Savosolar Plc: Meriaura Ltd has obtained consents from its financiers for execution of the share exchange

Savosolar Plc
Company Announcement, Insider information                    3 November 2022 at 2.45 p.m. (CET)

Meriaura Ltd has obtained consents from its financiers for execution of the share exchange

Savosolar Plc published on 29 August 2022 that it has signed a conditional share exchange agreement with VG-Shipping Ltd to acquire marine logistics company Meriaura Ltd and the business of VG EcoFuel Ltd, producer and marketer of biofuels. Savosolar’s current shareholders will own 30% and VG-Shipping 70% of the new corporate entity.

Execution of the transaction has required written consents to the change in Meriaura’s ownership from Meriaura’s financiers (Nordea, Finnvera, Varma). Meriaura has today obtained the last needed consent from its financiers.

Savosolar Plc will today summon Extraordinary General Meeting, in the agenda of which there are the General Meeting resolutions required for execution of the share exchange.

SAVOSOLAR PLC

For more information:

Savosolar Plc
Managing Director Jari Varjotie
Phone: +358 400 419 734
E-mail: [email protected]

Savosolar Plc discloses the information provided herein pursuant to the Market Abuse Regulation ((EU) No 596/2014, ”MAR”). The information was submitted for publication by the aforementioned person on 3 November 2022 at 2.45 p.m. (CET).

About Savosolar

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 almost 20 countries on four continents. Savosolar’s shares are listed on Nasdaq First North Growth Market Sweden with the ticker SAVOS and on Nasdaq First North Growth Market Finland with the ticker SAVOH. www.savosolar.com.

The company’s Certified Adviser is Augment Partners AB, [email protected], phone: +46 8-604 22 55.