Issue of New Shares in Valoe Corporation Without Consideration to the Company Itself and Subscription of Shares
03 Agosto 2023 - 10:00AM
Issue of New Shares in Valoe Corporation Without Consideration to
the Company Itself and Subscription of Shares
Valoe
Corporation Stock
Exchange Release 3 August 2023 at 18.00 (Finnish time)
The Board of Directors of Valoe Corporation (“Company”) has, on
the basis of the share issue without consideration to the Company
itself resolved by the Company on 30 May 2023 (“Share Issue”),
resolved to subscribe a total of 25,000,000 new shares directed to
it (“Subscribed Shares”). The share subscription is conducted to
implement a part of the Company’s financing arrangements.
On the basis of the Share Issue of a total of maximum 65,000,000
new shares resolved by the Company on 30 May 2023, the Company has
previously subscribed a total of 40,000,000 shares.
Considering the treasury shares currently held by the Company
and the Subscribed Shares, the total amount of treasury shares held
by or pledged by the Company does not exceed 1/10 of all the shares
in the Company, as required under Chapter 15, Section 11 of the
Companies Act. After the registration of the Subscribed Shares in
the trade register, the total number of the shares in the Company
is 573,859,607 shares of which 29,652,558 treasury shares are held
by the Company (the treasury shares held by the Company totalling
approximately 5.17 per cent of all the shares in the
Company).
The Subscribed Shares are estimated to be registered in the
trade register approximately on 4 August 2023 and recorded to the
book-entry system maintained by Euroclear Finland Ltd approximately
on 7 August 2023. 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 9 August 2023. The listing of
the Subscribed Shares requires that the Company discloses a
prospectus pursuant to the Finnish Securities Markets Act. 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.
In Mikkeli on 3 August 2023
Valoe Corporation
BOARD OF DIRECTORS
For more information:CEO Iikka Savisalo, Valoe
CorporationTel. +358 40 5216082email: 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.
Valoe Oyj (LSE:0JQK)
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Valoe Oyj (LSE:0JQK)
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