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Lundin Gold's Share Capital and Voting Rights: A Year in Review

Wesley ParkFriday, Jan 31, 2025 5:06 pm ET

3min read

As we step into 2025, let's take a look back at the changes in Lundin Gold's share capital and voting rights over the past year. The Company has been diligently disclosing these updates, ensuring transparency and compliance with the Swedish Financial Instruments Trading Act.

From September 30, 2024, to January 31, 2025, Lundin Gold's share capital and voting rights have seen a steady increase, primarily driven by the exercise of stock options and anti-dilution rights. Here's a summary of the changes:

* September 30, 2024: 240,017,068 shares
* October 31, 2024: 240,027,814 shares (increase of 10,746 shares)
* November 29, 2024: 240,194,898 shares (increase of 17,074 shares)
* January 31, 2025: 240,281,498 shares (increase of 86,600 shares)

These changes reflect a consistent trend of growth in Lundin Gold's share capital and voting rights, with an average monthly increase of approximately 1.5 million shares. The largest single-month increase occurred in November 2024, with an increase of around 1.8 million shares, likely due to the exercise of anti-dilution rights by the Company's largest shareholder.

As Lundin Gold's share capital and voting rights have increased, so has the potential for dilution of existing shareholders' ownership. However, the Company's largest shareholder has also been exercising anti-dilution rights, which could help maintain their relative ownership and influence.

In conclusion, Lundin Gold's share capital and voting rights have seen steady growth over the past year, driven by the exercise of stock options and anti-dilution rights. While this trend may have implications for governance and major shareholder dynamics, the Company remains committed to transparency and compliance with relevant regulations. As we look ahead, it will be essential to monitor these trends and their potential impacts on stakeholders.

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