Noreco: Specification of Timeline and Settlement Mechanics relating to the Proposed Amendments to the NOR13 Subordinated Convertible Bond Terms
Oslo, 21 November 2022: Reference is made to the stock exchange notices published on 8 November 2022 where Norwegian Energy Company ASA ("Noreco" or the "Company") announced summons for a written resolution (the “Summons”) with proposed amendments to the Company's outstanding USD 165,229,319 2019/2027 convertible bond loan with ISIN NO0010851520 issued by Noreco and listed on Oslo Børs (“NOR13”), and that the written resolution in respect of the NOR13 amendments had been resolved and approved by the Company's bondholders. The amendments to the NOR13 bond terms (“Bond Terms”) pursuant to the