Valoe Oyj - Changes in company's own shares

CONVERSION OF CONVERTIBLE NOTES PURSUANT TO FINANCING ARRANGEMENT BETWEEN VALOE CORPORATION AND BRACKNOR INVESTMENT

Valoe Corporation                                                    Stock
Exchange Release 22 May 2017 at 14.00 

CONVERSION OF CONVERTIBLE NOTES PURSUANT TO FINANCING ARRANGEMENT BETWEEN VALOE
CORPORATION AND BRACKNOR INVESTMENT 

The Board of Directors of Valoe Corporation (the "Company") has, pursuant to
the terms and conditions of the financing arrangement between Valoe Corporation
and Bracknor Investment announced on 19 April 2017, resolved to approve the
request of Bracknor Investment to convert a proportion of EUR 40,000 of the
convertible notes to the shares in the Company at conversion price of EUR 0.01
per share. The conversion shall be executed by transferring a total of
4,000,000 treasury shares to Bracknor Investment. After the transfer the
Company will have in total 62,909,091 treasury shares. 



In Mikkeli on 22 May 2017

Valoe Corporation

BOARD OF DIRECTORS



For more information:
CEO Iikka Savisalo, Valoe Corporation
p. 0405216082
email: iikka.savisalo@valoe.com

Distribution:
Nasdaq Helsinki Oy
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.