Brief: Valoe In EUR 3 Mln Financial Arrangement With Winance

Valoe Oyj

22/04/2020 15:31

April 22 (Reuters) - Valoe Oyj  VALOE.HE :
    * VALOE HAS AGREED ON AN EUR 3.000.000 FINANCIAL ARRANGEMENT
WITH
WINANCE. THE FUNDING WILL BE USED, WHEN NECESSARY, AS WORKING
CAPITAL AND FOR THE PLANT INVESTMENTS IN LITHUANIA AND JUVA,
FINLAND
    * INTENDS TO USE FUNDING TO SUPPORT ITS STRATEGY, WHEN
NECESSARY
    * SUBSCRIPTION PRICE OF NOTES RELATED TO EACH OF FIRST,
SECOND AND
THIRD TRANCHE WARRANT SHALL BE EQUAL TO 98% OF PAR VALUE OF
NOTES
    * SUBSCRIPTION PERIOD OF COMPANY'S SHARES PURSUANT TO
WARRANTS IS
FIVE (5) YEARS FROM ISSUANCE OF EACH WARRANT
    * HALF OF FUNDING TO BE INVESTED IN IBC CELL PLANT IN
LITHUANIA
    * ANOTHER HALF TO BE  INVESTED TO CO'S DOMESTIC WORKING
CAPITAL
NEEDS AND MODULE PLANT INVESTMENT IN JUVA, FINLAND

Source text for Eikon:  ID:nGNE2qycPy 
Further company coverage:  VALOE.HE 

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