Valoe Corporation Stock Exchange Communicated on September 16, 2020 at 6.30 p.m. Finnish time
The Board of Directors of Valoe Corporation (the “Company”) has decided to subscribe a total of 23,500,000 new shares (“Subscribed Shares”) from the issue of shares to the Company itself without consideration resolved by the Company. August 27, 2020.
The subscription of shares is carried out in order to implement part of the financing and to strengthen the capital structure of the Company.
The new shares are of the same category as the other shares of the Company and give the right to the same shareholder rights as the old shares of the Company after their registration.
As part of the issue of shares with the issue of a maximum of 30,000,000 new shares resolved by the Company on August 27, 2020, a total of 3,740,000 shares have been previously subscribed.
After the registration of the Subscribed Shares in the commercial register, the total number of shares of the Company is 236,859,195 shares, of which 23,540,616 are held by the Company.
It is estimated that the subscribed Shares will be entered in the commercial register around September 24, 2020 and the Company will apply for admission of the subscribed Shares to public trading on the stock exchange list of Nasdaq Helsinki Ltd around October 9, 2020.
In Mikkeli, September 16, 2020
BOARD OF DIRECTORS
For more information:
CEO Iikka Savisalo, Valoe Corporation
Phone. +358 405216082
email: [email protected]
Nasdaq Helsinki Oy
Valoe Corporation specializes in clean energy, particularly in photovoltaic solutions. Valoe provides automated production technology for solar modules based on the company’s own technology; module production lines; solar modules and special components for solar modules. Valoe’s head office is located in Mikkeli, Finland.
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