Brief: Valoe BOD Proposes Reduction Of Shares Without Reducing Share Capital

Valoe Oyj

05/10/2023 14:55

Oct 5 (Reuters) - Valoe Oyj  VALOE.HE :
    * PROPOSES TO GENERAL MEETING REDUCTION OF QUANTITY OF CO'S
SHARES
WITHOUT REDUCING SHARE CAPITAL
    * EACH CURRENT 200 SHARES OF COMPANY SHALL CORRESPOND TO ONE
SHARE
OF COMPANY AFTER ARRANGEMENTS
    * PRIOR TO REDUCTION TOTAL NUMBER OF SHARES IN CO IS
592,859,607
    * PURPOSE OF REDUCTION OF QUANTITY OF COMPANY'S SHARES IS TO
INCREASE VALUE OF A SINGLE SHARE AND THUS TO IMPROVE TRADE
CONDITIONS
    * MAXIMUM AMOUNT OF NEW SHARES ISSUED BY COMPANY IN SHARE
ISSUE IS
3.6 MILLION NEW SHARES
    * FOR EVERY 200 SHARES OF COMPANY 199 COMPANY SHARES SHALL
BE
REDEEMED
    * IF NECESSARY, TRADING WITH CO'S SHARE SHALL BE TEMPORARILY
INTERRUPTED IN ORDER TO PERFORM NECESSARY TECHNICAL MEASURES
    * REDUCTION IN OF CO'S SHARES SHALL BE CARRIED OUT IN BOOK-
ENTRY
SYSTEM AFTER END OF TRADING DAY ON NASDAQ HELSINKI ON 27 OCT
2023

Source text for Eikon:  ID:nGNE4jW74T 
Further company coverage:  VALOE.HE 

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