News & Videos - VALOE OYJ [CHIX]

Valoe Corporation Stock Exchange Release 19 April 2024 at 14.05 Finnish time The deadline for Valoe’s restructuring programme extended until 14.6.2024. Valoe has secured financing for the duration of the proceedings and continues to negotiate longer-term financing. Valoe Corporation's ("the Company") restructuring proceedings commenced on 22 January 2024 by the decision of the District Court of North Savo. In accordance with the request of the administrator Pekka Jaatinen, the District Court...

Valoe Corporation Financial Statement Release 27 March 2024 at 15.45 Finnish time THE FOURTH QUARTER IN BRIEF – RESTRUCTURING PROCEEDINGS COMMENCED During the fourth quarter of 2023, the net sales of Valoe Group, under the IFRS standards, was about EUR 0.01 million (in 2022: EUR 0.4 million). The EBITDA was EUR -0.8 million (EUR -1.2 million) and the EBIT EUR -1.1 million (EUR -1.7 million). The profit for the period was EUR -1.4 million (EUR -2.3 million). In the fourth quarter, the company's...

Valoe Corporation Stock Exchange Release 23 February 2024 at 8.30 Finnish time Valoe Corporation’s (”Company”) administrator, Mr Pekka Jaatinen, Attorney, (”Administrator”) has submitted his preliminary report in accordance with the Restructuring of Enterprises Act ("Preliminary Report"). The Administrator’s preliminary report concludes that the Company’s business has potential that can be rehabilitated through the restructuring proceedings. The Administrator is of the opinion that...

Valoe Corporation Stock Exchange Release 8 February 2024 at 15.35 (Finnish time) In 2024, Valoe Corporation will publish a financial statements release, an annual report, a half-year financial report and two business reviews as follows: Financial statements release 2023 on Wednesday 27 March 2024 Business review for January-March 2024 on Wednesday 29 May 2024 Half year report for January-June 2024 on Thursday 29 August 2024 Business review for January-September 2024 on Thursday 14 November 2024...

Valoe Corporation Stock Exchange Release 30 January 2024 at 18.05 (Finnish time) Valoe Corporation has successfully completed the change negotiations the company disclosed on 18 January 2024. Valoe commenced change negotiations with its employees to adjust its operations and human resources based on financial and production reasons. In accordance with the outcome of the negotiations, Valoe will temporarily lay off part of its staff. The layoffs will be mainly for fixed-term and implemented in a...

Valoe Corporation Inside Information 22 January 2024 at 15.32 (Finnish time) Valoe Corporation filed an application for restructuring on 5 December 2023 with the District Court of Pohjois-Savo, Finland, and amended the application on 10 January 2024. Today, on 22 January 2024, the District Court has decided on the commencement of the restructuring proceedings of Valoe Corporation. The District Court of Pohjois-Savo has appointed Pekka Jaatinen, Senior Advisor, from Castrén & Snellman Attorneys...

Valoe Corporation Inside Information 18 January 2024 at 15.15 (Finnish time) As disclosed on 5 December 2023, Valoe Corporation (“Company”) filed an application for restructuring proceedings. In order to adjust its operations based on financial and production reasons, the Company commences change negotiations on possible part-time employment and/or temporary layoffs of the Company's personnel. Despite its challenging situation, Valoe has received strong support for its business from the...

Valoe Corporation Stock Exchange Release 21 December 2023 at 11.30 (Finnish time) The Board of Directors of Valoe Corporation (“Company”) has resolved to extend the subscription period of the Convertible Bond 1/2023 disclosed on 14 July 2023 until 31 July 2024 at 6.00 pm. In addition, the Board of Directors has decided to reduce the subscription price of the Convertible Bond 1/2023 to €0.74 per share. The new subscription price corresponds to the Company's share price on 5 December 2023...

Valoe Corporation Stock Exchange Release 20 December 2023 at 09.15 (Finnish time) Authorised Public Accountants Moore Idman Oy, with KHT Antti Niemistö, Authorised Public Accountant, as the responsible auditor, has announced that it has resigned from its position as auditor of Valoe Corporation (the "Company"). Valoe will convene an Extraordinary General Meeting at a date to be announced later to elect a new auditor. In Mikkeli on 20 December 2023 Valoe Corporation BOARD OF DIRECTORS For more...

Valoe Corporation Inside information 5 December 2023 at 16.25 Finnish time According to the bankruptcy application, the claim is approximately 311,000 euros. Valoe has decided to file a Debt Restructuring Application and continue its financial negotiations. Valoe has received a financial commitment from an American partner. This investor is an industrial partner and, if the financial negotiations are successful, is committed to financing and developing Valoe in the long term so that its...

Valoe Corporation Stock Exchange Release 1 December 2023 at 17.00 Finnish time The Board of Directors of Valoe Corporation (the "Company") has, pursuant to the terms and conditions of the financing arrangement between Valoe Corporation and RiverFort Global Opportunities Pcc Limited (“RiverFort”) announced on 30 July 2021, resolved to approve the request of RiverFort to convert a proportion of EUR 43,836.82 of the outstanding principal and interest amount of the RiverFort financing...

Valoe Corporation Stock Exchange Release 30 November 2023 at 16.15 (Finnish time) The Board of Directors of Valoe Corporation has resolved to extend the subscription period of the Convertible Bond 1/2023 disclosed on 14 July 2023 until 29 December 2023 at 6.00 pm. In Mikkeli on 30 November 2023 Valoe Corporation BOARD OF DIRECTORS For more information: CEO Iikka Savisalo, Valoe Corporation tel. +358 40 521 6082 email: [email protected] Distribution: Nasdaq Helsinki Oy Main media...

Valoe Corporation Stock Exchange Release 24 November 2021 at 13.00 (Finnish time) Valoe Corporation’s (“Valoe”) subordinated Convertible Bond 2/2021 expired on 15 October 2023. Valoe and Ilmarinen Mutual Pension Insurance Company, the Promissory Note Holder of the Convertible Bond 2/2021, have negotiated on rearranging the loan and converting it to a new subordinated convertible bond. Valoe has resolved to issue a Convertible Bond 2/2023 totalling EUR 3,375,568, in deviation from the...

Valoe Corporation Stock Exchange Release 17 November 2023 at 12.20 Finnish time The Board of Directors of Valoe Corporation has resolved to extend the subscription period of the Convertible Bond 1/2023 disclosed on 14 July 2023 until 30 November 2023 at 6.00 pm. In Mikkeli 17 November 2023 Valoe Corporation Board of Directors For more information: Iikka Savisalo, President and CEO, Valoe Corporation Tel. +358 40 521 6082 email: [email protected] Distribution: NASDAQ OMX, Helsinki Main...

Valoe Oyj Liiketoimintakatsaus 16.11.2023 klo 20.45 Valoe Corporation Business Review January – September 2023 THE THIRD QUARTER OF 2023 IN BRIEF Financial Situation In July - September 2023, the net sales of Valoe Group, under the IFRS standards, were EUR about 0.2 million (in 2022 EUR 0.4 million). The EBITDA was about EUR -0.8 million (EUR -0.8 million), the EBIT was ca. EUR -1.3 million (EUR -1.3 million), and the profit for the period was ca. EUR -2.1 million (EUR -1.7 million). In...

Valoe Corporation Stock Exchange Release 15 November 2023 at 15.45 Finnish time The Board of Directors of Valoe Corporation (the "Company") has, pursuant to the terms and conditions of the financing arrangement between Valoe Corporation and Winance announced on 10 February 2023, resolved to approve the request of Winance to convert a proportion of EUR 40,000 of the convertible notes to the shares in the Company at conversion price of EUR 0.81 per share. The conversion shall be executed by...

Valoe Corporation Stock Exchange Release 7 November 2023 at 15.55 Finnish time Issue of Convertible Notes Valoe Corporation (“Valoe” or “Company”) has, pursuant to the terms and conditions of the financing arrangement between Valoe and Winance announced on 10 February 2023 (“Financing Arrangement”), paid Winance EUR 230,000 in convertible notes and issued to Winance 230 convertible notes. Conversion of Convertible Notes to Shares The Board of Directors of Valoe has, pursuant to the...

Valoe Corporation Stock Exchange Release 3 November 2023 at 16.50 (Finnish time) The Board of Directors of Valoe Corporation (“Valoe” or “Company”) has resolved to increase the maximum amount of the Convertible Bond 1/2023 disclosed on 14 July 2023 by EUR 2.0 million to EUR 3.0 million. In addition, the Board of Directors of the Company has resolved to extend the subscription period of the Convertible Bond 1/2023 until 17 November 2023 at 6.00 pm Finnish time. In addition, as a result of...

Valoe Corporation Stock Exchange Release 2 November 2023 at 15.30 Finnish time The Board of Directors of Valoe Corporation (the "Company") has, pursuant to the terms and conditions of the financing arrangement between Valoe Corporation and RiverFort Global Opportunities Pcc Limited (“RiverFort”) announced on 30 July 2021, resolved to approve the request of RiverFort to convert a proportion of EUR 30,000.00 of the outstanding principal and interest amount of the RiverFort financing...

Valoe Corporation Stock Exchange Release 1 November 2023 at 8.40 Finnish time Valoe Corporation (" Valoe " or " Company ") has on the previously announced reverse split date, 31 October 2023, executed a reverse share split and thereto related directed share issue without consideration, redemption of shares and cancellation of shares. After these measures, the new number of shares in the Company is 3,116,630. The new number of shares has been registered with the Trade Register maintained by the...