Noreco: New Share Capital Registered Following Conversion of Parts of NOR15
Oslo, 27 February 2023: Reference is made to the Norwegian Energy Company ASA’s (“Noreco” or the “Company”) convertible bond loan with ISIN NO0012780867 (the “NOR15 Bonds”). The Company has received a conversion notice from a bondholder holding NOR15 Bonds for an aggregate amount of USD 132,280, which pursuant to the bond terms are convertible into 2,572 new shares in the Company at a conversion price of USD 51.4307. The share capital increase pertaining to the conversion of the NOR15 Bonds has been registered in the Norwegian Register of Business Enterprises (Nw.: