Kurs & Likviditet
Beskrivning
Land | Finland |
---|---|
Lista | Small Cap Helsinki |
Sektor | Industri |
Industri | Industriprodukter |
Valoe Corporation Stock Exchange Release 15 July 2019 at 14.00 Finnish time
The Board of Directors of Valoe Corporation (the "Company") has, on the basis of the financing arrangement between the Company and Winance Investment approved on 19 December 2018 resolved on the issuance of a maximum of 10,000,000 new shares to the Company itself without consideration. The subscription period for the new shares commenced on 15 July 2019 and shall end on 15 July 2020. New shares can be subscribed in tranches at any time during the subscription period as resolved by the Board of Directors of the Company, however, subject to total amount of treasury shares held by or pledged by the Company not exceeding 1/10 of all the shares in the Company at any time, as required under Chapter 15, Section 11 of the Companies Act.
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 Investment when Winance investment 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 Winance Investment, 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.
The Company has on 15 July 2019 subscribed in total 2,050,000 new shares in the share issue ("Subscribed Shares").
After the registration of the Subscribed Shares in the trade register, the total number of the shares in the Company is 20,589,971 shares of which 2,055,553 shares are held by the Company.
The Subscribed Shares are estimated to be registered in the trade register approximately on 22 July 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 by the end of July 2019.
In Mikkeli, on 15 July 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.