Conversion of Convertible Notes Pursuant to Financing Arrangement Between Valoe Corporation and Winance. Conversion of Loans Into Shares Pursuant to Financing Arrangement Between Valoe Corporation and Riverfort
16 November 2023 - 12:45AM
Conversion of Convertible Notes Pursuant to Financing Arrangement
Between Valoe Corporation and Winance. Conversion of Loans Into
Shares Pursuant to Financing Arrangement Between Valoe Corporation
and Riverfort
Valoe Corporation
Stock Exchange
Release 15 November
2023 at 15.45 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 Winance
announced on 10 February 2023, resolved to approve the request of
Winance to convert a proportion of EUR 40,000 of the convertible
notes to the shares in the Company at conversion price of EUR 0.81
per share. The conversion shall be executed by transferring a total
of 49,382 treasury shares to Winance.
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 20,000 of the outstanding principal amount of the
RiverFort financing arrangement into the shares in the Company at
conversion price of EUR 0.8646 per share. The conversion shall be
executed by transferring a total of 23,132 treasury shares to
RiverFort.
After the above-mentioned transfers, Valoe will
have in total 106,458 treasury shares.
In Mikkeli 15 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.
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