Kurs & Likviditet
Beskrivning
Land | Finland |
---|---|
Lista | Small Cap Helsinki |
Sektor | Industri |
Industri | Industriprodukter |
Valoe Corporation Stock Exchange Release 9 May 2019 at 13.35 Finnish time
CANCELLATION OF VALOE’S SHARES AND ISSUE OF NEW SHARES IN VALOE WITHOUT CONSIDERATION TO THE COMPANY ITSELF
Cancellation of Valoe’s Shares
In connection with the Finacing Agreement signed on 19 April 2017 between Valoe Corporation (the “Company”) and Bracknor Investment, Valoe has previously resolved on issuances of the Company’s shares to the Company itself without consideration. In accordance with the resolutions, the new shares may be used solely to the implementation of the financing arrangement. To the extent it is not necessary to issue new shares subscribed by the Company to Bracknor Investment, the Company shall annul the shares. The Financing Agreement between the Company and Bracknor Investment has expired on 19 October 2018. The Company still holds 314,367 shares issued for the Financing Agreement and subscribed by the Company.
The Board of Directors of the Company has resolved to annul the shares issued for the Financing Agreement and still held by the Company, totaling 314,367 shares. It is estimated that the cancellation of the shares will be registered in the trade register on 15 May 2019. After the cancellation of the shares, the total number of shares in the Company is 16,821,971.
Issue of New Shares in Valoe Corporation without Consideration to the Company Itself
The Board of Directors of Valoe has, on the basis of the financing arrangement between the Company and Winance approved on 19 December 2018, resolved on a share issuance of a total of 1,718,000 new shares to the Company itself without consideration and the Company has subscribed a total of 1,718,000 shares directed to it.
The share issue without consideration to the Company itself is conducted in order to implement part of the financing arrangement referred to above. The new shares may be used solely to the implementation of the financing arrangement so that the Company may issue the new shares held by it to Winance when Winance subscribes shares on the basis of the convertible loans and warranties granted to it under the said financing arrangement. To the extent it is not necessary to issue new shares subscribed by the Company to Winace, the Company shall annul the shares.
The new shares are of the same class as the Company’s other shares and entitle to the same shareholder rights as the Company’s old shares after their registration.
After the registration of the subscribed shares in the trade register (taking into account the cancellation of the shares referred to above), the total number of the shares in the Company is 18,539,971 shares of which 1,718,000 shares are held by the Company.
The subscribed shares are estimated to be registered in the trade register approximately on 15 May 2019 and the Company shall apply for the admission of the subscribed shares to public trading on the stock exchange list of Nasdaq Helsinki Ltd approximately on 16 May 2019.
In Mikkeli 9 May 2019
Valoe Corporation
Board of Directors
For more information:
Iikka Savisalo, President and CEO, Valoe Corporation
Tel. +358 40 521 6082, email: 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.