Endomines Clarifies Flagging Notifications Announced on December 20, 2024
Endomines Finland Oyj – Press Release – 21.12.2024, at 13:00 EET
Endomines Clarifies Flagging Notifications Announced on December 20, 2024
Endomines Finland Plc published flagging notifications on December 20, 2024, in accordance with the Finnish Securities Market Act Chapter 9, §5 and §6, stating that:
- Joensuun Kauppa ja Kone Ltd/ Kyösti Kakkonen/ Kakkonen-Yhtiöt Ltd/ K22 Finance Ltd’s holding of Endomines’ shares and votes fell below the 25 % flagging disclosure limit.
- Wipunen Varainhallinta Ltd’s holding of Endomines’ shares and votes exceeded the 10 % flagging disclosure limit.
- Mariatorp Ltd’s holding of Endomines’ shares and votes exceeded the 10 % flagging disclosure limit.
These flagging notifications are related to the conversion of convertible loans announced on December 12, 2024, which increased the total number of shares and votes in Endomines Finland Plc from 9,795,339 to 10,830,029. Mariatorp Ltd and Wipunen Varainhallinta Ltd each converted €3,623,438.72 into new shares of Endomines Finland Plc. As a result, their ownership has risen above the 10 % flagging disclosure limit. With the increase in the total number of shares and votes, Kyösti Kakkonen’s ownership has diluted below the 25 % flagging disclosure limit. This did not involve the sale or purchase of shares.
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.