BlueNord: Share Capital Increase Registered Following Conversion of BNOR13 bonds

Source: www.gulfoilandgas.com 12/8/2023, Location: Europe

Reference is made to the BlueNord ASA’s (“BlueNord” or the “Company”) convertible bond loan with ISIN NO0010851520 (the “BNOR13 Bonds”).

The Company has received a conversion notice from a bondholder holding BNOR13 Bonds for an aggregate amount of USD 195,723, which pursuant to the bond terms are convertible into 3,805 new shares in the Company at a conversion price of USD 51.4307.

The share capital increase pertaining to the conversion of the BNOR13 Bonds has today been registered in the Norwegian Register of Business Enterprises (Nw.: Foretaksregisteret). Following such share capital increase, the Company's share capital is NOK 14,146,690.3627455 divided into 26,205,849 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.


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