Panoro Energy – Declaration of Dividend In Specie
Oslo, 1 August 2022 – Panoro Energy ASA (“Panoro” or the “Company”) with OSE Ticker: “PEN”) is pleased to announce the declaration of its first dividend (the "Dividend") following recent completion of the transaction to divest its working interest in Offshore Mining Lease no. 113, offshore Nigeria to Petronor E&P ASA ("PetroNor"). Following receipt of 96,577,537 shares in PetroNor as consideration, the Board of Directors has resolved to use its authorisation to approve a dividend in the form of distributing the PetroNor shares. Each Panoro shareholder as at the record date will receive 0.