Selskapsmeldinger

OMAKEN SPORTS: Heroic enters long-term partnership with Red Bull

Company news

2021-10-21 16:01:02

It is with great honor that Heroic today is placing the Red Bull logo on the shoulder of our jersey, amplifying our two brands in the Nordics and international esports universe. The multifaceted partnership represents a strong contribution in cementing Heroic at the very top of global professional esports. The partnership spans over several years and includes both a sponsorship fee and a joint marketing budget for a range of high-impact initiatives.

A 360-degree partnership:
Red Bull has more than thirty years of experience in helping athletes reach their potential. With a long and proud history in sports marketing, Red Bull has proven that they will go as far as it takes to help their athletes and teams achieve their wildest dreams and goals. This is done through networks, facilities and resources around the world, access to leading experts in sports performance, and the ability to tell unique and inspiring stories through their social media platforms. Red Bull has a tradition of collaborating with the best in the world and is extremely ambitious in all their sporting collaborations.

An obvious synergy:
As a new organization with proven world-class performance and big ambitions to keep growing, Heroic is a strong fit with Red Bull’s message of giving wings to people and ideas. At the same time, Red Bull’s and Heroic’s values fit perfectly. Heroic is passionate about winning, but also about inclusion and being role models, summed up in the organization’s slogan ‘#BeHeroic’.

Red Bull on their side have a strong vision to grow the reach and drive positive development in the industry, leveraging their unparalleled position within performance. Several activities are already planned for the partnership including joint travels to Red Bull’s performance centers, tight collaboration around the biggest esports tournaments, and bridging the gap between traditional sports and esports by bringing the biggest global profiles together. Heroic is very excited to be a center piece in Red Bull’s ambitions.

“The partnership with Red Bull substantiates Heroic's position at the top of the international sports elite. Red Bull is a leading global brand with professionalism, a winning mentality and performance at the center, which is in line with our DNA at Heroic. Add the fact that we will be able to use Red Bull's experience, understanding and ambition within esports, and this is a match made in heaven. Red Bull collaborates exclusively with the very best, which is something we are proud to be a part of," says Joachim Haraldsen, CEO of Heroic.

Contacts:

Erik Holm, Chief Marketing Officer at Heroic
erik.holm@heroic.gg
+47 976 52 665

Joachim Harg, Head of Finance and Investor Relations
harg@heroic.gg
+47 911 25 560

OMAKEN SPORTS: Heroic lands a substantial investment to become a long-term member of ESL Pro League, one of the biggest global franchises in esports.

Company news

2021-10-21 11:08:32

After an extensive application process with expressed interest from more than 40 organizations, it is today publicly announced that Omaken Sports AS (through subsidiary Heroic AS) will enter the Louvre Agreement and become a long-term member of the prestigious ESL Pro League (EPL).

EPL is THE premier professional CS:GO league, manifested as an institution in global esports, and kept exclusive to the strongest esports brands in the scene. The franchise has more than 80m followers and three times higher interaction rate than NBA, NHL, and Premier League.

With five years of success, competitive excellence, and a strong growing brand, EPL represents a level of event hosting, commercialization, broadcasting, and marketing expertise that is unparalleled in the esports universe.

At the heart of the Louvre agreement is collaboration and aggregation of commercial potential. This long-term position secures Omaken Sports a solid revenue baseline in the years to come, with high potential upside increasing year-on-year. As a member of EPL, Omaken Sports will receive a share of the revenues coming from large sponsorship-deals, media rights, sales of physical and digital products, and a comprehensive circuit of global arena events.

Joachim Haraldsen, CEO of Omaken Sports says:
“Today marks a huge milestone for our company. Being accepted as a member of EPL is a one-time opportunity for us and cements our position as the only elite esports organization in Norway. This investment represents a cornerstone in our company strategy, and it is way beyond my expectations that we would get here in only 8 months. Among several big tickets we have been working on since February this is definitely a jewel in our crown”.

The Louvre Agreement is already a proven success story and a massive commercial product with incredible outlooks for its member organizations. With high entry barriers and set limitations for total members in the agreement, this is a strong testimony to our position and accomplishments as a company.

We are beyond excited to get started on this long-term collaboration with the world’s largest esports company (ESL) and the biggest organizations in global esports”.

Alexander Inglot, Commissioner of the ESL Pro League says:
“We are pleased to announce Heroic as a new member of the ESL Pro League. Throughout the application process, Heroic as an organization has showcased their high ambitions, strong dedication, and outstanding professionalism. During the short tenure of the new management, they have proven that they are an organization worthy of being among the big names in the global professional esports scene. We are truly excited to collaborate further and strengthen the ESL Pro League”.

About ESL:
Founded in 2000, ESL has been developed into the world’s largest esports company leading the industry across the most popular video games with numerous online and offline competitions. It operates high profile, branded international leagues and tournaments such as ESL One, Intel® Extreme Masters, ESL Pro League and other top tier stadium-size events, as well as ESL National Championships, grassroots amateur cups and matchmaking systems, defining the path from zero to hero as short as possible. With offices all over the world, ESL is leading esports forward on a global scale. ESL is a part of MTG, the leading international digital entertainment group. For more info: https://pro.eslgaming.com/csgo/proleague/

About the Louvre Agreement:
A groundbreaking new agreement between leading CS:GO teams, ESL and DreamHack will govern the setup of Pro League and share of revenues and profits from ESL’s Pro Tour competitions. The teams, representing the top level of professional CS:GO, will also become majority stakeholders in the league with a long-term slot for participation. By partnering with the leading CS:GO teams, the new agreement further establishes the ESL Pro Tour as one of the most valuable properties in the global business of esports. For more info: https://pro.eslgaming.com/csgo/proleague/wp-content/uploads/2020/02/Louvre-Agreement.pdf

Below is a link to a short video (in Norwegian) with our CEO commenting on the exciting news:
https://vimeo.com/637250036/7ff27f808a

Contacts:

Joachim Haraldsen, CEO
joachim@heroic.gg
+47 400 10 113

Joachim Harg, Head of Finance and Investor Relations
harg@heroic.gg
+47 911 25 560

NHST MEDIA GROUP AS- Quarterly report for third quarter 2021

Company news

2021-10-21 08:20:24

*Korrigert* Proptech Group Holding AS: Halvårsrapport 2021 - Positivt nettoresultat og passert 10 milliarder i transaksjonsverdi

Company news

2021-10-20 17:07:53

*Korrigert*

Vedlagt følger halvårsrapport for første halvår 2020 fra Propr AS.

For henvendelser, kontakt:

Kjetil Eriksson
CEO
Tlf: 924 84 086

Karstein Gjersvik
Styreleder
Tlf: 970 33 300

Proptech Group Holding AS: Halvårsrapport 2021 - Positivt nettoresultat og passert 10 milliarder i transaksjonsverdi

Company news

2021-10-20 17:00:02

Vedlagt følger halvårsrapport for første halvår 2020 fra Propr AS.

For henvendelser, kontakt:

Kjetil Eriksson
CEO
Tlf: 924 84 086

Karstein Gjersvik
Styreleder
Tlf: 970 33 300

Gulating Gruppen AS: Notification of trade

Company news

2021-10-20 15:57:41

IKAB AS, a company controlled by board member, Knut Bråthen, has on 8, 18 October 2021, purchased 30000 shares in Gulating Gruppen AS, at an average price of NOK 1.5 per share. After this trade, IKAB AS holds 30000 shares in Gulating Gruppen AS.

RIS Holding AS, a company controlled by CEO and board member, Rolf Ivar Skår, has on 8, 14, 18, 20 October 2021, purchased 36000 shares in Gulating Gruppen AS, at an average price of NOK 1.52 per share. After this trade, RIS Holding AS holds 28413237 shares in Gulating Gruppen AS.

Pepe Holding AS, a company controlled by board member, Daniel Bech Erlandsen, has on 8, 12, 18 October 2021, sold 119000 shares in Gulating Gruppen AS, at an average price of NOK 1.51 per share. After this trade, Pepe Holding AS holds 1976000 shares in Gulating Gruppen AS.

CASTOR : Castor Maritime Inc. Announces the Date of its 2021 Annual General Meeting of Shareholders

Company news

2021-10-20 15:31:25

Castor Maritime Inc. Announces the Date of its 2021 Annual General Meeting of Shareholders

Limassol, Cyprus, October 20, 2021 – Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the “Company”), a diversified global shipping company, announced today that its Board of Directors (the "Board") has scheduled the Company’s 2021 Annual General Meeting of Shareholders (the "Meeting") to be held on November 30, 2021 at 6:00 p.m., local time, at 223 Christodoulou Chatzipavlou Street, Hawaii Royal Gardens, 3036 Limassol, Cyprus. The Board has fixed a record date of October 15, 2021 (the "Record Date") for the determination of the shareholders entitled to receive notice of and to vote at the Meeting or any adjournment thereof.

The Company’s Notice of the Meeting and Proxy Statement will be mailed on or around October 20, 2021 to shareholders of record as of the Record Date and will be furnished to the Securities and Exchange Commission (the "Commission") and available on the Commission's website at www.sec.gov. The proxy material will also be available on the Company’s website at www.castormaritime.com.


About Castor Maritime Inc.

Castor Maritime Inc. is an international provider of shipping transportation services through its ownership of oceangoing cargo vessels.

On a fully delivered basis, Castor will own a fleet of 27 vessels, with an aggregate capacity of 2.3 million dwt, consisting of 1 Capesize, 7 Kamsarmax and 11 Panamax dry bulk vessels, as well as 1 Aframax, 5 Aframax/LR2 and 2 MR1 tankers. Where we refer to information on a “fully delivered basis”, we are referring to such information after giving effect to the successful consummation of our recent vessel acquisitions.

For more information please visit the Company’s website at www.castormaritime.com
Information on our website does not constitute a part of this press release.



Cautionary Statement Regarding Forward-Looking Statements

Matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts. We desire to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and are including this cautionary statement in connection with this safe harbor legislation. The words “believe”, “anticipate”, “intend”, “estimate”, “forecast”, “project”, “plan”, “potential”, “will”, “may”, “should”, “expect”, “pending” and similar expressions identify forward-looking statements. The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, our management’s examination of historical operating trends, data contained in our records and other data available from third parties. Although we believe that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, we cannot assure you that we will achieve or accomplish these expectations, beliefs or projections. We undertake no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise. In addition to these important factors, other important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include general dry bulk and tanker shipping market conditions, including fluctuations in charter hire rates and vessel values, the strength of world economies the stability of Europe and the Euro, fluctuations in interest rates and foreign exchange rates, changes in demand in the dry bulk and tanker shipping industry, including the market for our vessels, changes in our operating expenses, including bunker prices, dry docking and insurance costs, changes in governmental rules and regulations or actions taken by regulatory authorities, potential liability from pending or future litigation, general domestic and international political conditions, potential disruption of shipping routes due to accidents or political events, the length and severity of the COVID-19 outbreak, the impact of public health threats and outbreaks of other highly communicable diseases, the impact of the expected discontinuance of LIBOR after 2021 on interest rates of our debt that reference LIBOR, the availability of financing and refinancing and grow our business, vessel breakdowns and instances of off-hire, potential exposure or loss from investment in derivative instruments, potential conflicts of interest involving our Chief Executive Officer, his family and other members of our senior management, and our ability to complete acquisition transactions as planned. Please see our filings with the Securities and Exchange Commission for a more complete discussion of these and other risks and uncertainties. The information set forth herein speaks only as of the date hereof, and we disclaim any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this communication.

CONTACT DETAILS
For further information please contact:

Petros Panagiotidis
Castor Maritime Inc.
Email: ir@castormaritime.com

Media Contact:
Kevin Karlis
Capital Link
Email: castormaritime@capitallink.com

SOIL: Soiltech AS is registered on the NOTC-list

Company news

2021-10-19 16:57:53

Soiltech AS is registered on the NOTC-list as of 20 October 2021 with ticker code “SOIL”. The company has issued 7 200 430 shares each with a par value NOK 0.10, all of which are registered in the VPS with ISIN code NO 0010713571. Based on the last trading price of NOK 45.00 (23 September 2021) the market capitalization is NOK 324,019,350. The company has entered into an agreement whereby it will be able to use the reporting system as of 20 October 2021.

Soiltech is an innovative cleantech service provider specializing in treating, recycling and responsible handling of contaminated water and solid industrial waste streams. As a leading provider of on-site treatment and recovery of oil contaminated drilling waste, Soiltech is evaluating applying its technologies, knowhow and engineering across other industries battling contaminated waste streams.

By treating waste streams efficiently on site, Soiltech’s technologies and operations enable customers world-wide to reduce and recycle 90% of their waste streams, reducing direct and indirect emissions and curbing cost. Soiltech’s innovative technologies meet the most challenging standards and environmental regulations while operating cost efficiently. We design, engineer, build, own and operate our on-site operative units, providing our services in close cooperation with our customers and their site operations.

Combining proven and new technologies, industrial capabilities, experienced management, engineering, and R&D resources with established revenue streams from numerous operations today, puts Soiltech in a unique position among existing and up-and-coming cleantech service providers. The company is backed by a solid base of financial and industrial investors.

Please see attached Company Presentation

Ny aksje: Soiltech AS (SOIL)

Corporate actions

2021-10-19 16:50:55

Soiltech AS (ISIN:NO0010713571, ticker SOIL) er lagt inn i handelsstøttesystemet

GULATING - Company News

Company news

2021-10-18 14:18:38

Gulating Gruppen has entered into a purchase and delivery agreement with ODA; formerly kolonial.no.
Craft beers will be supplied to Gulatings subsidiary Guleng.

For more information contact :
Rolf Ivar Skår
9959501
rolf@gulatinggruppen.no

Endring av aksje: Gulating Gruppen AS (GULATING)

Corporate actions

2021-10-18 14:17:10

Det er foretatt endringer i Gulating Gruppen AS (ISIN:NO0011019101, ticker GULATING). Aksjebeholdningen er redusert fra 70 670 910 til 68 103 549.

Aprila Bank ASA: Notification of trade

Company news

2021-10-15 19:19:51

Halvor Lande, CEO of Aprila, has on 15 October 2021 purchased 40,000 shares in Aprila Bank ASA. The shares were purchased at NOK 5.20 per share. After the purchase Halvor Lande holds 210,539 shares in the company.

Knut Asbjørnsen, Head of Sales in Aprila, has on 15 October 2021 purchased 35,000 shares in Aprila Bank ASA. The shares were purchased at NOK 5.20 per share. After the purchase Knut Asbjørnsen holds 164,369 shares in the company.

Primera AS, a company controlled by Chief Growth Officer Per Christian Goller, has on 15 October purchased 10,000 shares in Aprila Bank ASA. The shares were purchased at NOK 5.20 per share. After the purchase Primera AS holds 1,650,000 shares in the company.

Disruptor AS, a company controlled by Chief Product & Technology Officer Israr Khan, has on 15 October purchased 10,000 shares in Aprila Bank ASA. The shares were purchased at NOK 5.20 per share. After the purchase Disruptor AS holds 740,000 shares in the company.

Endring av aksje: Himalaya Shipping Ltd (HSHIP)

Corporate actions

2021-10-15 11:31:20

Det er foretatt endringer i Himalaya Shipping Ltd (ISIN:BMG4660A1036, ticker HSHIP). Aksjebeholdningen er øket fra 25 010 000 til 32 152 857. Emisjonsverdien er øket fra 660 514 100 til 1 899 590 791.

Aprila Bank ASA: Operational and financial update Q3 2021

Company news

2021-10-15 08:05:52

Aprila’s gross income from lending reached NOK 16.9 million in the third quarter, an increase of 187% compared to Q3 20 and 22% compared to Q2 21. Monthly gross income from lending came in at an all-time high of NOK 6.1 million in September, corresponding to an annual run-rate of NOK 73 million.

Losses in the quarter amounted to NOK 3.4 million, corresponding to 20% of gross income from lending. Aprila expects losses to average around 25% of gross income from lending over time.

Net profit after taxes improved by NOK 1.9 million from Q2 21 to NOK -5.4 million, which is Aprila’s best quarterly result to date. Aprila expects to be profitable from Q2 22.

Gross loans amounted to NOK 292 million at the end of the quarter, an increase of 143% compared to Q3 20 and 15% compared to the end of Q2 21. The growth in lending balance is currently accelerating as a result of high customer demand, and gross loans surpassed NOK 300 million on October 10th 2021.

Credit line is Aprila’s fastest growing product, and currently represents 80% of the total lending balance. Customer application volumes are high and increasing. In September Aprila received well over 1,000 credit line applications, which was 60% higher than in August, and 46% higher than the previous all-time-high of June 2021.

The pilot agreement where DNB will offer Aprila Credit Line to SMEs through DNBs channels went live with the first stage of the pilot at the end of Q3 21. The cooperation has come off to a good start and Aprila has onboarded and provided credit lines to an undisclosed number of DNB customers. Aprila expects DNB to make Aprila Credit Line widely available in its digital channels for relevant DNB SME customers in the coming months.

Unit economics continue to improve as a result of increasing automation and larger share of customers coming directly to Aprila. The gross profit margin before loan losses increased from 73% in Q2 21 to 77% in Q3 21.

As a result of attractive unit economics, strong customer demand, and validated product/market fit, Aprila expects to reach C/I ratio of <35%, return of equity >30%, and net income > NOK 100 million in 2024.

By the end of Q3 21 Aprila held NOK 84.2 million in equity and had a CET1 ratio well above the regulatory requirement.

Aprila’s Q3 21 presentation will be held on Friday 12 November.

***
Contact person at Aprila Bank ASA:
Kjetil S. Barli, CFO
+47 908 42 016
kjetil@aprila.no

=== About Aprila Bank ASA ===
Aprila is a product and technology company offering innovative financial solutions to small and medium sized businesses. Aprila’s API-based technology platform is connected to around 130,000 SMEs through partnership agreements with leading cloud-based ERP and accounting system providers.

Himalaya Shipping Ltd – Completion of share capital increase

Company news

2021-10-15 08:01:46

NOT FOR DISTRIBUTION OR RELEASE, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA (INCLUDING ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES OF AMERICA AND THE DISTRICT OF COLUMBIA) (THE "UNITED STATES"), AUSTRALIA, CANADA, THE HONG KONG SPECIAL ADMINISTRATIVE REGION OF THE PEOPLE'S REPUBLIC OF CHINA OR JAPAN, OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL.

Himalaya Shipping Ltd: Completion of share capital increase

Oslo, 15 October 2021: Reference is made to the announcement by Himalaya Shipping Ltd (“Himalaya” or the “Company”) on 11 October 2021 regarding completion of the USD 50 million private placement (the “Private Placement”).

The Company has completed the issue of the 7,142,857 common shares pursuant to the board resolution made on 10 October 2021. The allocated shares are expected to be delivered to investors during the course of today. Further, the shares allocated to subscribers in the Private Placement are now tradeable on Euronext NOTC.

Following the issue of the Private Placement shares, the Company has a total outstanding share capital of 32,152,857 common shares, each with a par value of USD 1.00.

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

Important notice:
These materials do not constitute or form a part of any offer of securities for sale or a solicitation of an offer to purchase securities of the Company in the United States or any other jurisdiction. The securities of the Company may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act"). The securities of the Company have not been, and will not be, registered under the U.S. Securities Act. Any sale in the United States of the securities mentioned in this communication will be made solely to "qualified institutional buyers" as defined in Rule 144A under the U.S. Securities Act. No public offering of the securities will be made in the United States.
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 EU Prospectus Regulation, i.e., only to investors who can receive the offer without an approved prospectus in such EEA Member State. The expression "EU Prospectus Regulation" means Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017 (together with any applicable implementing measures in any Member State).
In the United Kingdom, this communication is only addressed to and is only directed at Qualified Investors who (i) are 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) are persons falling within Article 49(2)(a) to (d) of the Order (high net worth companies, unincorporated associations, etc.) (all such persons together being referred to as "Relevant Persons"). These materials are directed only at Relevant Persons and must not be acted on or relied on by persons who are not Relevant Persons. Any investment or investment activity to which this announcement relates is available only to 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.
This statement contains certain forward-looking statements (as such defined in Section 21E of the U.S. Securities Exchange Act of 1934, as amended) concerning future events, including possible issuance of equity securities of the Company. Forward-looking statements are statements that are not historical facts and may be identified by words such as "anticipate", "believe", "continue", "estimate", "expect", "intends", "may", "should", "will" 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 believes 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 its control. Such risks, uncertainties, contingencies and other important factors, include, but are not limited to, the possibility that the Company will determine not to, or be unable to, issue any equity securities, and could cause actual events to differ materially from the expectations expressed or implied in this release by such forward-looking statements. The information, opinions and forward-looking statements contained in this announcement speak only as at its date, and are subject to change without notice.
This announcement is made by and, and is the responsibility of, the Company. The Managers are acting exclusively for the Company and no one else and will not be responsible to anyone other than the Company for providing the protections afforded to their respective clients, or for advice in relation to the contents of this announcement or any of the matters referred to herein. Neither the Managers nor any of their respective 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. 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 their respective affiliates accepts any liability arising from the use of this announcement.
Each of the Company, the Managers and their respective affiliates expressly disclaims any obligation or undertaking to update, review or revise any statement contained in this announcement whether as a result of new information, future developments or otherwise.
The Private Placement may be influenced by a range of circumstances, such as market conditions, and there is no guarantee that the Private Placement will proceed and that the Listing will occur.
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. Specifically, neither this announcement nor the information contained herein is for publication, distribution or release, in whole or in part, directly or indirectly, in or into or from the United States (including its territories and possessions, any State of the United States and the District of Columbia), Australia, Canada, Hong Kong Japan or any other jurisdiction where to do so would constitute a violation of the relevant laws of such jurisdiction. The publication, distribution or release of this announcement may be restricted by law in certain jurisdictions and persons into whose possession any document or other information referred to herein comes should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.

Endring av aksje: EDEA Holding AS (EDEA)

Corporate actions

2021-10-14 16:11:31

Det er foretatt endringer i EDEA Holding AS (ISIN:NO0010893886, ticker EDEA). Aksjebeholdningen er øket fra 6 399 800 til 6 438 580.

Commercial Update

Company news

2021-10-13 15:40:01

FLNG Hilli Hedged part of TTF linked production for Q1 2022:

Golar is pleased to announce that it has entered into swap arrangements to hedge part of its TTF price exposure for the incremental 0.2 MTPA train 3 production for Q1 2022 at a TTF price of $28/MMBtu. With TTF gas prices averaging $28/MMBtu during Q1 2022, the additional capacity utilization is expected to realize $21.2 million of Net Income to Golar for the quarter. This implies a gross tolling fee of $11.4/MMBtu for the incremental production. For each $1.00/MMBtu change in TTF, Net Income realized by Golar will increase (or decrease) by $0.4 million for unhedged volumes during Q1 2022.

Golar is also realizing increased Net Income from the Brent link component of production from trains 1 and 2. Golars realized share of Net Income increases by $2.7m for every $1/bbl that Brent is above $60/bbl. Assuming the current oil price of approximately $83/bbl for 2022, Net Income realized from the oil derivative will be approximately $15.5m for Q1 2022 or $62m for the full year.

Shipping:

Golar has recently secured a 1-year fixed time charter for one of its carriers. This will generate approximately $36.5 million of revenue. The seasonal and cyclical strength of the LNG carrier segment remains encouraging. Increasing price arbitrages between LNG trading basins is driving up LNG freight rates in the short term. Increasing demand for LNG freight together with new environmental regulations impacting effective supply of LNG carriers from 2023 add support to the medium and long-term outlook. Charterers are increasingly looking for longer term charters to secure shipping availability.  

About Golar

Golar LNG is one of the world's most innovative and experienced independent owners and operators of marine LNG infrastructure. The company developed the world's first Floating LNG liquefaction terminal (FLNG) and Floating Storage and Regasification Unit (FSRU) projects based on the conversion of existing LNG carriers. Front End Engineering and Design (FEED) studies have also been completed for a larger newbuild FLNG solution.

FORWARD LOOKING STATEMENTS

This press release contains forward-looking statements (as defined in Section 21E of the Securities Exchange Act of 1934, as amended) which reflects managements current expectations, estimates and projections about its operations. All statements, other than statements of historical facts, that address activities and events that will, should, could or may occur in the future are forward-looking statements. Words such as may, could, should, would, expect, plan, anticipate, intend, forecast, believe, estimate, predict, propose, potential, continue, or the negative of these terms and similar expressions are intended to identify such forward-looking statements.

These statements are not guarantees of future performance and are subject to certain risks, uncertainties and other factors, some of which are beyond our control and are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Golar LNG Limited undertakes no obligation to update publicly any forward-looking statements whether as a result of new information, future events or otherwise, unless required by applicable law.

Hamilton, Bermuda

October 13, 2021

Enquiries:

Golar Management Limited: + 44 207 063 7900

Karl Fredrik Staubo - CEO

Eduardo Maranhão - CFO

Stuart Buchanan - Head of Investor Relations

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

CO2 Capsol: Completed a NOK 55 million private placement to accelerate growth - Board approval to initiate process to apply for listing on Euronext Growth

Company news

2021-10-12 06:56:06

Oslo, Norway - 12 October 2021

The Board of Directors of CO2 Capsol AS (CO2 Capsol) has approved a private placement of NOK 55 million.

«We see strong interest from industrial and financial players regarding both the Company and our technology, the latter being chosen by the largest bio-CSS (Bio Energy Carbon Capture and Storage) plant in Scandinavia making Stockholm the first carbon neutral capital in the world. This selection and the subsequent agreement with Petrofac have been very well received by the market and is seen as a de-risking of our offering», says CEO Jan Kielland of CO2 Capsol.


Acceleration of future growth

In addition to increased interest for the offering from large scale onshore emitters, new business opportunities emerge, and the Company is working to offer modularized test units (container size) to project owners to accelerate investment decisions to install full scale CCS plants. The target for the test unit program is to become operational in the 2nd half of 2022.

«We also see new opportunities within both the offshore and shipping industries, after receiving several enquiries from various industrial players. We see these possibilities as very attractive and combining them with strict capital discipline and a good decision process, it will result in an acceleration of future growth plans», says Jan Kielland.


Private placement of NOK 55 million successfully completed

The Company has completed a private placement of NOK 55 million at a share price of NOK 11, of which NOK 40 million in an equity issue and NOK 15 million in secondary shares.

In connection with this private placement, all 5 million warrants issued to founding shareholders in the previous private placement of in December 2020 will be exercised. In addition, there are 9.4 million warrants outstanding at strike prices of NOK 3.63 and 4.04 (in about equal shares) with maturity of 31st December 2021, or 30 days following the announcement of a license agreement, respectively.

Fully diluted number of shares, post the equity issue, will be 54 million. If all warrants are exercised, the company will have a cash position of about NOK 100 million and no interest-bearing debt.
As a cornerstone investor, Carbon Transition ASA has subscribed and been allocated NOK 40 million in the private placement. Carbon Transition ASA is listed on the Oslo Stock Exchange under the ticker code CARBN.

«We consider CO2 Capsol to be among the most exciting companies within the sustainable/ESG-space. The strategy of Carbon Transition is to invest in companies with unique and demonstrated technology which contributes to reduced CO2 emissions and have a global potential. All these parameters are ticked by CO2 Capsol as their patented carbon capture technology is both proven and well suited for large emitters, which makes the potential of CO2 Capsol vast on a global scale. With the recent agreement with Petrofac, the company has also taken a very important step in being able to realize its full potential. The added liquidity from Carbon Transition will further enable CO2 Capsol to grow their business and we look forward to a long and fruitful partnership», says Gisle Grønlie, Chairman of Carbon Transition.

Other investors participating in the private placement include Altitude Capital AS, Kristian Falnes AS and Redback AS.

As a result of the transaction, key shareholders will increase their combined shareholding with 2.3 million shares. Jan Kielland, CEO, through his 100% owned company SEOTO AS will both sell shares in the secondary tranche and exercise warrants and options (on shares currently held by Einar Lange). Consequently, SEOTO’s number of outstanding shares will increase from 3.7 million to 5.2 million, representing 9.6% of total number of shares on a diluted basis. Other key shareholders selling shares and exercising warrants are Oppkuven AS (100% controlled by Endre Ording Sund) and companies controlled by Einar Chr. Lange. Following the transaction, Oppkuven AS will maintain number of outstanding shares of 1.8 million, while companies controlled by Einar Chr. Lange will increase its number of outstanding shares from 10.0 million to 10.8 million.

SpareBank 1 Markets acts as financial advisor and has assisted the Company in the private placement. Kluge Advokatfirma acts as legal advisor for CO2 Capsol.


Board Approval to initiate process to apply for listing on Euronext Growth

As a consequence of the high increase in business activity, combined with stronger investor interest for the company, the Board of CO2 Capsol has decided to initiate a process of applying for listing on Euronext Growth within the end of Q4 2021.


For further information, please contact:

Jan Kielland
CEO
CO2 Capsol AS
+47 415 69 974
jan.kielland@co2capsol.com
www.co2capsol.com


About CO2 Capsol

Carbon capture, utilisation and storage (CCUS) is crucial to achieving net zero emissions of greenhouse gases by 2050. CO2 Capsol´s carbon capture technology is an essential part in a successful clean energy transition. Carbon capture contributes both to directly reducing emissions in critical economic sectors and to remove CO2 from facilities such as Waste-to-Energy (WtE) and biomass power plants - so-called negative CO2 emissions. Negative CO2 emissions will be essential in compensating for hard to abate emission sources. CO2 Capsol is proud to be part of the solution for a sustainable future.

CO2 Capsol has a very competitive technology protected by IP rights. The base case revenue model is to license out patents. The Company negotiate directly with project owners or participate by collaboration with industrial players.

The Company has an agreement with Petrofac, a leading international services provider to the energy industry, to collaborate across industrial power generation carbon capture projects worldwide. The first contract awarded is with Stockholm Exergi, who is building the largest bio-CCS (Bio-Energy Carbon Capture and Storage) plant in Scandinavia. The FEED study at Stockholm Exergi will be based on CO2 Capsol’s Hot Potassium Carbonate (HPC) technology for capturing CO2.

CO2 Capsol is quoted on Euronext NOTC in Oslo (symbol: CAPSOL).

For additional information, please refer to the CO2 Capsol’s website at www.co2capsol.com

CO2 Capsol: Completed a NOK 55 million private placement to accelerate growth - Board approval to initiate process to apply for listing on Euronext Growth

Company news

2021-10-12 06:51:05

Oslo, Norway - 12 October 2021

The Board of Directors of CO2 Capsol AS (CO2 Capsol) has approved a private placement of NOK 55 million.

«We see strong interest from industrial and financial players regarding both the Company and our technology, the latter being chosen by the largest bio-CSS (Bio Energy Carbon Capture and Storage) plant in Scandinavia making Stockholm the first carbon neutral capital in the world. This selection and the subsequent agreement with Petrofac have been very well received by the market and is seen as a de-risking of our offering», says CEO Jan Kielland of CO2 Capsol.


Acceleration of future growth

In addition to increased interest for the offering from large scale onshore emitters, new business opportunities emerge, and the Company is working to offer modularized test units (container size) to project owners to accelerate investment decisions to install full scale CCS plants. The target for the test unit program is to become operational in the 2nd half of 2022.

«We also see new opportunities within both the offshore and shipping industries, after receiving several enquiries from various industrial players. We see these possibilities as very attractive and combining them with strict capital discipline and a good decision process, it will result in an acceleration of future growth plans», says Jan Kielland.


Private placement of NOK 55 million successfully completed

The Company has completed a private placement of NOK 55 million at a share price of NOK 11, of which NOK 40 million in an equity issue and NOK 15 million in secondary shares.

In connection with this private placement, all 5 million warrants issued to founding shareholders in the previous private placement of in December 2020 will be exercised. In addition, there are 9.4 million warrants outstanding at strike prices of NOK 3.63 and 4.04 (in about equal shares) with maturity of 31st December 2021, or 30 days following the announcement of a license agreement, respectively.

Fully diluted number of shares, post the equity issue, will be 54 million. If all warrants are exercised, the company will have a cash position of about NOK 100 million and no interest-bearing debt.

As a cornerstone investor, Carbon Transition ASA has subscribed and been allocated NOK 40 million in the private placement. Carbon Transition ASA is listed on the Oslo Stock Exchange under the ticker code CARBN.

«We consider CO2 Capsol to be among the most exciting companies within the sustainable/ESG-space. The strategy of Carbon Transition is to invest in companies with unique and demonstrated technology which contributes to reduced CO2 emissions and have a global potential. All these parameters are ticked by CO2 Capsol as their patented carbon capture technology is both proven and well suited for large emitters, which makes the potential of CO2 Capsol vast on a global scale. With the recent agreement with Petrofac, the company has also taken a very important step in being able to realize its full potential. The added liquidity from Carbon Transition will further enable CO2 Capsol to grow their business and we look forward to a long and fruitful partnership», says Gisle Grønlie, Chairman of Carbon Transition.

Other investors participating in the private placement include Altitude Capital AS, Kristian Falnes AS and Redback AS.

As a result of the transaction, key shareholders will increase their combined shareholding with 2.3 million shares. Jan Kielland, CEO, through his 100% owned company SEOTO AS will both sell shares in the secondary tranche and exercise warrants and options (on shares currently held by Einar Lange). Consequently, SEOTO’s number of outstanding shares will increase from 3.7 million to 5.2 million, representing 9.6% of total number of shares on a diluted basis. Other key shareholders selling shares and exercising warrants are Oppkuven AS (100% controlled by Endre Ording Sund) and companies controlled by Einar Chr. Lange. Following the transaction, Oppkuven AS will maintain number of outstanding shares of 1.8 million, while companies controlled by Einar Chr. Lange will increase its number of outstanding shares from 10.0 million to 10.8 million.

SpareBank 1 Markets acts as financial advisor and has assisted the Company in the private placement. Kluge Advokatfirma acts as legal advisor for CO2 Capsol.


Board Approval to initiate process to apply for listing on Euronext Growth

As a consequence of the high increase in business activity, combined with stronger investor interest for the company, the Board of CO2 Capsol has decided to initiate a process of applying for listing on Euronext Growth within the end of Q4 2021.


For further information, please contact:

Jan Kielland
CEO
CO2 Capsol AS
+47 415 69 974
jan.kielland@co2capsol.com
www.co2capsol.com


About CO2 Capsol

Carbon capture, utilisation and storage (CCUS) is crucial to achieving net zero emissions of greenhouse gases by 2050. CO2 Capsol´s carbon capture technology is an essential part in a successful clean energy transition. Carbon capture contributes both to directly reducing emissions in critical economic sectors and to remove CO2 from facilities such as Waste-to-Energy (WtE) and biomass power plants - so-called negative CO2 emissions. Negative CO2 emissions will be essential in compensating for hard to abate emission sources. CO2 Capsol is proud to be part of the solution for a sustainable future.

CO2 Capsol has a very competitive technology protected by IP rights. The base case revenue model is to license out patents. The Company negotiate directly with project owners or participate by collaboration with industrial players.

The Company has an agreement with Petrofac, a leading international services provider to the energy industry, to collaborate across industrial power generation carbon capture projects worldwide. The first contract awarded is with Stockholm Exergi, who is building the largest bio-CCS (Bio-Energy Carbon Capture and Storage) plant in Scandinavia. The FEED study at Stockholm Exergi will be based on CO2 Capsol’s Hot Potassium Carbonate (HPC) technology for capturing CO2.

CO2 Capsol is quoted on Euronext NOTC in Oslo (symbol: CAPSOL).

For additional information, please refer to the CO2 Capsol’s website at www.co2capsol.com

GFjord Invest AS - ANNUAL GENERAL MEETING 13 OCTOBER 2021 AT 1500 CET

Company news

2021-10-11 11:43:41

GFjord Invest AS invite to Annual General Meeting 13 October 2021 at 1500 CET.

Please find attached the Notice for the AGM and Annual Audited Accounts for 2020. (The same documentation is sent to all registered owners per mail or E - mail on October 5th.)



THE MEETING WILL BE CONDUCTED ON TEAMS. IN ORDER TO PROVIDE YOU WITH CALL IN DETAILS, PLEASE NOTIFY US PER EMAIL AND WE WILL SEND RELEVANT INFORMATION TO ALL PARTICIPANTS.

PLEASE SEND TO

OYVIND.M@FINANCERESOURCES.NO