Valoe Corporation Stock Exchange Release 3 May 2017 at 17.55 Finnish time
Valoe: Disclosure under Chapter 9, Section 10 of the Securities Market Act
On 25 April 2017 Valoe disclosed that the company resolved on the issuance of 86,000,000 new shares to the company itself without consideration. The arrangement is connected to the financing facility with Bracknor Investment. As a result of the share issue the total number of the shares in the Valoe increased to 948,472,136 of which 86,000,000 shares i.e. 9.07 % are held by the company. The shares held by the company do not entitle to voting rights, thus there will be no change in the proportional amount of the voting rights of the shareholders.
Notification from Savcor Group Oy
Valoe Corporation has received an announcement from Savcor Group Oy on 3 May 2017 according to which its shareholding in Valoe shares has crossed the threshold of 30 % of all the shares in Valoe as a result of Valoe’s share issue to the company itself disclosed on 25 April 2017. The proportion of Savcor Group’s voting rights in Valoe have not changed.
Total positions of Savcor Group Oy subject to the notification:
| % of shares (total of A) | % of shares and voting rights through financial instruments (total of B) | Total number of shares and voting rights of issuer | |
| Resulting situation on the date on which threshold was crossed or reached | 28.49 % | 0 % | 28.49 % |
Savcor Group Oy is Savisalo family’s related party.
Notified details of the resulting situation on the date on which the threshold was crossed or reached: A: Shares and voting rights:
| Class/Type of shares ISIN code | Number of shares and voting rights | Number of shares and voting rights | % of shares and voting rights | % of shares and voting rights |
| Direct (SMA 9:5) | Indirect (SMA 9:6 and 9:7) | Direct (SMA 9:5) | Indirect (SMA 9:6 and 9:7) | |
| FI0009006951 | 270 255 619 | 0 | 28.49 % | 0 % |
| A TOTAL | 270 255 619 | 0 | 28.49 % | 0 % |
B: Financial instruments according to SMA 9:6a:
| Type of financial instrument | Expiration date | Exercise/conversion period | Physical or cash settlement rights | Number of shares and voting | % of shares and voting rights |
| B TOTAL | 0 | 0 % |
Notification from Savcor Communications Pty Ltd
Valoe Corporation has received an announcement from Savcor Communications Pty Ltd on 3 May 2017 according to which its shareholding in Valoe shares has crossed the threshold of 15 % of all the shares in Valoe as a result of Valoe’s share issue to the company itself disclosed on 25 April 2017. The proportion of Savcor Communications’ voting rights in Valoe have not changed.
Total positions of Savcor Communications Pty Ltd subject to the notification:
| % of shares (total of A) | % of shares and voting rights through financial instruments (total of B) | Total number of shares and voting rights of issuer | |
| Resulting situation on the date on which threshold was crossed or reached | 14.06 % | 0 % | 14.06 % |
Savcor Communicataions Pty Ltd is Savisalo family’s related party.
Notified details of the resulting situation on the date on which the threshold was crossed or reached: A: Shares and voting rights:
| Class/Type of shares ISIN code | Number of shares and voting rights | Number of shares and voting rights | % of shares and voting rights | % of shares and voting rights |
| Direct (SMA 9:5) | Indirect (SMA 9:6 and 9:7) | Direct (SMA 9:5) | Indirect (SMA 9:6 and 9:7) | |
| FI0009006951 | 133 333 333 | 0 | 14.06 % | 0 % |
| A TOTAL | 133 333 333 | 0 | 14.06 % | 0 % |
B: Financial instruments according to SMA 9:6a:
| Type of financial instrument | Expiration date | Exercise/conversion period | Physical or cash settlement rights | Number of shares and voting | % of shares and voting rights |
| B TOTAL | 0 | 0 % |
Notification from Gaselli Capital Oy
Valoe Corporation has received an announcement from Gaselli Capital Oy on 3 May 2017 according to which its shareholding in Valoe shares has crossed the threshold of 10 % of all the shares in Valoe as a result of Valoe’s share issue to the company itself disclosed on 25 April 2017. The proportion of Gaselli Capital’ voting rights in Valoe have not changed.
Total positions of Gaselli Capital Oy subject to the notification:
| % of shares (total of A) | % of shares and voting rights through financial instruments (total of B) | Total number of shares and voting rights of issuer | |
| Resulting situation on the date on which threshold was crossed or reached | 9.099 % | 9.099 % |
Notified details of the resulting situation on the date on which the threshold was crossed or reached: A: Shares and voting rights:
| Class/Type of shares ISIN code | Number of shares and voting rights | Number of shares and voting rights | % of shares and voting rights | % of shares and voting rights |
| Direct (SMA 9:5) | Indirect (SMA 9:6 and 9:7) | Direct (SMA 9:5) | Indirect (SMA 9:6 and 9:7) | |
| FI0009006951 | 0 | 86 300 000 | 0 % | 9.099 % |
| A TOTAL | 0 | 86 300 000 | 0 % | 9.099 % |
B: Financial instruments according to SMA 9:6a:
| Type of financial instrument | Expiration date | Exercise/conversion period | Physical or cash settlement rights | Number of shares and voting | % of shares and voting rights |
| B TOTAL |
In Mikkeli 3 May 2017
Valoe Corporation Board of Directors
For more information: Iikka Savisalo
President and CEO, Valoe Corporation
Tel. +358 40 521 6082, email: 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.
