NPRO: Increase of share capital

The general meeting of Norwegian Property ASA (NPRO) has resolved to increase the equity in NPRO through a share capital increase with a total contribution of NOK 500 million. All new shares have been subscribed for by Geveran Trading Co. Limited.

As previously communicated, we work continuously to optimize our capital structure, and the issue is a confirmation of this. The issue is related to the takeover of Martin Linges vei 33.

Minutes from 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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