Reference is made to
The new shares are currently placed under a separate ISIN and are not admitted to trading on
To provide the 15 million initial loan shares under the SLA, the Company's issued share capital has been increased by
The subsequent 10 million loan shares to be made available under the SLA will be made available subject to approval from a special general meeting of the Company scheduled
The loan shares will be held in treasury and cancelled upon redelivery. Redelivery may occur by repayment of the Convertible Bonds or decrease in the demand for hedging shares for other reasons, or expiry of the SLA.
This announcement does not constitute an offer of securities for sale in
This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.
Forward looking statements
This press release includes forward looking statements, which do not reflect historical facts and may be identified by words such as "expect", "will" and similar expressions and include statements relating to newly issued shares, the SLA and loan shares and other non-historical statements. These forward-looking statements reflect the Company's beliefs, intentions and current expectations. Such forward-looking statements are subject to risks, uncertainties, contingencies and other factors could cause actual events to differ materially from the expectations expressed or implied by the forward-looking statements included herein, and other risks and uncertainties described in the section entitled "Risk Factors" in our most recent annual report on Form 20-F and other filings with the
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