Endomines Finland Plc – Inside Information: Notice on the conversion of convertible loan into shares
Endomines Finland Plc – Inside Information – 27.4.2026, at 19:00 EEST
Endomines Finland Plc – Inside Information: Notice on the conversion of convertible loan into shares
Endomines Finland Plc has received a conversion notice related to convertible loan, based on which Wipunen Varainhallinta Oy will convert a total of 1,335,058.90 euros into new shares of Endomines Finland Plc.
In addition, Mariatorp Oy will convert a total of 1,335,058.90 euros into new shares of Endomines Finland Oyj.
Both parties will convert three different convertible loans, the terms of which are identical between the companies.
A total of 1,011,449.32 euros will be converted with a conversion price of 3.36 euros. The price is calculated by the daily average of the share's closing price for the period 1 September 2023–30 September 2023, deducted by 15 percent.
A total of 1,040,750.68 euros will be converted with a conversion price of 3.51 euros. The price is calculated by the daily average calculated from the share's closing price for the period 15 May 2023–15 June 2023, deducted by 15 percent.
A total of 617,917.81 euros will be converted with a conversion price of 8.00 euros.
As a result of the exchange, a total of 674,068 new shares of Endomines Finland Oyj will be registered and issued. The total number of Endomines shares and votes would increase from 12,112,497 shares and votes to 12,786,565 shares and votes. However, Endomines Finland Oyj currently has a stock split in progress, which will be implemented as a bonus share issue. These shares are estimated to be registered on 29 April 2026. Therefore, when the shares issued through the conversion of the loans reported herein is registered, the above-mentioned numbers of shares will be tripled according to the split ratio, meaning: a total of 2,022,204 shares will be registered, and the number of shares will increase (taking the split into account) to 38,359,695 shares.
After the registrations, the new shares issued through conversion will represent approximately 5.27 percent of the total number of shares and votes of the company.
Further information:
Minna Karttunen
CFO
Endomines Finland Plc
minna.karttunen@endomines.com
+358 40 513 3225
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 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.