Outcome of the voluntary redemption of shares
Kopy Goldfields AB (publ) (”Kopy Goldfields” or the ”Company”) (listed on Nasdaq First North Growth Market, under the ticker KOPY) announces that shareholders holding a total of 80,846,349 shares, approximately 8.95% of the shares in the Company, have accepted the Company’s redemption offer.
On May 24, 2024 the Company’s board of directors proposed a voluntary redemption of up to approximately 17% of the shares in the Company at a price per share of SEK 0.35 (the “Redemption”). The Redemption proposal was approved at the Annual General Meeting (“AGM”) on June 27, 2024.
Shareholders holding a total of 80,846,349 shares, approximately 8.95% of the shares in the Company, have accepted and requested to voluntarily redeem their shares. SEK 28,296,222.15 will be repaid to shareholders through the redemption. The amount to be repaid to the shareholders corresponds to SEK 0.35 per share, which shall be paid within 10 days of the registration of the redemption of shares with the Companies Registration Office (Bolagsverket), and is preliminarily expected to be paid around August 15, 2024.
Upon completion of the redemption procedure, the main shareholders’ (HC Alliance Mining Group Ltd and Magomed Bazhaev) ownership will increase to approximately 92.5% of the shares and votes in the Company. The main shareholders were not entitled to participate in the voluntary redemption.
The Company intends to apply for a delisting of the shares from Nasdaq First North Growth Market once the redemption procedure is completed. The Company will in due course inform the market when such measures are initiated.
This is a translation of the Swedish version of the press release. In case of discrepancies, the Swedish wording shall prevail.