Noreco - New Share Capital Registered Following Conversion of Parts of Convertible Bond
Oslo, 16 August 2022: Reference is made to the Norwegian Energy Company ASA’s (“Noreco” or the “Company”) convertible bond loan with ISIN NO 0010851520 (the “NOR13 Bonds”) issued on 26 July 2019. The Company has received two conversion notices from bondholders holding NOR13 Bonds for USD 318,900 and USD 800,000, respectively, which pursuant to the bond terms are convertible into, respectively, 11,006 and 27,611 new shares, representing a total of 38,617 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