Recalculation of conversion price

In the conditions of Crown Energy AB (publ)’s convertible bonds, KV1 2013/2016, a recalculation of the conversion price must be done in the event the Company issues new shares with preferential rights for all shareholders. 

In view of the rights issue completed in Crown Energy AB during the summer of 2015, the conversion price of the convertible bond KV1 2013/2016 has been recalculated from 10.00 SEK to 9.96 SEK, according to the formula set forth in section 11C in the convertible bond conditions. The conditions can be found in the prospectus for the invitation to subscribe for convertible bonds, released on April 2, 2013. The calculation has been performed by Aqurat Fondkommission AB.

Conversion requests can be made next time during 1-31 December 2015. The last conversion period is between 1-31 March in 2016.

Other

Crown Energy also want to inform that the Company has decided to change the date for the publication of the interim report for the period January – September 2015 to the 11 November 2015 from previously 13 November 2015. 

Crown Energy AB (publ) discloses above information pursuant to the Swedish Securities Market Act and/or the Swedish Financial Instruments Trading Act. The information was released for publication on September 11, 2015, 2:30 PM.

 

MORE INFORMATION

Please contact Andreas Forssell, CEO, Crown Energy AB

+46 8 120 66 150

+46 760 15 15 95

ABOUT CROWN ENERGY

Crown Energy is an international oil and gas company engaged in exploration in Africa and Middle East. Growth is created by developing assets in early stages and then maximising value by introducing appropriate industry partners in the development and production stages. For more information please visit www.crownenergy.se.

About Us

Crown Energy is an international group providing customised solutions for housing, offices and associated services, as well as oil and gas exploration in Africa and the Middle East.