Knox Energy Solutions AS – Signed agreement regarding convertible loan

(Oslo, 17 July 2024) Knox Energy Solutions AS (Knox, OSE: KNOX) has signed an agreement regarding a USD 0.5 million convertible loan with an international investor. The term of the loan is three years and the interest rate is 15% pa (only applied if the loan is not converted).

The strike price is defined by the closing share price on July 16, plus 10%, at NOK 24.2 per share.

The convertible loan is subject only to final documentation.

For further information, please contact:  

Geir Aune, Chairman, ga@knox-energy.com  

About Knox | knox-energy.com 

Knox Energy Solutions AS is an international energy company, with a holding in Rapid Oil Production Ltd. (Rapid), a UK-based oil and gas company backed by a highly experienced board and management team. Knox Energy Solutions AS is listed on Euronext Growth under the ticker KNOX.  

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.