Savola begins trading in priority rights, subscription for new shares starts today

Savola Group (SAVOLA) announced the commencement of the trading period for priority rights and subscription for new shares on Thursday, August 29, 2024. The subscription period will run until September 5, 2024.

Holders of priority rights are entitled to subscribe to the new shares, either in whole or in part, within the limits of their rights as detailed in their portfolios. Trading and subscription details are provided in the issuance prospectus for both registered shareholders and new investors.

Any unsubscribed shares after the subscription period will be offered to institutional investors as outlined in the prospectus. Additionally, underwriters mentioned in the prospectus will subscribe to any remaining shares.

Savola urged investors who do not wish to subscribe to sell their rights during the trading period to avoid potential losses in their investment portfolios by not exercising their rights through sale or subscription.