Digitalist Group Plc’s Business Review, 1 January – 31 March 2024 - Seite 2

Strengthening Digital Group Plc's equity, conversion of convertible bonds partly into capital loans

In order to strengthen the Company's equity, Digital Group decided on 22 March 2024 to utilize the right provided by Turret Oy Ab ("Turret") and Holdix Oy Ab ("Holdix") to convert a total of 1,907,175.40+interest 334,513.29 euros of the principal and interest of the convertible bonds 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.

EVENTS SINCE THE REVIEW PERIOD

Proposal for the AGM: Amendment of the terms concerning Convertible Bonds

The Board of Directors proposes that the General Meeting resolve to amend the current terms of Convertible Bonds VVK 2021/1, VVK 2021/3 and VVK 2022/1 subscribed for and paid by Turret Oy Ab (the principal totalling EUR 15,592,150.50) and Convertible Bonds VVK 2021/2 and VVK 2021/4 subscribed for and paid by Holdix Oy Ab (the principal totalling EUR 6,411,103.57), maturing 31 May 2024 and 30 June 2024, so that the maturity date of the payment of the principal of and interest on the Convertible Bonds and the period for exercising the right of conversion are extended and the maximum number of convertible shares converted with Convertible Bonds is increased, taking into account the price level of the Company’s share. In addition, due to the amendment of Chapter 10, Section 3(1)(7) of the Limited Liability Companies Act, the terms of the Convertible Bonds would be supplemented with the transfer of domicile, and some technical specifications would be made to the terms. The amendments to the terms of the Convertible Bonds will enter into force if the General Meeting approves the proposals of the Board of Directors and the parties sign the relevant agreements.

The stock exchange releases for the review period and the AGM Notice are on the company’s website at www.digitalist.global/investors/releases.

When the business review was published, the company expected its working capital to be sufficient to cover its requirements over the next 12 months.

DIGITALIST GROUP OYJ
Board of Directors

Additional information:
Digitalist Group Plc
CEO Magnus Leijonborg, tel. [phone], [e-mail]
Chairman of the Board Esa Matikainen, tel. [phone], [e-mail]

Distribution:
Nasdaq Helsinki Ltd
Major media
https://digitalist.global

 

Attachment

• Digitalist Group Plc’s Business Review Q1 2024