Endomines Finland Plc – Inside Information – 6.11.2025 at 21:30
Inside Information: Notice on the conversion of convertible loan into shares
Endomines Finland Oyj has received a conversion notice related to convertible loans, based on which a total of EUR 6,386,364.38 will be converted to new shares of Endomines Finland Plc.
Hietamoor Oy will convert a total of EUR 124,854.79 to new Endomines Finland Plc shares. In accordance with the convertible loan agreement, the exchange price is approximately EUR 3.36 per share.
Joensuun Kauppa ja Kone Oy will convert a total of EUR 655,487.67 to new Endomines Finland Plc shares. In accordance with the convertible loan agreement, the exchange price is approximately EUR 3.36 per share.
K22 Finance Oy will convert a total of EUR 124,854.79 to new Endomines Finland Plc shares. In accordance with the convertible loan agreement, the exchange price is approximately EUR 3.36 per share.
Pielisen kiinteistö Oy will convert a total of EUR 62,427.40 to new Endomines Finland Plc shares. In accordance with the convertible loan agreement, the exchange price is approximately EUR 3.36 per share.
The exchange price consists of the daily average price calculated at the share's closing price during 1 September 2023 – 30 September 2023 with a deduction of 15 per cent (EUR 3.36 per share).
Wipunen Varainhallinta Oy’s conversions are as follows:
EUR 1,194,246.58 convertible loan at the contractual conversion price of EUR 23.70 per share. The exchange price is calculated as the average daily price of the share at its closing price for the 15 trading days preceding the exchange, minus 15 percent.
EUR 1,515,123.29 convertible loan at the contractual conversion price of EUR 22.28 per share. The exchange price is calculated as the average daily price of the share at its closing price for the 10 trading days preceding the exchange, minus 18 percent.
Wipunen Varainhallinta Oy will exchange a total of EUR 2,709,369.86 for new Endomines Finland Plc shares.
Mariatorp Oy’s conversions are as follows:
EUR 1,194,246.58 convertible loan at the contractual conversion price of EUR 23.70 per share. The exchange price is calculated as the average daily price of the share at its closing price for the 15 trading days preceding the exchange, minus 15 percent.
EUR 1,515,123.29 convertible loan at the contractual conversion price of EUR 22.28 per share. The exchange price is calculated as the average daily price of the share at its closing price for the 10 trading days preceding the exchange, minus 18 percent.
Mariatorp Oy will exchange a total of EUR 2,709,369.86 for new Endomines Finland Plc shares.
As a result of the conversions, 524,449 new Endomines Finland Plc shares will be registered and issued. The total number of shares and votes in Endomines increases from 11,446,895 shares and votes to 11,971,344 shares and votes. After registration, the new shares correspond to approximately 4.38 per cent of the company's total number of shares and votes.
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.