Valoe Corporation Stock Exchange Release 5 April 2016 at 16.45 Finnish time
Valoe: Disclosure under Chapter 9, Section 10 of the Securities Market Act
Valoe Corporation has received an announcement from Savcor Communications PTY.LTD on 5 April 2016 according to which its shareholding in Valoe shares has exceeded the threshold of over 15 % of all the shares in Valoe as a result of a share transactions concluded on 5 April 2016 whereby Savcor Communications PTY.LTD purchased all the Valoe shares owned by Australian EMEFCY Group Ltd (former Savcor Group Ltd).
Savcor Communications PTY.LTD acquired on deal a total of 133,333,333 Valoe´s shares representing altogether approximately 15.5 % of Valoe´s 862,472,136 shares and related voting rights.
Total positions of Savcor Communications PTY.LTD subject to the notification:
| % of shares and voting rights (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 | 15.5 % | 0 % | 15.5 % |
Savcor Communications PTY.LTD has not previously owned any shares in Valoe. Savcor Communications PTY.LTD is a related company of the Savisalo Family.
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 | 15.5 % | 0 % |
| A TOTAL | 133,333,333 | 0 | 15.5 % | 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 |
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.