PetroNor E&P ASA: Issue of Shares
In reference to the announcement released by PetroNor E&P ASA (OSE ticker: PNOR, “PetroNor”) on 13 July 2022 regarding the acquisition of Panoro Energy ASA’s (“Panoro”) indirect interest in Oil Mining Lease no. 113 (“OML-113”) offshore Nigeria.
The Company has issued 96,577,537 ordinary shares (the “Consideration Shares”) representing the upfront consideration to Panoro. The Consideration Shares have been registered with the Norwegian Register of Business Enterprises (Brønnøysundregistrene). Following the registration of the Consideration Shares, PetroNor’s share capital is NOK
1,423,568.54 divided in 1,423,568,543 shares, each with a nominal value of NOK 0.001. There are no unlisted share options in PetroNor.
The Consideration Shares are expected to be available and freely tradeable on the Oslo Børs from 28 July 2022.
This announcement is subject to disclosure pursuant to section 5-12 of the Norwegian Securities Trading Act.
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