Insider Information: Notice on the conversion of convertible loan into shares
Endomines Finland Plc – Insider Information – 21.2.2025, at 16:30 EET
Insider Information: Notice on the conversion of convertible loan into shares
Endomines has received a conversion notice related to convertible loans, based on which a total of 700,000 euros will be converted for new shares of Endomines Finland Plc.
Joensuun Kauppa ja Kone Oy will convert a total of 400,000 euros for new Endomines Finland Plc shares. In accordance with the convertible loan agreement, the exchange price is approximately EUR 8.43 per share.
K22 Finance Oy will convert a total of 100,000 euros for new Endomines Finland Plc shares. In accordance with the convertible loan agreement, the exchange price is approximately EUR 8.43 per share.
Pielisen Kiinteistö Oy will convert a total of 100,000 euros for new Endomines Finland Plc shares. In accordance with the convertible loan agreement, the exchange price is approximately EUR 8.43 per share.
Hietamoor Oy will convert a total of 100,000 euros for new Endomines Finland Plc shares. In accordance with the convertible loan agreement, the exchange price is approximately EUR 8.43 per share.
The exchange price consists of the daily average price calculated at the share's closing price during the 15 trading days preceding the day of the conversion notice, minus 15 percent.
As a result of the conversions, 83,035 new Endomines Finland Plc shares will be registered and issued. The total number of shares and votes in Endomines increases from 10,845,901 shares and votes to 10,928,936 shares and votes. After registration, the new shares correspond to approximately 0.76 percent of the company's total number of shares and votes.
"It's great that our long-term owners are increasing their ownership and commitment to our golden journey. The conversion of loans into shares reduces the number of the company's loans, reduces interest expenses and strengthens the company's balance sheet. A stronger balance sheet supports the implementation of our strategic goals. The support of the owners is of great importance to us", comments the company's CEO Kari Vyhtinen.
Further information:
Minni Lempinen
CFO
Endomines Finland Plc
minni.lempinen@endomines.com
+358 40 769 3483
Endomines Finland Plc is a Finnish forerunner in sustainable mining. Our operations are focused on gold production and exploration in the Karelian Gold Line in Eastern Finland. We also own the rights to seven gold deposits in the United States. We produce gold for the jewellery and electronics industries and create value by turning natural resources into wealth; an investment that can withstand global political instability. Our vision is to develop the Karelian gold line into one of the most important and sustainable gold producing regions in the world. Endomines is listed on the OMX Helsinki (PAMPALO). www.endomines.com.