43.82% of the Warrants in Savosolar’s Warrant Plan 3-2021 were Used for Shares Subscription
Source: www.gulfoilandgas.com 4/5/2023, Location: Europe
The subscription period based on Savosolar’s warrant plan 3-2021 ended on 31 March 2023. Based on the warrants, 16,966,266 new shares were subscribed for and the Company receives approximately EUR 0.92 million in proceeds before transaction costs. Approximately 43.82 per cent of the warrants were used for subscription of shares. The dilution for current shareholders amounts to approximately 2.12 per cent.
The shares subscribed for based on warrant plan 3-2021 are expected to be registered with the Finnish Trade Register approximately on 11 April 2023. Trading in the new shares is expected to commence approximately on 12 April 2023 on First North Growth Market Finland and on 14 April 2023 on First North Growth Market Sweden.
The warrants which were not exercised have lost their value and will be removed from the securities’ accounts of the warrant holders.
