Issue of Convertible Notes and Conversion of Convertible Notes Pursuant to Financing Arrangement Between Valoe Corporation and Winance
08 November 2023 - 12:55AM
Issue of Convertible Notes and Conversion of Convertible Notes
Pursuant to Financing Arrangement Between Valoe Corporation and
Winance
Valoe Corporation
Stock Exchange
Release 7 November
2023 at 15.55 Finnish time
Issue of Convertible Notes
Valoe Corporation (“Valoe” or “Company”) has,
pursuant to the terms and conditions of the financing arrangement
between Valoe and Winance announced on 10 February 2023 (“Financing
Arrangement”), paid Winance EUR 230,000 in convertible notes and
issued to Winance 230 convertible notes.
Conversion of Convertible Notes to
Shares
The Board of Directors of Valoe has, pursuant to
the terms and conditions of the Financing Arrangement, resolved to
approve the request of Winance to convert a proportion of EUR
20,000 of the convertible notes to the shares in the Company at
conversion price of EUR 1.00 per share. The conversion shall be
executed by transferring a total of 20.000 treasury shares to
Winance.
The Board of Directors of Valoe has also
resolved to approve the request of Winance to convert a proportion
of EUR 20,000 of the convertible notes to the shares in the Company
at conversion price of EUR 0.94 per share. The conversion shall be
executed by transferring a total of 21.231 treasury shares to
Winance.
After the transfers, the Company will have in
total 178,972 treasury shares.
In Mikkeli 7 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 PV
technology based on its own back contact technology and related
projects, project design and technology consulting. Valoe also
provides manufacturing technology for PV modules, module
manufacturing lines, modules and key components for modules, as
well as IBC solar cells manufactured at the Company’s factory in
Lithuania. Valoe is headquartered in Mikkeli, Finland, with
production facilities in Juva, Finland, and Vilnius, Lithuania.
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