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2017-06-12 14:50:01 CEST 2017-06-12 14:50:01 CEST REGULATED INFORMATION Valoe Oyj - Changes in company's own sharesCONVERSION OF CONVERTIBLE NOTES PURSUANT TO FINANCING ARRANGEMENT BETWEEN VALOE CORPORATION AND BRACKNOR INVESTMENTValoe Corporation Stock Exchange Release 12 June 2017 at 15.50 Finnish Time
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 10,000 of the convertible notes and a proportion of EUR 120,000 of the convertible notes, equal to the commitment fee, 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 13,000,000 treasury shares to Bracknor Investment. After the transfer the Company will have in total 49,909,091 treasury shares.
In Mikkeli on 12 June 2017 Valoe Corporation BOARD OF DIRECTORS
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Distribution: 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.
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