Share capital increase
Stavanger, 16 January 2008: Norwegian Energy Company ASA (OSE:NOR), In a Board of Directors meeting held 16 January 2008, the Board resolved to utilise its authorisation to issue new shares. 94,338 new shares were resolved issued pursuant to the Company's established bonus program for certain employees. The subscription price for each share is NOK 30.
Further, 230,146 new shares were resolved issued as part of the Company's established pension scheme applicable for certain employees of the Company. Under the pension scheme, a certain portion of the pension entitlements is paid out in the form of shares in the Company. The shares to be issued under the pension scheme will be subscribed at a price of NOK 30 per share.
After subscription and registration of the share issues in the Register of Business Enterprises and VPS, the Company's share capital will be NOK 346390410.20, divided into 111,738,842 shares, each having a face value of NOK 3.10.
For further information, please contact:
Scott Kerr, CEO (+47 992 83 890)
Einar Gjelsvik, Vice President Investor Relations (+47 992 83 856)
Scott Kerr, CEO (+47 992 83 890)
Einar Gjelsvik, Vice President Investor Relations (+47 992 83 856)