Noreco: New Share Capital Registered Following Conversion of Parts of NOR15

Feb 27, 2023

Oslo, 27 February 2023: Reference is made to the Norwegian Energy Company ASA’s (“Noreco” or the “Company”) convertible bond loan with ISIN NO0012780867 (the “NOR15 Bonds”).

The Company has received a conversion notice from a bondholder holding NOR15 Bonds for an aggregate amount of USD 132,280, which pursuant to the bond terms are convertible into 2,572 new shares in the Company at a conversion price of USD 51.4307.

The share capital increase pertaining to the conversion of the NOR15 Bonds has been registered in the Norwegian Register of Business Enterprises (Nw.: Foretaksregisteret). Following such share capital increase, the Company's share capital is NOK 14,144,636.311498 divided into 26,202,044 shares, each with a nominal value of NOK 0,5398295. 

The new shares pertaining to the share capital increase are expected to be recorded in the VPS and become tradable on the Oslo Stock Exchange later today.


Cathrine Torgersen, EVP Investor Relations & ESG
Phone: + 47 915 28 501