NPRO: Equity issue NOK 500 million as part of the financing of the Telegrafen acquisition

The general meeting of Norwegian Property ASA has today resolved to increase the company's equity with NOK 500 million. The new share capital is subscribed by the company's sole shareholder, Geveran Trading Co. Limited.

The issue is part of the refinancing of the existing bonds to Telegrafen Holding AS which was acquired in November.  

Minutes of the extraordinary general meeting and updated articles of association are attached.

Norwegian Property is a focused and fully integrated office property company with properties located mainly in the Oslo area in Norway. The portfolio is characterized by central location and attractive premises with high quality tenants. The group’s properties consist largely of office premises, associated warehousing and car parking, as well as retail and catering space. The company has identified four value drivers for long-term value creation; Marketing & letting, Property management, Property development and Transactions & finance.

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