Conversion of Loans Into Shares Pursuant to Financing Arrangement Between Valoe Corporation and Riverfort
02 December 2023 - 2:00AM
Conversion of Loans Into Shares Pursuant to Financing Arrangement
Between Valoe Corporation and Riverfort
Valoe Corporation
Stock Exchange
Release 1 December
2023 at 17.00 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 43,836.82 of the outstanding principal and
interest amount of the RiverFort financing arrangement into the
shares in the Company at conversion price of EUR 0.5703 per share.
The conversion shall be executed by transferring a total of 76,868
treasury shares to RiverFort.
After the above-mentioned transfer, Valoe will
have in total 29,590 treasury shares.
In Mikkeli 1 December 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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