An Extraordinary General Meeting of shareholders (the "EGM") of
Reverse share split and amendment to the articles of association
The EGM resolved on a reverse share split and amendment of the limits for the number of shares in the articles of association. The reverse share split will be carried out by forty (40) existing shares consolidating into one (1) share (Sw: Sammanläggning 1:40). If a shareholder's holding of shares does not correspond to a full number of shares, the excessive shares will pass to the Company at the record date of the reverse share split. Excessive share will thereafter be sold by the Company at the Company's expense, whereby concerned shareholders will receive their part of the sales proceeds. The EGM also resolved to authorize the Board of Directors to determine the record date for the reverse share split. Following the reverse share split, the number of shares in the Company will decrease from 267,198,378 to 6,679,959. The reverse share split will result in a change of the share's quota value from
Approval of merger plan between
The EGM resolved to approve the cross-border downstream merger between the Company, as transferor company, and Endomines Finland Oyj (a wholly owned subsidiary of
As follows from the merger plan, the shareholders of the Company will receive one (1) new share in Endomines Finland for each share owned in the Company as merger consideration. The shares in Endomines Finland that will be paid as merger consideration, will be admitted to trading on Nasdaq Helsinki. In connection with this, trading in the Company's shares on Nasdaq Stockholm and Nasdaq Helsinki will cease. When the final conditions for the merger have been fulfilled, including that the Finnish Patent and Registration Office has registered the merger in the Finnish trade register, the legal consequences of the merger will enter into force and
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The shares trade on Nasdaq Stockholm (ENDO) and Nasdaq Helsinki (ENDOM).
https://news.cision.com/endomines-ab/r/resolutions-from-extraordinary-general-meeting-of-endomines-ab--publ--on-26-september-2022,c3636548
https://mb.cision.com/Main/2472/3636548/1630859.pdf
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