Noreco - New Share Capital Registered Following Conversion of Parts of NOR13
Oslo, 27 January 2023: Reference is made to the Norwegian Energy Company ASA’s ("Noreco" or the “Company”) convertible bond loan with ISIN NO 0010851520 (the “NOR13 Bonds”) and the proposed amendments to NOR13 as announced inter alia on 8 November 2022 (the "NOR13 Amendments"), including conversions of NOR13 Bonds prior to implementation of the NOR13 Amendments. The Company has received conversion notices from bondholders holding NOR13 Bonds for an aggregate amount of USD 14,227,375, which pursuant to the bond terms are convertible into 491,048 new shares in the Company at a