Conversion of Loans into Shares Pursuant to Financing Arrangement between Valoe Corporation and RiverFort
Valoe Corporation Stock Exchange Release 9 January 2023 at 14.00 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 100,000.00 of the outstanding principal amount of the RiverFort financing arrangement into the shares in the Company at conversion price of EUR 0.02888 per share. The conversion shall be executed by transferring a total of 3,462,604 treasury shares to RiverFort.
After the above-mentioned transfer, Valoe will have in total 21,296,002 treasury shares.
In Mikkeli 9 January 2023
Board of Directors
For more information:
Iikka Savisalo, President and CEO, Valoe Corporation
Tel. +358 40 521 6082
NASDAQ OMX, Helsinki
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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