Strengthening Digitalist Group Plc's balance sheet position and conversion of convertible bonds into capital loans 

Strengthening Digitalist Group Plc's balance sheet position and conversion of convertible bonds 2021/1, 2021/2, 2021/3 and 2021/4 into capital loans Digitalist Group Oyj Inside Information30 December 2024 at 17:00Digitalist Group Plc (" Digitalist Group " or the " Company ") has decided, in order to strengthen the Company's balance sheet position, to utilize the right offered by Turret Oy Ab (" Turret ") and Holdix Oy Ab (" Holdix ") to convert a total of 3,860,763.40 + interest...

Helsinki, 30/12/2024 (informazione.news - comunicati stampa - economia)

Digitalist Group Oyj Inside Information 30 December 2024 at 17:00

Digitalist Group Plc (" Digitalist Group " or the " Company ") has decided, in order to strengthen the Company's balance sheet position, to utilize the right offered by Turret Oy Ab (" Turret ") and Holdix Oy Ab (" Holdix ") to convert a total of 3,860,763.40 + interest 861,271.93 euros of the principal and interest of the convertible bonds (separately “ Convertible Bond ” or together “ Convertible Bonds ”) 2012/1, 2021/2, 2021/3 and 2021/4 subscribed by Turret and Holdix into a capital loan in accordance with Chapter 12 of the Limited Liability Companies Act, as presented below.

Conversion of convertible bond 2021/1

The principal amount of the Convertible Bond 2021/1 subscribed by Turret, totaling 650,000 euros plus accrued interest, will be converted into a capital loan. After the conversion, the essential main points of the terms (“ Terms ”) of the Convertible Bond 2021/1 and the associated special rights are as follows: 

Conversion of convertible bond 2021/2

The principal amount of the Convertible Bond 2021/2 subscribed by Holdix, totaling 350,000 euros plus accrued interest, will be converted into a capital loan. After the conversion, the essential main points of the terms (“ Terms ”) of the Convertible Bond 2021/2 and the associated special rights are as follows:

Conversion of convertible bond 2021/3

A total of 1,951,597.56 euros of the principal plus accrued interest of the Convertible Bond 2021/3 subscribed by Turret will be converted into a capital loan. After the conversion, the essential main points of the terms (“ Terms ”) of the Convertible Bond 2021/3 and the special rights attached thereto are as follows:

Conversion of convertible bond 2021/4

A total of 909,165.51 euros of the principal plus accrued interest of the Convertible Bond 2021/4 subscribed by Holdix will be converted into a capital loan. After the conversion, the essential main points of the terms (“ Terms ”) of the Convertible Bond 2021/4 and the special rights attached thereto are as follows:

Turret is the largest shareholder of Digitalist Group, and Holdix is the Company's second-largest shareholder.

Under company law legislation concerning related party transactions, Digitalist Group's board members Paul Ehrnrooth and Peter Eriksson did not participate in the decision-making process regarding the Convertible Bond 2021/1 or the Convertible Bond 2021/3.

DIGITALIST GROUP PLC

Board of Directors

Further information:

Digitalist Group Plc

CEO Magnus Leijonborg, tel. +46 76 315 8422, magnus.leijonborg@digitalistgroup.com

Chairman of the Board Esa Matikainen, tel. +358 40 506 0080, esa.matikainen@digitalistgroup.com

Distribution:

NASDAQ Helsinki

Key media

https://digitalist.global