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Valoe Oyj Share Issue/Capital Change 2020
3349_dirs_2020-04-14_f167c461-3b5f-4392-a0c9-eb0a4d1d5f93.html
Share Issue/Capital Change
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Disclosure 382266
Valoe Oyj - Changes in company's own shares
INTERESTS OF THE SHORT-TERM LOAN BETWEEN VALOE CORPORATION AND WINANCE PAID BY CONVERTIBLE NOTES AND CONVERSION OF CONVERTIBLE NOTES
Valoe Corporation Stock Exchange Release 14 April 2020 at 18.05 Finnish time
The Board of Directors of Valoe Corporation (the "Company") has, pursuant to the terms and conditions of the short-term loan between Valoe Corporation and Winance announced on 6 February 2020, resolved to pay the interests totaling EUR 42,000 by converting the interests into convertible notes under the terms and conditions of the financing arrangement between Valoe Corporation and Winance announced on 20 December 2018. Further, the Board of Directors of the Company has resolved to approve the request of Winance to convert a proportion of EUR 42,000 of the convertible notes to the shares in the Company at a conversion price of EUR 0.03 per share. The conversion shall be executed by transferring a total of 1,400,000 treasury shares to Winance. After the transfer mentioned above, the Company will have in total 5.930.616 treasury shares.
In Mikkeli 14 April 2020
Valoe Corporation
Board of Directors
For more information:
Iikka Savisalo, President and CEO, Valoe Corporation
Tel. +358 40 521 6082
email: [email protected]
Distribution:
NASDAQ OMX, Helsinki
Main media
Valoe Corporation specializes in the clean energy, especially in photovoltaic solutions. Valoe provides automated production technology for solar modules based on the company’s own technology; production lines for modules; solar modules and special components for solar modules. Valoe's head office is located in Mikkeli, Finland.