Savo-Solar Plc has received a summons from Sunti SAS

Savo-Solar Plc                                    Company Announcement            26 March 2018 at 4:00 p.m. (CEST)Savo-Solar Plc has received a summons from Sunti SASSunti SAS, France has issued a summons to Savo-Solar Plc to attend the commercial court of justice in Montpellier due to...

London, 26/03/2018 (informazione.news - comunicati stampa - energia)

Savo-Solar Plc                                   
Company Announcement            26 March 2018 at 4:00 p.m. (CEST)

Sunti SAS, France has issued a summons to Savo-Solar Plc to attend the commercial court of justice in Montpellier due to an alleged breach of contract by Savo-Solar Plc. In the summons Sunti claims that Savo-Solar has acted against the exclusive rights clause in the contract between the two companies, which is related to an open tender for a solar collector field project in France. In its summons Sunti is claiming for a total compensation of approximately EUR 2.0 million based on the alleged breach of contract.

Savo-Solar considers Sunti's claim for compensation to be without just cause. The commercial court will handle the case on 22 June 2018.

SAVO-SOLAR PLC

Savo-Solar Plc
Managing Director Jari Varjotie
Phone: +358 400 419 734
E-mail: jari.varjotie@savosolar.com

This company announcement contains information that Savo-Solar Plc is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication by aforementioned contact person on 26 March 2018 at 4:00 p.m. (CEST).