Notice of annual general meeting 24 May 2017

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Oslo, 3 May 2017: Notice is hereby given that the annual general meeting of Norwegian Energy Company ASA will be held on 24 May 2017 at 12:00 CET at the premises of Advokatfirmaet BA-HR DA, Tjuvholmen allé 16, 0252 Oslo. Please find attached notice of the annual general meeting and attendance/proxy forms. The statement from the Board of Directors regarding salary and other remuneration to senior executives of the Company will be published once this is finished. The documents are also available at www.noreco.com. The notice and the attendance/proxy forms will also be sent to all shareholders with known address.

Contact:

Riulf Rustad, Chair. Tel.: +47 215 15 707

investorrelations@noreco.com

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About Norwegian Energy Company ASA

Noreco is an independent Norwegian oil company. The company's focus is to explore, develop and produce oil and gas in the North Sea region. Since incorporation in 2005, the company has grown through licensing rounds, exploration and acquisitions. Noreco operates in Norway, Denmark and United Kingdom. Noreco is listed on the Oslo Børs (ticker NOR). For further information, please visit: www.noreco.com.

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