Noreco – New Share Capital Registered Following Conversion of Parts of Convertible Bond
Oslo, 5 May 2022: Reference is made to the Norwegian Energy Company ASA ("Noreco" or the “Company”) convertible bond loan with ISIN NO 0010851520 (the “NOR 13 Bonds”) issued 26 July 2019. The Company has received conversion notice from bondholder holding NOR13 Bonds for USD 500,000, which pursuant to the bond terms are convertible into 17,257 new shares in the Company at a conversion price of USD 28.9734. Following the conversion, the Company has NOR13 Bonds in issue in the nominal amount of USD [191,399,166]. The Company’s share capital is increased by NOK 172,570.009243 by