Conversion of Loans Into Shares Pursuant to Financing Arrangement Between Valoe Corporation and Riverfort
03 November 2023 - 12:30AM
Conversion of Loans Into Shares Pursuant to Financing Arrangement
Between Valoe Corporation and Riverfort
Valoe Corporation
Stock Exchange
Release 2 November
2023 at 15.30 Finnish time
The Board of Directors of Valoe Corporation (the
"Company") has, pursuant to the terms and conditions of the
financing arrangement between Valoe Corporation and RiverFort
Global Opportunities Pcc Limited (“RiverFort”) announced on 30 July
2021, resolved to approve the request of RiverFort to convert a
proportion of EUR 30,000.00 of the outstanding principal and
interest amount of the RiverFort financing arrangement into the
shares in the Company at conversion price of EUR 1.235 per share.
The conversion shall be executed by transferring a total of 24,292
treasury shares to RiverFort.
After the above-mentioned transfer, Valoe will
have in total 220,203 treasury shares.
In Mikkeli 2 November 2023
Valoe Corporation
Board of Directors
For more information:
Iikka Savisalo, President and CEO, Valoe Corporation Tel. +358
40 521 6082email: iikka.savisalo@valoe.com
Distribution:NASDAQ OMX, Helsinki Main media www.valoe.com
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.
Valoe (TG:7RT)
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