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    VALOE   FI0009006951

VALOE OYJ

(VALOE)
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Valoe Oyj : Issue of Convertible Notes and Warrants Pursuant to Financing Arrangement Between Valoe Corporation and Winance

06/08/2021 | 11:15am EDT

Valoe Corporation                Stock Exchange Release 8 June 2021 at 18.15 Finnish time

Valoe Corporation has, pursuant to the terms and conditions of the financing arrangement between Valoe Corporation and Winance announced on 22 April 2020, withdrawn EUR 250,000 of the fifth convertible notes tranche and issued to Winance in total 250 convertible notes and in total 416,667 warrants related thereto.

In Mikkeli, 8 June 2021

Valoe Corporation

BOARD OF DIRECTORS

For more information:
CEO Iikka Savisalo, Valoe Corporation
Tel. +358 405216082
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.


© OMX, source GlobeNewswire - EU Press Releases

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Financials
Sales 2020 1,62 M 1,90 M 1,90 M
Net income 2020 -4,92 M -5,77 M -5,77 M
Net Debt 2020 14,0 M 16,5 M 16,5 M
P/E ratio 2020 -2,13x
Yield 2020 -
Capitalization 30,9 M 36,3 M 36,2 M
EV / Sales 2019 74,2x
EV / Sales 2020 17,8x
Nbr of Employees -
Free-Float 56,3%
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Managers and Directors
Iikka Tuomas Savisalo President, Chief Executive Officer & Director
Seija Kurki Chief Financial Officer & Head-Accounting
Hannu Antero Savisalo Chairman
Tuukka Johannes Savisalo Chief Technology Officer, Head-R&D
Ville Parpola Vice Chairman
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