Brief: Savosolar To Decide On Directed Share Issue Of New Shares

Summa Defence Oyj

25/11/2022 10:02

Nov 25 (Reuters) - 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.

Source text for Eikon:  ID:nGNEQpbdh 
Further company coverage:  SAVOH.HE 
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