Savosolar To Decide On Directed Share Issue Of New Shares

25 Nov 202210.02 UTC

Savosolar Oyj (SAVOH.HE):

EGM RESOLVED TO AUTHORIZE BOARD OF DIRECTORS TO DECIDE ON A DIRECTED SHARE ISSUE OF COMPANY'S NEW SHARES
DIRECTED SHARE ISSUE RELATES TO SHARE EXCHANGE WHERE COMPANY ACQUIRES ALL SHARES IN MERIAURA LTD
MERIAURA LTD IN TURN OWNS ALL SHARES IN BIOLAITE LTD (NAME CHANGE TO VG-ECOFUEL LTD PENDING).
MAY ISSUE IN DIRECTED SHARE ISSUE A MAXIMUM OF 547,906,581 NEW SHARES OF COMPANY TO VG-SHIPPING
NEW SHARES TO BE ISSUED REPRESENT APPROXIMATELY 70.0 PER CENT OF COMPANY'S ALL SHARES AFTER EXECUTION OF SHARE EXCHANGE.