Selskapsmeldinger

NorAm Drilling Company AS - Notice of extraordinary general meeting

Company news

2022-09-26 17:10:32

26 September 2022

Reference is made to the announcement of 23 September 2022 by NorAm Drilling Company AS (NorAm" or the "Company"), regarding the completion of a private placement (the "Private Placement"). Subsequent to the Private Placement, the Company intends to list its shares on Euronext Growth Oslo (the "Listing").

The Company hereby call for an extraordinary general meeting (the "EGM") to be held on 3 October 2022 at 10:00 (CET) in order to, inter alia, resolve upon the capital increase in the Private Placement and various other items deemed necessary and relevant in relation to the Listing.

The EGM will be held as a physical meeting at Bryggegata 3, 0250 Oslo.

The EGM notice (together with appendices) is appended to this press release.

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.

About NorAm
NorAm Drilling owns and operates a portfolio of eleven advanced drilling rigs upgraded to maximize drilling efficiency in the Permian Basin in Texas, which is the largest oil producing region in North America. NorAm Drilling has industry leading operating margins, and will be virtually debt free. The company will have a full pay-out dividend strategy, targeting frequent cash distributions in a raising market.

NorAm Drilling has in its 15-year history established a solid foothold in US drilling market, with significant operating experience in Louisiana, New Mexico and Oklahoma but is now primarily focusing on the Permian Basin in Texas, where approximately 60% of the proven reserves in the U.S. are located.

For more information visit www.noramdrilling.com.

NorAm Drilling Company AS - PDMR Notifications Following Private Placement

Company news

2022-09-26 17:07:03

26 September 2022

Reference is made to the announcement of 23 September 2022 by NorAm Drilling Company AS (NorAm" or the "Company"), regarding the completion of a private placement (the "Private Placement").

The Company has received the following notifications from persons discharging managerial responsibilities and their close associates subsequent to the Private Placement:
• Ole B. Hjertaker (through Splendini AS), chair of the Company's board of directors, was allocated a total of 78,500 shares; and
• Marius Furuly, Investor Relations and Strategy Director of the Company, was allocated a total of 13,108 shares.

The notifications concerning subscription in the Private Placement are attached hereto.

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.

About NorAm
NorAm Drilling owns and operates a portfolio of eleven advanced drilling rigs upgraded to maximize drilling efficiency in the Permian Basin in Texas, which is the largest oil producing region in North America. NorAm Drilling has industry leading operating margins, and will be virtually debt free. The Company will have a full pay-out dividend strategy, targeting frequent cash distributions in a raising market.

NorAm Drilling has in its 15-year history established a solid foothold in US drilling market, with significant operating experience in Louisiana, New Mexico and Oklahoma but is now primarily focusing on the Permian Basin in Texas, where approximately 60% of the proven reserves in the U.S. are located.

For more information visit www.noramdrilling.com.

NorAm Drilling Company AS – Private Placement successfully completed

Company news

2022-09-23 22:18:59

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN, HONG KONG OR THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN.

NorAm Drilling Company AS – Private Placement successfully completed

23 September 2022

NorAm Drilling Company AS ("NorAm" or the "Company") refers to the announcement on 22 September 2022, regarding a contemplated private placement (the "Private Placement") of new shares in the Company.

The bookbuilding period for the Private Placement was successfully completed today on 23 September 2022, raising gross proceeds of the NOK equivalent of USD 75 million with a final offer price of NOK 40 per share (the "Offer Price"). The board of directors of the Company (the "Board") has resolved the conditional allocation and issuance of 19,670,000 new shares in the Private Placement (the "Offer Shares"). The Private Placement attracted strong interest from high-quality international institutional investors and was substantially oversubscribed.

The net proceeds from the Private Placement will, in combination with the Company’s available cash balance, be used to redeem the Company’s USD 80 million outstanding bond loan and facilitate significant dividend capacity going forward.

Pre-committing investors and primary insiders
The following pre-committing investors subscribed for and were allocated New Shares in the Private Placement:
• Geveran Trading Co. Ltd., a company indirectly controlled by trusts established by John Fredriksen for the benefit of his family, were allocated a total of 4,917,500 Offer Shares.
• Certain members of the Board and management (directly or indirectly), being primary insiders of the Company, were allocated a total of 91,608 Offer Shares.

Settlement
Notifications of allocation is expected to be sent to investors on 26 September 2022. The Offer Shares is expected to be settled by the Managers on a delivery-versus-payment basis (DvP) towards investors on or about 7 October 2022, subject to inter alia handling time with the Norwegian Register of Business Enterprises (“BRREG”). The Company and each of the Managers have entered into a pre-payment agreement in order to facilitate swift registration of the Offer Shares with the BRREG and the Norwegian Central Securities Depository (being Euronext Securities Oslo) and subsequent delivery of Offer Shares.

Following the issue of the Offer Shares, the Company will have a share capital of NOK 86,124,634 divided into 43,062,317 shares, each with a nominal value of NOK 2.

Listing
The Company has on 22 September 2022 applied for admission to trading of its shares on Euronext Growth Oslo (the "Listing"), a multilateral trading facility operated by Oslo Børs. Subject to approval of the application by Oslo Børs, the first day of trading on Euronext Growth Oslo is currently expected to take place on or about 7 October 2022.

In connection with the Listing, the shares currently trading on Euronext NOTC will be automatically delisted, and last day of trading on Euronext NOTC is expected to be on 6 October 2022.

Completion of the Private Placement
Completion of the Private Placement is subject to (i) the Company’s EGM resolving to allocate and issue the Offer Shares in line with the Board's proposal; (ii) registration of the new share capital pertaining to the Offer Shares in the BRREG; (iii) the issuance of the Offer Shares in Euronext Securities Oslo (formerly known as the VPS); (iv) the Oslo Stock Exchange resolving to approve the Listing; and (v) the pre-funding agreement remaining unmodified and in full force and effect.

The Board has considered the structure of the contemplated Private Placement in light of the equal treatment obligations under the Norwegian Private Limited Companies Act, the Norwegian Securities Trading Act and the rules on equal treatment for companies listed on Euronext Growth Oslo and Oslo Børs' guidelines on the rule of equal treatment, and is of the opinion that the proposed Private Placement is in compliance with these requirements. By structuring the transaction as a private placement, the Company will be in a position to raise capital in an efficient manner, with a lower discount to the current trading price and with significantly lower completion risks compared to a rights issue. In addition, the Private Placement was subject to marketing through a publicly announced bookbuilding process following a period of pre-sounding conducted by the Managers, and a market-based offer price was thus achieved. Further, it is foreseen that a large portion of the Private Placement will be subscribed by investors not currently being shareholders of the Company, which will widen and strengthen the Company's shareholder base. On this basis and based on an assessment of the current equity markets, the Board has considered the Private Placement to be in the common interest of the Company and its shareholders. As a consequence of the private placement structure, the shareholders' preferential rights to subscribe for the Offer Shares will be deviated from.

Stabilization
On behalf of the Managers, a market stabilization agreement (the "Brownshoe Agreement") will be entered into as soon as practicably possible after completion of the Private Placement between Pareto Securities AS (in its capacity as stabilization manager, the "Stabilization Manager"), the Company and Geveran Trading Co. Ltd. (the "Brownshoe Provider"), the Stabilization Manager may (but will be under no obligation to), with a view to support the market price of the shares, engage in stabilization activities during a 30-day period commencing at the time of the Listing (the "Stabilization Period"), through buying shares in the Company on Euronext Growth Oslo, at prices equal to or lower than the Offer Price, up to an amount equal to 10% of the Offer Shares (the "Stabilization Shares").

Pursuant to the Brownshoe Agreement and subject to the conditions therein, the Stabilization Manager has a put option toward the Brownshoe Provider of all Stabilization Shares purchased by the Stabilization Manager in the Stabilization Period at the volume weighted average purchase price.

Advisors
Pareto Securities AS and Fearnley Securities AS are acting as joint global coordinators and joint bookrunners in connection with the Private Placement (the "Managers") and as Euronext Growth Advisors in relation to the Listing.

Advokatfirmaet Schjødt AS is acting as legal advisor to the Company in the Private Placement and Listing and Ro Sommernes advokatfirma DA is acting as legal advisor to the Managers in the Private Placement and Listing.

About NorAm
Through a wholly owned US-based subsidiary, NorAm Drilling owns and operates a high quality portfolio of eleven «Super Spec» advanced drilling rigs in the US market. These rigs have been upgraded to maximize drilling efficiency in the Permian Basin, which is the largest oil producing region in North America. Due to the modern high specification rigs and a track record with high drilling efficiency and safe operation for the customers, NorAm Drilling was among the first land-drilling companies to have all rigs reactivated after the market disruption caused by Covid in 2020.

NorAm Drilling has in its 15-year history established a solid foothold in US drilling market, with significant operating experience in Louisiana, New Mexico and Oklahoma but is now primarily focusing on the Permian Basin in Texas, where approximately 60% of the proven reserves in the U.S is located.

For more information visit www.noramdrilling.com.

***

The information in this announcement is considered to be inside information pursuant to the EU Market Abuse Regulation for SDSD. This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. This stock exchange notice was published by Marius Furuly, Director of Investor Relations and Strategy, on 23 September 2022 at around 22:00 CEST.

Important notice
This announcement is not and does not form a part of any offer to sell, or a solicitation of an offer to purchase, any securities of the Company. Copies of this announcement are not being made and may not be distributed or sent into any jurisdiction in which such distribution would be unlawful or would require registration or other measures.

The securities referred to in this announcement have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), and accordingly may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and in accordance with applicable U.S. state securities laws. The Company does not intend to register any part of the offering in the United States or to conduct a public offering of securities in the United States. Any sale in the United States of the securities mentioned in this announcement will be made solely to "qualified institutional buyers" as defined in Rule 144A under the Securities Act.

In any EEA Member State, this communication is only addressed to and is only directed at qualified investors in that Member State within the meaning of the Prospectus Regulation, i.e., only to investors who can receive the offer without an approved prospectus in such EEA Member State. The expression "Prospectus Regulation" means Regulation (EU) 2017/1129 as amended (together with any applicable implementing measures in any Member State).

This communication is only being distributed to and is only directed at persons in the United Kingdom that are (i) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the "Order") or (ii) high net worth entities, and other persons to whom this announcement may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as "relevant persons"). This communication must not be acted on or relied on by persons who are not relevant persons. Any investment or investment activity to which this communication relates is available only for relevant persons and will be engaged in only with relevant persons. Persons distributing this communication must satisfy themselves that it is lawful to do so.

Matters discussed in this announcement may constitute forward-looking statements. Forward-looking statements are statements that are not historical facts and may be identified by words such as "believe", "expect", "anticipate", "strategy", "intends", "estimate", "will", "may", "continue", "should" and similar expressions. The forward-looking statements in this release are based upon various assumptions, many of which are based, in turn, upon further assumptions. Although the Company believe that these assumptions were reasonable when made, these assumptions are inherently subject to significant known and unknown risks, uncertainties, contingencies and other important factors which are difficult or impossible to predict, and are beyond their control. Actual events may differ significantly from any anticipated development due to a number of factors, including without limitation, changes in public sector investment levels, changes in the general economic, political and market conditions in the markets in which the Company operates, the Company's ability to attract, retain and motivate qualified personnel, changes in the Company's ability to engage in commercially acceptable acquisitions and strategic investments, and changes in laws and regulation and the potential impact of legal proceedings and actions. Such risks, uncertainties, contingencies and other important factors could cause actual events to differ materially from the expectations expressed or implied in this release by such forward-looking statements. The Company does not make any guarantee that the assumptions underlying the forward-looking statements in this announcement are free from errors nor does it accept any responsibility for the future accuracy of the opinions expressed in this announcement or any obligation to update or revise the statements in this announcement to reflect subsequent events. You should not place undue reliance on the forward-looking statements in this announcement.

The information, opinions and forward-looking statements contained in this announcement speak only as at its date, and are subject to change without notice. The Company does not undertake any obligation to review, update, confirm, or to release publicly any revisions to any forward-looking statements to reflect events that occur or circumstances that arise in relation to the content of this announcement.

Neither the Managers nor any of its affiliates makes any representation as to the accuracy or completeness of this announcement and none of them accepts any responsibility for the contents of this announcement or any matters referred to herein.

This announcement is for information purposes only and is not to be relied upon in substitution for the exercise of independent judgment. It is not intended as investment advice and under no circumstances is it to be used or considered as an offer to sell, or a solicitation of an offer to buy any securities or a recommendation to buy or sell any securities of the Company. Neither the Managers nor any of its affiliates accepts any liability arising from the use of this announcement.

The distribution of this announcement and other information may be restricted by law in certain jurisdictions. Persons into whose possession this announcement or such other information should come are required to inform themselves about and to observe any such restrictions.

NorAm Drilling Company AS – Contemplated private placement and admission to trading on Euronext Growth Oslo

Company news

2022-09-22 09:59:44

MENTOR: Melding om aksjehandel

Company news

2022-09-19 15:35:07

Hulda Tronstad har den 19. september 2022 kjøpt 1.000 aksjer i Mentor Medier AS.

Etter transaksjonen eier Hulda Tronstad 19.683 aksjer i Mentor Medier AS. Dette utgjør 0,362 % av aksjekapitalen.

Hulda Tronstad er styremedlem i Mentor Medier AS.

SOIL: Soiltech has been awarded a contract for the treatment of contaminated water offshore Cyprus

Company news

2022-09-16 08:55:17

Soiltech has been awarded a contract for the treatment of contaminated water (slop) onboard a Vantage Drilling drillship working for ENI offshore Cyprus.

Stig H. Christiansen, CEO in Soiltech, comments; “We are proud to support both Vantage Drilling and ENI through this contract, and excited to be introduced to a new geographical market offshore Cyprus. We look forward to applying our industry-leading clean technology and competence to this project, which will lead to more sustainable operations through maximum on-site recycling of water and oil.”

Soiltech’s slop treatment system (“STT”) is an energy efficient and high capacity on-site mechanical technology which treats water contaminated with oil and particles. The treated oil and water may be reused in the drilling process. The STT reduces our client’s environmental footprint and costs by lowering their CO2 emissions through reduced energy usage, onsite treatment and reuse, and reduced transport of volumes to shore. Soiltech’s solutions represent Best Available Technology for treatment of contaminated water, slop and brine.

About Soiltech

Soiltech is an innovative cleantech service provider specializing in the treatment, recycling and responsible handling of contaminated water and solid industrial waste streams. Soiltech’s purpose is to contribute to a sustainable future through the development and application of innovative clean technologies and delivery of cost efficient, safe and low emission solutions and services. The company’s waste management services represent Best Available Technology and includes slop treatment, cuttings handling, swarf removal as well as tank and pit cleaning. Soiltech designs, engineers, builds, owns and operates its units, providing services in close cooperation with the customer on the customer’s site.

Soiltech is headquartered in Norway, has 75 employees, and currently operates in Norway, UK, the Netherlands and Abu Dhabi.

Soiltech is listed on Euronext NOTC in Norway under the ticker SOIL.

MyBank ASA: Caroline Kvam Stokke utnevnt som ny daglig leder i MyBank ASA

Company news

2022-09-16 08:01:01

Styret i MyBank ASA har i dag utnevnt Caroline Kvam Stokke som daglig leder i MyBank ASA. Stokke kommer fra rollen som finansdirektør i MyBank ASA og erstatter Håkon Fure som daglig leder. Finanstilsynet har varslet banken i en foreløpig tilsynsrapport at banken vil kunne bli pålagt å skifte ut daglig leder. Selv om dette er en pågående prosess, har styret og Fure blitt enige om at det er i bankens beste interesse å skifte daglig leder allerede nå. Finanstilsynet har videre varslet at banken kan bli ilagt et overtredelsesgebyr for manglende etterlevelse av hvitvaskingsloven på NOK 4.5 millioner, et midlertidig forhøyet kapitalkrav på NOK 40 millioner samt pålegg om å rette nærmere bestemte forhold. Det midlertidige forhøyede kapitalkravet vil bli dekket av dagens overskuddskapital.

GoodBulk Ltd. (N-OTC: BULK) Announces Financial Results for the Second Quarter Ended 30 June, 2022

Company news

2022-09-15 18:45:19

Hamilton, Bermuda –(15 September, 2022) – GoodBulk Ltd. (“GoodBulk” or the “Company”) (N-OTC: BULK), an owner and operator of dry bulk vessels, today announced its financial results for the second quarter ended 30 June, 2022.

About GoodBulk Ltd.
GoodBulk, incorporated in Bermuda, is an owner and operator of dry bulk vessels formed in October 2016 for the purpose of owning high quality second hand dry bulk vessels between 50,000–210,000 DWT. As of end-August 2022, GoodBulk controlled a fleet of 19 Capesize vessels. Designed to provide an efficient company for investors to access the dry bulk market, all vessels are externally managed by C Transport Maritime S.A.M. a leading third-party manager of dry bulk vessels. GoodBulk is listed on the Norwegian OTC market under the symbol “BULK.” More information can be found online at www.goodbulk.com.

Company contact
John Michael Radziwill
CEO and Chairman
GoodBulk Ltd.
Tel +377 97 98 59 87
Email jmradziwill@goodbulk.com

MENTOR: Melding om aksjehandel

Company news

2022-09-15 16:05:17

Hulda Tronstad har den 15. september 2022 kjøpt 483 aksjer i Mentor Medier AS.

Hulda Tronstad eier etter dette 18.683 aksjer i Mentor Medier AS. Det utgjør 0,343 % av aksjekapitalen.

Hulda Tronstad er styremedlem i Mentor Medier AS.

DDRIL - Dolphin Drilling company presentation

Company news

2022-09-15 11:53:14

Company presentation, Pareto Energy conference 2022

DDRIL: Dolphin Drilling AS is registered on the NOTC-list.

Company news

2022-09-14 16:56:25

Dolphin Drilling AS is registered on the NOTC-list as of 15 September 2022 with ticker code “DDRIL”. The Company has issued 85,737,200 common shares each with a par value NOK 10 all of which are registered in VPS with ISIN code NO0012595950. Based on the last share issue completed on 2 September 2022, the market capitalization of the Company is NOK 996,664,874,-. (NOK 11.62 per share). The Company has entered into an agreement with NOTC AS whereby it will be able to use the reporting system as of 15 September 2022.

Dolphin Drilling is a harsh environment drilling contract who owns and operates 3 harsh environment semi submersible mobile offshore drilling units. The company has a legacy dating back to the 1960's and has performed drilling operations all over the world.

Dolphin Drilling AS (the "Company") has recently carried out a Private Placement (the "Private Placement" or "PP"), as announced here: https://newsweb.oslobors.no/message/570482. against the issuance of consideration shares in the Company to the former shareholders of DDHL (the "Share-Swap").

Please see attached Company Presentation.

Ny aksje: Dolphin Drilling AS (DDRIL)

Corporate actions

2022-09-14 16:49:36

Dolphin Drilling AS (ISIN:NO0012595950, ticker DDRIL) er lagt inn i handelsstøttesystemet

HITV - Halvårsrapport 1H 2022

Company news

2022-09-14 14:42:42

HitecVision konsernets driftsinntekter for første halvår 2022 var NOK 330 millioner med et resultat før skatt på NOK 168 millioner.

Halvårsrapport er vedlagt.

JACK: Extension of contract

Company news

2022-09-12 19:42:46

TotalEnergies EP Denmark ("TotalEnergies") and Jacktel have agreed to extend the time charter contract until June 30, 2024. In addition, Jacktel has granted TotalEnergies an option to extend the time charter beyond June 30, 2024 provided the vessel is available.

As a result of the extension, the parties have agreed to amend certain parts of the compensation model as from January 1, 2023. The revised contract value for the period January 2023 until June 2024 is around USD 53 million.

Jacktel AS is an accommodation provider with a strong track record in providing safe, efficient and reliable accommodation services.

Further questions and inquiries may be directed to:

Bjørn Eie Henriksen, CEO - Macro Offshore Management, +47 941 30 432

Daniel Samuelsen, CFO - Macro Offshore Management, +47 917 58 301

MENTOR: Melding om aksjehandel

Company news

2022-09-09 15:14:28

Hulda Tronstad har den 9. september 2022 kjøpt 400 aksjer i Mentor Medier AS.

Etter transaksjonen eier Hulda Tronstad 18.200 aksjer i Mentor Medier AS. Dette utgjør 0,335 % av aksjekapitalen.

Hulda Tronstad er styremedlem i Mentor Medier AS.

Aprila Bank ASA: Notification of trade

Company news

2022-09-07 16:12:06

Christian Lunde, Chief Credit Officer in Aprila Bank ASA, has on 7 September 2022 purchased 5,819 shares in Aprila Bank ASA. The shares were purchased at NOK 6.75 per share. After the purchase, Christian Lunde holds 24,000 shares in the company, equal to 0.04% of the share capital.

Maritime & Merchant Bank ASA (MMBANK): Notification of trade

Company news

2022-09-07 15:06:21

Halvor Sveen, CEO in the Company, has on September 6th, 2022 purchased 100 shares in Maritime & Merchant Bank ASA. The shares were purchased at NOK 105 per share. After the purchase, Halvor Sveen holds 2,163 shares in the company, equal to 0.03 % of the share capital.

CondAlign: Purchase of own shares

Company news

2022-09-06 14:23:30

OSLO – September 6, 2022: With reference to the AGM resolution May 12, 2022 and Board resolution August 23, 2022 to acquire shares to fulfill obligations under current and future incentive programs the Company has acquired 100,000 own shares at a price of NOK 10.66 per share. The Company after this owns 100,000 own shares.




For more information contact:
Tom Hvammen, CFO
Mail: investor@condalign.no
Mob: +47 414 79 538

Aprila Bank ASA: Notification of trade

Company news

2022-09-06 12:50:20

SES AS, represented in the board by Bertel Steen, has on 6 September 2022 purchased 259,853 shares in Aprila Bank ASA. The shares were purchased at NOK 6.75 per share. After the purchase, SES AS holds 12,250,000 shares in the company, equal to 19.88 % of the share capital.

SOIL: Protocoll from Extraordinar General Meeting held on September 2, 2022

Company news

2022-09-05 15:25:58

Please find attached Protocoll from Extraordinary General meeting held on September 2, 2022.

About Soiltech
Soiltech is an innovative cleantech service provider specializing in the treatment, recycling and responsible handling of contaminated water and solid industrial waste streams. Soiltech’s purpose is to contribute to a sustainable future through the development and application of innovative clean technologies and delivery of cost- efficient, safe and low emission solutions. The Company’s waste management services represent Best Available Technologies and include slop treatment, cuttings handling, swarf removal as well as tank and pit cleaning. Soiltech designs, builds, owns and operates its treatment technologies, providing services in close cooperation with the customer on their sites.

Soiltech is headquartered in Norway, has 75 employees, and operates in Norway, UK, the Netherlands and Abu Dhabi.

Soiltech is listed on Euronext NOTC in Norway under the ticker SOIL.