Valoe Corporation's Issue of New Shares Without Consideration to the Company Itself
October 20 2023 - 8:30AM
Valoe Corporation's Issue of New Shares Without Consideration to
the Company Itself
Valoe
Corporation Stock
Exchange Release 20 October 2023 at 15.30 Finnish time
The Board of Directors of Valoe Corporation
(“Valoe” or the “Company”) has resolved on a share issuance of a
total of 29,000,000 new shares (“New Shares”) to the Company itself
without consideration (“Share Issue”). The Company has subscribed a
total of 29,000,000 New Shares directed to it. The Share Issue
without consideration to the Company itself is conducted to
implement financing arrangements. 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 New Shares are estimated to be registered with
the Trade Register approximately on 23 October 2023. The New Shares
shall be applied for the admission to public trading on the stock
exchange list of Nasdaq Helsinki Ltd approximately on 25 October
2023.
After the registration of the New Shares with
the Trade Register, the total number of the shares in the Company
is 621,859,607 shares of which 52,470,309 shares are held by the
Company (thus the total amount of the shares held by the Company is
approximately 8.44 % of all the shares in the Company).
In Mikkeli, 20 October 2023
Valoe Corporation
BOARD OF DIRECTORS
For more information:CEO Iikka Savisalo, Valoe
CorporationTel. +358 405216082email: iikka.savisalo@valoe.com
Distribution:Nasdaq Helsinki OyMain
mediawww.valoe.com
Valoe Corporation specializes in the clean
energy, especially in photovoltaic solutions. Valoe provides PV
technology based on its own back contact technology and related
projects, project design and technology consulting. Valoe also
provides manufacturing technology for PV modules, module
manufacturing lines, modules and key components for modules, as
well as IBC solar cells manufactured at the Company’s factory in
Lithuania. Valoe is headquartered in Mikkeli, Finland, with
production facilities in Juva, Finland, and Vilnius, Lithuania.
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