Notification in accordance with the Finnish Securities Market Act Chapter 9, §5 and §6: Joensuun Kauppa ja Kone Ltd/ Kyösti Kakkonen/Kakkonen-Yhtiöt Ltd/K22 Finance Ltd’s holding in Endomines Finland Plc
Endomines Finland Plc – Stock Exchange Release, Flagging Notification – 20/12/2024, at 15:30 EET
Notification in accordance with the Finnish Securities Market Act Chapter 9, §5 and §6: Joensuun Kauppa ja Kone Ltd/ Kyösti Kakkonen/Kakkonen-Yhtiöt Ltd/K22 Finance Ltd’s holding in Endomines Finland Plc
Joensuun Kauppa ja Kone Ltd/ Kyösti Kakkonen/Kakkonen-Yhtiöt Ltd/K22 Finance Ltd has notified Endomines Finland Plc, that it’s holding of Endomines' shares and votes fell below the 25 % flagging disclosure limit on 20 January 2024.
Joensuun Kauppa ja Kone Ltd / Kyösti Kakkonen / Kakkonen-Yhtiöt Ltd / K22 Finance Ltd’s share according to the notification:
| % shares and votes | % of shares and votes through financial instruments (total of 7.B) | Total % of shares and votes (7.A + 7.B) | Total number of shares and votes | |
| Resulting situation on the date on which the threshold was crossed or reached | 24.94692 | 24.94692 | 10,830,029 | |
| Position of previous notification (if applicable) | 25.00104 | n/a | 25.00104 | n/a |
Notified details of the resulting situation on the date on which the threshold was crossed:
Shares and votes
Class / type of shares ISIN-code | Number of shares and votes | % of shares and votes | ||
Direct (SMA 9:5) | Indirect (SMA 9:6 and 9:7) | Direct (SMA 9:5) | Indirect (SMA 9:6 and 9:7) | |
| FI4000508023 | 2,701,759 | 24.94692 | ||
| SUBTOTAL | 2,701,759 | 24.94692 | ||
Financial instruments according to SMA 9:6a
| Type of financial instrument | Expiration date | Exercise / Conversion Period | Physical or cash settlement | Number of shares and voting rights | % of shares and voting rights |
| n/a | n/a | n/a | n/a | n/a | n/a |
The controlled undertakings through which the shares, voting rights and financial instruments are effectively held:
| Name | % of shares and votes | % of shares and votes through financial instruments | Total of both |
| Kyösti Kakkonen | 0.10619 | n/a | 11,500 |
| Kakkonen-Yhtiöt Ltd | 0.20188 | n/a | 21,864 |
Joensuun kauppa ja Kone Ltd | 21.03787 | n/a | 2,278,408 |
| K22 Finance Ltd | 3.60098 | n/a | 389,987 |
Kyösti Kakkonen owns 55.3 % of Kakkonen-Yhtiöt Ltd, which owns 100 % of Joensuun Kauppa ja Kone Ltd. Kyösti Kakkonen owns 77.78 % of K22 Finance Ltd.
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 US. We produce gold for the jewellery and electronics industries and create value by turning natural resources into wealth, and we also create value by transforming natural resources into wealth, an investment that can withstand the volatility of global politics. 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 main list (PAMPALO). www.endomines.com.