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    OKEA   NO0010816895

OKEA ASA

(OKEA)
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OKEA : Occurrence of Put Option Event

07/05/2021 | 03:01am EDT

Trondheim 5 July 2021 - OKEA ASA has informed Nordic Trustee AS that an Extraordinary Put Event (the occurrence of 30 June 2021) and consequently also a Put Option Event has occurred (both terms as defined in the relevant bond terms) under the bond issues OKEA02 (with ISIN NO 0010826852) and OKEA03 (with ISIN NO 0010869175), ref.  Clause 10.3 of the relevant bond terms.The notices to the bondholders from Nordic Trustee AS are attached.

For further info please contact:

Birte Norheim, CFO, + 47 952 93 321

Trond Omdal, VP Investor Relations, +47 915 32 578

About OKEA

OKEA ASA is an independent Exploration and Production (E&P) company and operator on the Norwegian Continental Shelf with a current production around 16,000 boepd. OKEA targets profitable production growth within the current portfolio combined with an opportunistic approach to M&A. OKEA ASA is listed on the Oslo Stock Exchange under the ticker "OKEA".

More information on www.okea.no

https://news.cision.com/okea/r/okea-asa---occurrence-of-put-option-event,c3379797

https://mb.cision.com/Main/18168/3379797/1440927.pdf

https://mb.cision.com/Public/18168/3379797/87d9a5bb8548bb96.pdf

https://mb.cision.com/Public/18168/3379797/a0d36159e85308d0.pdf

(c) 2021 Cision. All rights reserved., source Press Releases - English

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Financials
Sales 2021 2 797 M 322 M 322 M
Net income 2021 229 M 26,4 M 26,4 M
Net Debt 2021 618 M 71,2 M 71,2 M
P/E ratio 2021 8,23x
Yield 2021 -
Capitalization 1 885 M 217 M 217 M
EV / Sales 2021 0,89x
EV / Sales 2022 0,44x
Nbr of Employees 207
Free-Float 17,4%
Chart OKEA ASA
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Technical analysis trends OKEA ASA
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 1
Last Close Price 18,30 NOK
Average target price 21,00 NOK
Spread / Average Target 14,8%
EPS Revisions
Managers and Directors
Svein Jakob Liknes Chief Executive Officer
Birte Norheim Chief Financial Officer
Chaiwat Kovavisarach Non-Executive Chairman
Knut Gjertsen Senior Vice President-Project & Technology
Tor Bjerkestrand Senior Vice President-Operations
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