NOR13 - Adjustment of conversion price

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Reference is made to the stock exchange release of Norwegian Energy Company ASA (“Noreco” or the "Company") dated 23 January 2020 where Noreco announced the buyback of 299,925 shares at a price of NOK 242 per share. 


As a result of the buyback, the conversion price for the NOR13 subordinated convertible bond issue (ISIN NO0010851520) will be adjusted in accordance with the bond terms, from USD 29.3398 to USD 28.9734, effective 23 January 2020, which is the trade date of the purchase of the shares. 


Further information from Nordic Trustee AS is to be found attached.




About Norwegian Energy Company ASA

Noreco is a publicly owned company with focus on the oil, gas and offshore industry. The company's shares are listed on the Oslo Stock Exchange (ticker NOR). For further information, please visit:


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