholm AB has decided that the shares in Savo-Solar Oy (SAVOS, ISIN code FI4000123096, order book ID 108026) will be given observation status.
For further information about this exchange notice please contact Karin Ydén or Niklas Ramstedt telephone + 46 8 405 60 00.
