Result of Subsequent Offering, conversion of Convertible Loan and allocation to primary insiders and large shareholders
Reference is made to the previous stock exchange notices by Solstad Offshore ASA (the "Company") pertaining to the subsequent offering of up to 1,336,973 new shares, each with a par value of NOK 1.00 (the "Offer Shares") at a subscription price of NOK 2.80 per share (the "Subsequent Offering"). Reference is further made to the Company's stock exchange notice of 20 October 2020 at 11:49 CET regarding the issuance of an unsecured and fully subordinated zero-interest convertible loan of NOK 2,810,464 to Aker Capital AS, Hemen Holding Limited and Jarsteinen AS, a company controlled by CEO Lars