Noreco: Proposed Amendments to the NOR13 Subordinated Convertible Bond Terms and Summons for a Written Resolution
Oslo, 8 November 2022: Reference is made to the stock exchange notice published on 10 May 2022 where Norwegian Energy Company ASA ("Noreco" or the "Company") announced the intention to engage with investors to investigate potential measures to simplify and enhance its capital structure. The Company and its advisors have been in close dialogue with the largest bondholders in the USD 165,229,319 2019/2027 convertible bond loan with ISIN NO0010851520 issued by Noreco, which is listed on Oslo Børs (“NOR13” or the “Bonds”). Following these discussions, the Company is pleased to propose