Valoe Corporation Stock Exchange Release September 21, 2023 at 6:00 p.m. Finnish time
The board of directors of Valoe Corporation (“Valoe” or the “Company”) has decided to issue shares totaling 19,000,000 new shares (“New Shares”) to the Company itself without consideration (“Issue of shares”). The Company has subscribed for a total of 19,000,000 New Shares intended for it. The issuance of shares without consideration for the Company itself is carried out to implement financing agreements. The New Shares are of the same category as the other shares of the Company and confer the same shareholder rights as the old shares of the Company after their registration. It is estimated that the new shares will be registered in the commercial register around September 22, 2023. The new shares will be requested for admission to public trading on the Nasdaq Helsinki Ltd stock exchange listing around September 26, 2023.
After registration of the New Shares in the Commercial Register, the total number of shares of the Company is 592,859,607 shares of which 42,201,350 shares are held by the Company (thus the total amount of shares held by the Company is approximately 7.12% of all shares of the Company).
In Mikkeli, September 21, 2023
BOARD OF DIRECTORS
For more information:
CEO Iikka Savisalo, Valoe Corporation
Such. +358 405216082
Nasdaq Helsinki Oy
Valoe Corporation specializes in clean energy, particularly in photovoltaic solutions. Valoe provides photovoltaic technology based on its own back contact technology and related projects, project design and technology consultancy. Valoe also provides photovoltaic module manufacturing technology, module manufacturing lines, modules and key module components, as well as IBC solar cells manufactured at the company’s factory in Lithuania. Valoe is headquartered in Mikkeli, Finland, and has production facilities in Juva, Finland, and Vilnius, Lithuania.