Valoe Corporation Stock Exchange Release 1 September 2020 at 14.00 Finnish time
The Board of Directors of Valoe Corporation (the "Company") has, pursuant to the terms and conditions of the financing arrangement (“Financing arrangement”) between Valoe Corporation and Winance announced on 22 April 2020, resolved to approve the request of Winance to convert the EUR 63,000 convertible notes portion of the commitment fee to the shares in the Company at conversion price of EUR 0.04 per share.
Further, the Board of Directors of the Company resolved to approve under the Financing arrangement the request of Winance to convert a proportion of EUR 85,000 of the convertible notes to the shares in the Company at conversion price of EUR 0.04 per share.
The conversions shall be executed by transferring a total of 3,700,000 treasury shares to Winance. After the transfer, the Company will have in total 40,616 treasury shares.
In Mikkeli 1 September 2020
Board of Directors
For more information:
Iikka Savisalo, President and CEO, Valoe Corporation
Tel. +358 40 521 6082
NASDAQ OMX, Helsinki
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.