Valoe Oyj - Company Announcement

Valoe corporation has received A flagging notification from Oy Ingman Finance Ab in accordacne with chapter 9 section 5 of the finnish securities market act

Valoe Corporation                                                  Stock
Exchange release 13 October 2015 at 9.00 Finnish time 



Valoe Corporation has received a flagging notification from Oy Ingman Finance
Ab in accordacne with chapter 9 section 5 of the finnish securities market act 



Valoe Corporation (hereinafter "Valoe") hereby discloses in accordance with the
Finnish Securities Market Act Chapter 9 Section 10 that it has received a
flagging notification from Oy Ingman Finance Ab (hereinafter "Ingman Finance")
pursuant to the Finnish Securities Market Act Chapter 9 Section 5 on 12 October
2015. Pursuant to the flagging notification of Ingman Finance its share of all
issued Valoe shares and voting rights may fall behind 5 per cent as a result of
the arrangement described below and which arrangement may thus lead to fall
behind the flagging notification threshold. 

1. Issuer
Valoe Corporation, business ID 0749606-1

2. Person subject to the notification obligation
Oy Ingman Finance Ab, business ID 2241895-0.

3. Grounds for the flagging notification
Arrangement which may result in falling behind the flagging notification
threshold of 5 per cent calculated in accordance with the Finnish Securities
Market Act Chapter 9 Section 5. 

4. Date on which the flagging threshold was fallen behind
9 October 2015

5. Flagging threshold that is fallen behind
5 per cent of all shares and voting rights in Valoe

6. Arrangement
On 18 August 2015 Ingman Finance subscribed for the Convertible Bond I/2015
(hereinafter Convertible Bond) issued by Valoe by converting all the loan
shares owned by Ingman Finance in Valoe's Convertible Bond I/2013 together with
accrued interest on the Convertibe Bond I/2013, a total amount of EUR
705,468.49, to Valoe's Convertible Bond I/2015. 

On 1 September 2015 Valoe increased the maximum amount of the Convertible Bond
from EUR 5 million to EUR 7.7 million. Further, Valoe announced on 9 October
2015 that the Convertible Bond has been fully subscribed and that the Board of
Directors has approved the maximum amount of subscriptions i.e. EUR 7.7
million. The amount of the subscription made by Ingman Finance on 18 August
2015 will not change but in relation to the total amount of the subscriptions
approved by the Board of Directors of Valoe the proportional share of the Valoe
shares owned by Ingman Finance may decrease as follows: 



Number of Shares  % of the Shares  Number of Voting Rights  % of Voting Rights
      70.546.849            4.3 %               70.546.849               4.3 %



The above mentioned portions have been calculated in relation to the Valoe
shares registered with the Finnish Companies Register on 12 October 2015 and
related voting rights i.e. 862,472,136 shares and voting rights increased by
maximum amount of shares allowed by Convertible Bond i.e. 770,000,000 shares
and votes. 



In Mikkeli 13 October 2015

Valoe Oyj
Iikka Savisalo
President and CEO

For more information please contact:
Iikka Savisalo, President and CEO, Valoe Corporation, tel. +358 40 521 6082,
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.