Brief: Valoe Issues EUR 3.5 Million Convertible Bond

Valoe Oyj

05/11/2019 15:28

Nov 5 (Reuters) - Valoe Oyj  VALOE.HE :
    * REG-VALOE ISSUES A 3.5 MILLION EURO CONVERTIBLE BOND
    * OBJECTIVE OF OFFERING WAS TO COLLECT A TOTAL OF
APPROXIMATELY
EUR 7.0 MILLION NEW MONEY
    * COLLECTED PROCEEDS IMPROVED VALOE'S FINANCIAL POSITION,
ENABLED
TRANSFER OF OWNERSHIP OF IBC CELL FACTORY IN LITHUANIA TO VALO
DISCLOSED ON 28 OCTOBER 2019
    * VALOE WILL REQUIRE NEW FUNDING E.G. TO PAY REST OF
PURCHASE
PRICE OF SOLITEK'S SOLAR CELL PRODUCTION BUSINESS AND TO FINISH
IBC TECHNOLOGY INVESTMENT
    * COLLECTED IN OFFERING ENDED ON 18 OCTOBER 2019 A TOTAL OF
APPROXIMATELY EUR 3.45 MILLION NEW CAPITAL

Source text for Eikon:  ID:nGNE7wdYWX 
Further company coverage:  VALOE.HE 

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