Selskapsmeldinger

Ecoteq Energy ASA: Summons convening an Annual General Meeting on the 16th of June 2023

Company news

2023-06-02 14:17:50

Ecoteq Energy ASA summons all shareholders to an Annual General Meeting of Shareholders to be held on the 16th of June 2023 at 11:00 a.m. (CET) at SANDS Advokatfirma, Cort Adelers gate 33, 0254 Oslo.

The summons has been sent to all registered shareholders 2nd of June 2023 in regular mail.

A proxy form and attendance slip are also available from the company´s website, www.ecoteqenergy.com

For further information, please contact the Ecoteq Energy at office@ecoteqenergy.com

   

Innkalling Generalforsamling - 2023

Company news

2023-06-01 16:03:18

Kontaktperson:
Jan Tore Skårland
CEO
Etman International ASA

  InnkallingGeneralforsamlingmfullmakt 2023_NOR.pdf
NoticeofordinaryGeneralMeting2023_ENG.pdf

PNO: Minutes of Annual General Meeting

Company news

2023-06-01 09:23:09

Please find attached the minutes from the Annual General Meeting held 25th May 2023.

https://petrolianoco.no/ AGM 2023 minutes.pdf

Golar releases its 2022 Environmental, Social and Governance report

Company news

2023-05-30 15:30:02

Golar LNG Limited (Golar) is pleased to announce that it has issued its 2022 Environmental, Social and Governance (ESG) report. This comprehensive report describes Golars important role in advancing the global energy transition to a lower carbon future - championing LNG as a transition fuel in partnership with renewables, and as a reliable alternative for those in need of energy security today.

Our 2022 ESG report is attached and will also be posted to our website.

Forward-Looking Statements

This press release contains forward-looking statements (as defined in Section 21E of the Securities Exchange Act of 1934, as amended).  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 forward-looking statements involve many risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such 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 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
May 30, 2023
Enquiries:
Golar Management Limited: + 44 207 063 7900
Stuart Buchanan

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


Attachment




   

CondAlign: Minutes from Annual General Meeting

Company news

2023-05-30 13:21:01

The Annual General Meeting was held on May 24th, 2023.

All items were unanimously approved according to the suggestions put forward by the Board of Directors.

The protocol is available on our web pages.

https://www.condalign.no/  
https://www.condalign.no/about/investors/

Golar LNG Limited Interim results for the period ended March 31, 2023

Company news

2023-05-30 12:10:02

Highlights and subsequent events

  • Golar LNG Limited (Golar or the Company) reports a Q1 2023 Adjusted EBITDA1 of $84 million and a Net Loss attributable to Golar of $102 million, inclusive of non-cash mark-to-market charges1 of $188 million.
  • Total Golar Cash1 of $1 billion, inclusive of $113 million of restricted cash.
  • Based on strong balance sheet position and a solid operational cash flow outlook, Golar reinstates quarterly dividend and will distribute $0.25 per share for Q1 2023.
  • Approved share buyback program of up to $150 million.
  • Exited Cool Company Ltd. (CoolCo) investment by selling remaining 4.5 million shares raising net proceeds of $56 million.
  • Reacquired New Fortress Energy Inc. (NFE) interest in Golar Hilli LLC for 4.1 million NFE shares and $100 million in cash and exited NFE investment by selling our remaining 1.2 million NFE shares for net proceeds of $46 million.
  • Credit approval to improve terms of existing Hilli debt facility, reducing debt service cost.
  • High-graded FLNG conversion candidate by agreeing to sell 1977 built LNG carrier Gandria for net proceeds of $15 million and exercising option to acquire 2004 built LNG carrier Fuji LNG targeted for conversion to a 3.5mtpa MKII FLNG.
  • Signed Memorandum of Understanding (MOU) with Nigeria National Petroleum Corporation (NNPC) for joint development of potential FLNG opportunities.
  • Repurchased $20 million of 2025 maturing Unsecured Bonds and secured approval for amendments to bond terms that increase financial flexibility.

FLNG Hilli: FLNG Hilli maintained its strong operational performance with 100% economic uptime throughout the quarter. On March 15, 2023, Golar completed the repurchase of NFE's interest in the FLNG Hilli, increasing Golars annual run-rate Distributable Adjusted EBITDA1 by approximately $70 million per year between January 1, 2023 and July 2026, and increasing our exposure to an anticipated re-contracting upside in the worlds best performing FLNG. Due to lower Brent oil and Dutch Title Transfer Facility (TTF) prices, Q1 2023 Distributable Adjusted EBITDA1 from FLNG Hilli decreased by $20 million from $114 million in Q4 2022 to $94 million in Q1 2023, of which Golars increased share was $88 million, compared to $86 million in Q4 2022.

In January 2023, Golar effectively unwound its 2023 and 2024 TTF hedges, locking in approximately $140 million of TTF hedged Distributable Adjusted EBITDA1 and re-gaining full market exposure to its TTF linked production. For the remainder of 2023 and 2024, the locked in TTF Distributable Adjusted EBITDA1, which will be additional to Golars share of tolling fees and market linked Brent oil and TTF fee exposure, will be allocated as follows:

    • April-December 2023: 100% of TTF linked production unwound securing approximately $68 million of Distributable Adjusted EBITDA1 equivalent to approximately $23 million for each of quarters 2, 3 and 4; and
    • Full year 2024: 50% of TTF linked production unwound securing approximately $49 million of Distributable Adjusted EBITDA1 equivalent to approximately $12 million per quarter in 2024.

The FLNG Hilli sale and leaseback facility lenders have agreed to reduce the facility margin and extend the amortization profile and duration. Following the credit approved changes, FLNG Hillis annual debt service cost will reduce from a current 2023 level of around $126 million to around $93 million. Golars 94.6% share of this amounts to $88 million, of which $40 million is principal and $48 million is interest. The new terms extend the facility maturity from 2028 to 2033, increasing financial flexibility in connection with re-contracting of the existing July 2026 expiring contract with Perenco. Subject to execution of customary documentation, the new terms are expected to become effective in Q3 2023.

FLNG Gimi: FLNG Gimi is now 94% technically complete. The yard departure date for FLNG Gimi has been postponed from 1H 2023 to Q3 2023 to allow for vessel completion and testing and a greater proportion of commissioning work to be performed in Singapore where requisite skills and resources are more accessible. The updated sail away timing is not expected to impact first feed gas on the Tortue project. As a result of project delays, pre-commissioning contractual cash flows under the Lease and Operate Agreement (LOA) have started. A LOA contract interpretation dispute regarding parts of these pre-commissioning contractual cash flows currently exists between Golar and BP, regarding payments due from BP to Golar as a result of the delays previously announced in 2020 related to force majeure claims. The dispute does not impact wider execution of the 20-year project that is expected to unlock around $3 billion of Adjusted EBITDA Backlog1 to Golar, equivalent to Annual Adjusted EBITDA1 of around $151 million.

FLNG business development: Golar signed a MOU with NNPC for joint development of FLNG opportunities in Nigeria. Following the signing of the MOU, both parties have allocated significant resources to initially develop a named gas field for a potential FLNG project. Material technical and commercial progress has been made. The MOU has a 5-year duration, with both parties ambition to explore potential for multiple FLNG projects to be deployed on proven stranded and associated gas fields in Nigeria.

NNPC is Africas largest oil producer and Nigerias most important energy stakeholder with a strategy to expand gas exports. Nigerias gas specifications and met-ocean conditions are ideally suited to Golars FLNG solutions.

Recent months have seen a significant increase in interest and momentum for re-contracting alternatives for FLNG Hilli. Several promising projects that have more attractive economics than the current contract are now being discussed. Golar continues to target commercial structures aligned with gas resource owners, focusing on attractive break-even production costs relative to competing global LNG export projects, with upside in commodity price linkage. With its leading operational track record and near-term availability, FLNG Hilli is uniquely positioned to monetize gas reserves. A fully utilized FLNG Hilli has annual revenue potential in excess of $1 billion based on current LNG forward curves, to be shared between gas resource owners and Golar. Concluding a new charter for FLNG Hilli is therefore a commercial priority for the company.

As a result of increasing momentum for new FLNG opportunities, Golar high-graded its FLNG conversion candidate by selling the Gandria and exercising its option to acquire the 148,000cbm moss design carrier Fuji LNG targeted for the MKII FLNG conversion project. Sale of the Gandria for net proceeds of $15 million is subject to the satisfaction of customary closing conditions and is expected to complete in the second half of 2023. Of the $73 million purchase price balance for Fuji LNG, $11 million will be paid in Q2 2023 with the remainder in early 2024, when Golar will take delivery of the vessel. With key long-lead items on order, focus is now on a yard EPC contract and financing. A final investment decision on the MKII project is linked to securing attractive finance and further visibility on a charter, with strong progress on both fronts during the quarter.

FSRU: Fees earned in respect of the Development Agreement to assist Snam with FSRU Tundras drydocking, site commissioning and hook-up amounted to $7 million in Q1 2023. Costs associated with the above are recognized as incurred and amounted to $18 million in Q1 2023, included in project development expenses.

Financial Summary

(in thousands of $)Q1 2023Q1 2022% ChangeQ4 2022% Change
Net (loss)/income attributable to Golar LNG Ltd(101,863)345,182(130)%71,438(243)%
Total operating revenues73,96872,9381%59,14025%
Adjusted EBITDA184,14889,657(6)%87,409(4)%
Golars share of contractual debt 11,151,7811,743,747(34)%843,42837%

Financial Review

Business Performance:

 20232022
 Jan-MarOct-DecJan-Mar
(in thousands of $)TotalTotalTotal
Net (loss)/income     (92,569)       67,070      410,014
Income taxes             252            (720)             360
Net (loss)/income before income taxes     (92,317)       66,350      410,374
Depreciation and amortization       12,577        12,432        13,725
Unrealized loss/(gain) on oil and gas derivative instruments     115,011        72,995    (168,059)
Realized and unrealized losses/(gains) on our investment in listed equity securities       62,308      (54,469)   (344,049)
Other non-operating income, net     (11,128)           (649)       (6,136)
Interest income     (11,482)       (8,212)             (33)
Interest expense             362          3,697          6,156
Losses/(gains) on derivative instruments         9,376          1,833      (31,536)
Other financial items, net             911          2,137            (614)
Net (income)/losses from equity method investments       (1,281)       (6,045)         1,056
Net (income)/loss from discontinued operations           (189)       (2,660)     208,773
Adjusted EBITDA(1)       84,148        87,409        89,657


 20232022
 Jan-MarOct-Dec
(in thousands of $)FLNGCorporate and otherShippingTotalFLNGCorporate and otherShippingTotal
Total operating revenues     56,221      12,347        5,400      73,968      36,511      17,160        5,469      59,140
Vessel operating expenses   (15,643)     (2,664)        (266)   (18,573)   (15,202)     (1,718)     (1,965)   (18,885)
Voyage, charterhire & commission expenses        (150)           (19)           (67)        (236)        (150)             (9)        (111)        (270)
Administrative (expenses)/income           (50)   (10,017)             (1)   (10,068)             44      (7,579)             37      (7,498)
Project development expenses        (272)   (18,123)                (18,395)     (2,419)     (4,222)           (45)     (6,686)
Realized gain on oil and gas derivative instruments(2)     57,452                                57,452      77,324                                77,324
Other operating losses(3)                                                       (15,716)                             (15,716)
Adjusted EBITDA(1)     97,558    (18,476)       5,066      84,148      80,392        3,632        3,385      87,409

(2) The line item Realized and unrealized (loss)/gain on oil and gas derivative instruments in the Unaudited Consolidated Statements of Operations relates to income from the Hilli Liquefaction Tolling Agreement (LTA) and the natural gas derivative which is split into: Realized gain on oil and gas derivative instruments and Unrealized (loss)/gain on oil and gas derivative instruments.

(3) The line item Other operating (losses)/income in the Unaudited Consolidated Statements of Operations includes FLNG Hillis underutilization of $15.7 million in Q4 2022, which together with $20.1 million included in Liquefaction services revenue amounts to $35.8 million..

 2022
 Jan-Mar
(in thousands of $)FLNGCorporate and otherShippingTotal
Total operating revenues       62,894          6,809          3,235        72,938
Vessel operating expenses     (14,181)       (1,789)       (2,134)     (18,104)
Voyage, charterhire & commission (expenses)/income           (150)             (25)           (540)           (715)
Administrative expenses             (42)     (10,138)               (2)     (10,182)
Project development (expenses)/income       (1,540)             689                           (851)
Realized gain on oil and gas derivative instruments       42,631                                      42,631
Other operating income         3,940                                        3,940
Adjusted EBITDA(1)       93,552        (4,454)             559        89,657

Golar reports today a Q1 2023 net loss attributable to Golar of $102 million, inclusive of non-cash mark-to-market charges1 of $188 million, comprised of:

  • TTF and Brent oil of $115 million;
  • Listed equity securities of $62 million; and
  • Interest rate swaps of $11 million.

The Brent oil linked component of FLNG Hillis fees generates additional annual cash of approximately $3.1 million for every dollar increase in Brent Crude prices between $60 per barrel and the contractual ceiling. Billing of this component is based on a three-month look-back at average Brent Crude prices. A $20 million realized gain on the oil derivative instrument was recorded in Q1 2023. Golar has an effective 89.1% interest in these earnings. A Q1 2023 realized gain of $18 million was also recognized in respect of fees for the TTF linked production. Golar has an effective 89.4% interest in these earnings. A $19 million realized gain (100% of which is attributable to Golar) on the hedged component of the quarters TTF linked earnings was also recognized during the quarter. Collectively a $57 million Q1 2023 realized gain on oil and gas derivative instruments was recognized as a result.

The mark-to-market fair value of the FLNG Hilli Brent oil linked derivative asset decreased by $41 million during the quarter, with a corresponding unrealized loss of the same amount recognized in the unaudited consolidated statement of operations. The mark-to-market fair value of the FLNG Hilli TTF natural gas derivative asset decreased by $74 million during the quarter with a corresponding unrealized loss of the same amount recognized in the unaudited statement of operations. A $1 million unrealized loss in respect of the hedged portion of the Q1 2023 TTF linked FLNG Hilli production was also recognized during the quarter. Collectively this resulted in a $115 million Q1 2023 unrealized loss on oil and gas derivative instruments.

During Q1 2023 Golar sold 1.2 million of its 5.3 million NFE shares and repurchased NFEs interest in FLNG Hilli using its remaining 4.1 million NFE shares as part of the purchase price consideration. A decrease in the NFE share price between January 1, 2023 and March 15, 2023, when Golars re-acquisition of NFEs interest in FLNG Hilli closed, resulted in the recognition of a Q1 2023 realized mark to market loss of $62 million. The fair value of these shares had decreased from $42.42 per share as of December 31, 2022 to $28.51 on March 15, 2023. Together with $11 million of dividend income from NFE, this collectively amounted to $51 million of other non-operating losses for the quarter.

Balance Sheet and Liquidity:

As of March 31, 2023, Total Golar Cash1 was $1.0 billion, comprised of $889 million of cash and cash equivalents and $113 million of restricted cash. Of the $131 million of restricted cash, $18 million is attributable to the FLNG Hilli consolidated lessor-owned VIE.

Within the $344 million current portion of long-term debt and short-term debt as at March 31, 2023 is $321 million in respect of the FLNG Hilli lessor-owned VIE subsidiary that Golar is required to consolidate. Having closed the repurchase of NFEs interest in FLNG Hilli and assumed NFEs share of Hilli debt, Golars share of Contractual Debt1 has increased to $1,152 million as of March 31, 2023. Deducting Total Golar Cash1 of $1.0 billion from Golars share of Contractual Debt1 of $1,152 million  leaves debt of $152 million.

During Q1 2023, Golar repurchased $4 million of the $300 million Unsecured Bonds, reducing the outstanding balance to $155 million as of March 31, 2023. In April, a further $16 million of the Unsecured Bonds were repurchased, reducing the outstanding balance to $139 million. On May 25, 2023, in return for a 3.75% fee, the remaining bondholders agreed to amend certain bond terms in order to allow for the earlier payment of dividends and for additional share buybacks.

Inclusive of $16 million of capitalized interest, $42 million was invested in FLNG Gimi during the quarter, with the total FLNG Gimi Asset under development balance as at March 31, 2023 amounting to $1.2 billion. Of this, $545 million was drawn against the $700 million debt facility secured by FLNG Gimi. Both the investment and debt drawn to date are reported on a 100% basis. Golars share of remaining capital expenditure to be funded out of equity, net of the Companys share of remaining undrawn debt amounts to $181 million. Subsequent to the quarter end, a further $75 million was drawn down on the debt facility which now stands at $620 million.

Expenditure on long-lead items and engineering services for the MKII FLNG amounted to $75 million as of March 31, 2023, and is included in other non-current assets.

Corporate and Other Matters:

As at March 31, 2023, Golar had 107.4 million shares issued and outstanding. There were also 1.4 million outstanding stock options with an average price of $15.74, 0.2 million unvested restricted stock units, and 0.04 million unvested performance stock units awarded.

The Board of Directors has authorized a new share repurchase program under which the Company may repurchase up to $150 million of Golars outstanding stock. The Company intends to opportunistically repurchase shares from time to time for cash in open market transactions or in privately-negotiated transactions in accordance with applicable federal securities laws. Share repurchases will be executed only during periods where the executive team and the Board of Directors are not aware of material inside information that would likely affect a sellers decision to sell, with the timing and the amount of any repurchases being determined by an evaluation of market conditions, capital allocation alternatives, and other factors.

Golars Board of Directors has also approved a total dividend of $0.25 per share in respect of Q1 2023 to be paid on June 16, 2023. The record date will be June 12, 2023. The dividend has been set at a sustainable level that allows for potential for growth after Gimi has reached COD.

Non-GAAP measures

In addition to disclosing financial results in accordance with U.S. generally accepted accounting principles (US GAAP), this earnings release and the associated investor presentation contains references to the non-GAAP financial measures which are included in the table below. We believe these non-GAAP financial measures provide investors with useful supplemental information about the financial performance of our business, enable comparison of financial results between periods where certain items may vary independent of business performance, and allow for greater transparency with respect to key metrics used by management in operating our business and measuring our performance.

This report also contains certain forward-looking non-GAAP measures for which we are unable to provide a reconciliation to the most comparable GAAP financial measures because certain information needed to reconcile those non-GAAP measures to the most comparable GAAP financial measures is dependent on future events some of which our outside of our control, such as oil and gas prices and exchange rates, as such items may be significant. Non-GAAP measures in respect of future events which cannot be reconciled to the most comparable GAAP financial measure are calculated in a manner which is consistent with the accounting policies applied to Golars unaudited consolidated financial statements.

These non-GAAP financial measures should not be considered a substitute for, or superior to, financial measures calculated in accordance with GAAP, and the financial results calculated in accordance with GAAP. Non-GAAP measures are not uniformly defined by all companies, and may not be comparable with similarly titled measures and disclosures used by other companies. The reconciliations as at March 31, 2023, from these results should be carefully evaluated.

Non-GAAP measure Closest equivalent US GAAP measure Adjustments to reconcile to primary financial statements prepared under US GAAP Rationale for adjustments
Performance measures
Adjusted EBITDANet income/(loss) +/- Income taxes
 + Depreciation and amortization
 +/- Unrealized (gain)/loss on oil and gas derivative instruments
+/- Other non-operating (income)/losses
+/- Net financial (income)/expense
+/- Net (income)/losses from equity method investments
+/- Net loss/(income) from discontinued operations

 
Increases the comparability of total business performance from period to period and against the performance of other companies by excluding the results of our equity investments, removing the impact of unrealized movements on embedded derivatives, depreciation, financing costs, tax items and discontinued operations.
Distributable Adjusted EBITDANet income/(loss) +/- Income taxes
 + Depreciation and amortization
 +/- Unrealized (gain)/loss on oil and gas derivative instruments
+/- Other non-operating (income)/losses
+/- Net financial (income)/expense
+/- Net (income)/losses from equity method investments
+/- Net loss/(income) from discontinued operations
- Amortization of deferred commissioning period revenue
- Amortization of Day 1 gains
- Accrued overproduction revenue
+ Overproduction revenue received
- Accrued underutilization adjustment
Increases the comparability of our operational FLNG, Hilli from period to period and against the performance of other companies by removing the non-distributable income of Hilli, project development costs and the operating costs of the Gandria and Gimi.

 
Liquidity measures
Contractual debt (1)Total debt (current and non-current), net of deferred finance charges'+/- Debt within liabilities held for sale net of deferred finance charges
+/-VIE consolidation adjustments
+/-Deferred finance charges
+/-Deferred finance charges within liabilities held for sale
During the year, we consolidate a lessor VIE for our Hilli sale and leaseback facility. This means that on consolidation, our contractual debt is eliminated and replaced with the lessor VIE debt.

 

Contractual debt represents our debt obligations under our various financing arrangements before consolidating the lessor VIE.

 

The measure enables investors and users of our financial statements to assess our liquidity and the split of our debt (current and non-current) based on our underlying contractual obligations. Furthermore, it aids comparability with our competitors.
Total Golar debtTotal debt (current and non-current), net of deferred finance charges'+/- Debt within liabilities held for sale net of deferred finance charges
+/-VIE consolidation adjustments
+/-Deferred finance charges
+/-Deferred finance charges within liabilities held for sale
+/-Incremental debt arising from acquisition of NFEs interest in Hilli
The measure enables investors and users of our financial statements to assess our liquidity and the split of our debt (current and non-current) based on our underlying contractual obligations. Furthermore, it aids comparability with our competitors.
Total Golar CashGolar cash based on GAAP measures:

 

+ Cash and cash equivalents

 

+ Restricted cash and short-term deposits (current and non-current)
-VIE restricted cash and short-term depositsWe consolidate a lessor VIE for our sale and leaseback facility. This means that on consolidation, we include restricted cash held by the lessor VIE.

 

Total Golar Cash represents our cash and cash equivalents and restricted cash and short-term deposits (current and non-current) before consolidating the lessor VIE.

 

Management believe that this measure enables investors and users of our financial statements to assess our liquidity and aids comparability with our competitors.

(1) Please refer to reconciliation below for Golars share of Contractual Debt

Adjusted EBITDA backlog: This is a non-U.S. GAAP financial measure and represents the share of contracted fee income for executed contracts less forecast operating expenses for these contracts. Adjusted EBITDA backlog should not be considered as an alternative to net income or any other measure of our financial performance calculated in accordance with U.S. GAAP.

Non-cash mark-to-market charges: These comprise of mark-to-market (MTM) movements on our TTF and Brent oil linked derivatives, listed equity securities and interest rate swaps (IRS) which relate to the unrealized component of the (losses)/gains on oil and gas derivative instruments, unrealized MTM (losses)/gains on investment in listed equity securities and net (losses)/gains on derivative instruments, in our unaudited consolidated statement of operations.

Abbreviations used:

FLNG: Floating Liquefaction Natural Gas
FSRU: Floating Storage Regasification Unit

   

Golar LNG Dividend Information

Company news

2023-05-30 12:10:02

Reference is made to the first quarter 2023 report released on May 30, 2023. Golar LNG has declared a total dividend of $0.25 per share to be paid on June 16, 2023. The record date will be June 12, 2023.

Golar LNG Limited
Hamilton, Bermuda
30 May, 2023

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


   

DWELLOP AS - DWELLOP ANNOUNCES BUSINESS COMBINATION WITH PHUEL OIL TOOLS LTD

Company news

2023-05-29 22:33:05

Tananger, Norway 29 May, 22:00 (CEST).
Introduction
Today, Dwellop AS (the "Company"), has entered into a business combination agreement (the "BCA") with Habu Holding AS, the majority shareholder of Phuel Oil Tools Ltd., a Scottish private limited liability company with business registration number SC269131 ("POT"), through its subsidiary Habu Services AS, concerning the combination of the Company and POT's business (the "Business Combination").

Pursuant to the BCA the Business Combination will be carried out by all shareholders of POT transferring their shares of POT to the Company for a total purchase price of NOK 34,514,222. In consideration for the POT shares, the POT shareholders will receive 117,196 new shares in the Company at a subscription price of NOK 294.50 per share (the "Consideration Shares"), valuing the Company to NOK 87,015,032 prior to the Business Combination.

Subject to completion of the Business Combination, the existing shareholders of the Company will hold 71.60% of the shares of the Company, while the remaining 28.40% of the shares will be held by the previous shareholders of POT.

The Consideration Shares will be issued to the POT shareholders by a capital increase as contribution in kind in the Company. The Business Combination is therefore subject to, inter alia, the approval by the general meeting of the Company, as described further below.

This information is considered inside information pursuant to section 2 of the NOTC Continuous Obligations for companies with shares registered on NOTC. As of this notice, all inside positions are considered to be neutralised.

The rationale for the Business Combination
Management believes that the Business Combination and the related growth opportunities will create long term value for the shareholders. Dwellop will now expand the business portfolio and get access to new international markets.

Conditions precedent to the Business Combination and further process
The Company's, Habu Holding AS' and the POT shareholders' obligation to complete the Business Combination is conditional upon: (i) Habu Holding AS having secured the unconditional acceptance and adherence to the BCA of the remaining POT shareholders, and (ii) the necessary corporate approvals in the Company, including the general meeting resolving to approve the issuance of the Consideration Shares.

In due course, the board of directors of the Company will summon the shareholders of the Company to the annual general meeting of the Company, where inter alia, the Business Combination and the issuance of the Consideration Shares will be considered and resolved upon.


* * *

For further information, please contact:
Helge Hustoft, Chief Executive Officer
Phone: +47 51 57 29 12
Mobile: +47 91 57 58 76
E-mail: helge.hustoft@dwellop.no
This information is published in accordance with the disclosure requirements set out in the Continuing Obligations for companies with shares registered on the NOTC-List.

This information is published in accordance with the disclosure requirements set out in the Continuing Obligations for companies with shares registered on the NOTC-List.
The law firm Wikborg Rein has acted as legal advisor for the Company, while the law firm Schjødt has acted as the legal advisor for Habu Holding AS.
This notice may contain statements about future events and expectations that are forward-looking statements. Any statement in this notice that is not a statement of historical fact including, without limitation, those regarding the Company's financial position, business strategy, plans and objectives of management for future operations is a forward-looking statement that involves known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such forward-looking statements are based on numerous assumptions regarding the Company’s present and future business strategies and the environment in which the Company will operate in the future. The Company assumes no obligations to update the forward-looking statements contained herein to reflect actual results, changes in assumptions or changes in factors affecting these statements.

  Dwellop Notice to NOTC Anouncement of combination_29.05.23.pdf

Result of Summons to Written Resolution - Approved amendment to Golars unsecured bonds

Company news

2023-05-25 15:10:02

Pursuant to the announcement dated May 9, 2023 where Golar LNG Limited (Golar or the Company) instructed Nordic Trustee AS to summon a Written Resolution for the Company's senior unsecured bonds maturing 20 October 2025 (ISIN NO 0011123432), Golar announces today that the Proposed Resolution (as defined in the Summons) was adopted according to the voting requirements of the Bond Terms. The Bond Trustee is therefore authorized to take the necessary actions to implement the Proposed Resolution. In connection with this, on June 2, 2023 Golar will pay a fee, equivalent to 3.75% of the Nominal Amount to bondholders of record on May 31, 2023.

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

May 25, 2023

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


   

Eiendomsspar – handel i egne aksjer

Company news

2023-05-24 11:43:56

Eiendomsspar har i dag kjøpt 150 000 egne aksjer til kurs kr 330. Selskapets nye beholdning av egne aksjer er 692.706.

   

SOIL: Equinor selects Soiltech’s Swarf Removal System

Company news

2023-05-24 08:27:23

Soiltech has been awarded a contract for its Swarf Removal System (SRS) on an Equinor operated platform off Norway. Soiltech’s field proven SRS will be used to remove solids material from the drilling fluid.

The contract will be performed during third quarter 2023.

“We are pleased to secure another contract for our innovative, high-capacity SRS unit. By using our technology, the client will be able to reuse the drilling fluid and save cost”, says Soiltech’s CEO Jan Erik Tveteraas.


About Soiltech
Soiltech is an innovative cleantech service provider specializing in the treatment, recycling and responsible handling of contaminated water and solid waste. Our technologies enable cost savings and lower CO2 emissions through WASTE REDUCTION, WASTE RECOVERY AND REUSE.

Soiltech is headquartered in Norway and operates world-wide. We are listed on Euronext NOTC in Norway under the ticker SOIL.

https://soiltech.no/  

JACK: Jacktel Interim Report Q1 2023

Company news

2023-05-23 18:22:02

Haven is on a contract with TotalEnergies DK through Q2 2024 and has been located at the Tyra field offshore Denmark and provided a 100% gangway connection since commencement of the contract in November 2021.
In March Jacktel AS was awarded a contract by Equinor for the provision of accommodation services to the Draupner project. The contract will commence 3Q 2024 and has a firm duration of 10 months. As part of the contract, Jacktel AS granted Equinor options to extend the contract by up to 6 months.

The operating income for Q1 amounted to 7.9 MUSD. Operating expenses equaled 2.8 MUSD. This resulted in an EBITDA of 5.2 MUSD and an operating profit of 2.2 MUSD. Financial expenses for the first quarter equaled 1.9 MUSD. Net profit for the first quarter amounted to 0.3 MUSD.

Jacktel’s Super Senior Bond loan was fully repaid in the first quarter.


For further information, please contact:

Bjørn Eie Henriksen
CEO
Macro Offshore Management AS
Tel: +47 94 13 04 32
E-mail:bjorn.henriksen@macro-offshore.com

or

Daniel Samuelsen
CFO
Macro Offshore Management AS
Tel: +47 91 75 83 01
E-mail:daniel.samuelsen@macro-offshore.com

  Jacktel - Interim Report Q1 2023.pdf

CASTOR : Castor Maritime Inc. Reports Net Income of $10.8 Million for the Three Months Ended March 31, 2023; Spin-Off of Tanker Business Completed on March 7, 2023

Company news

2023-05-23 16:30:52

http://castormaritime.com Castor_Maritime_Inc_Reports_Net_Income_of_10_8_Million_for_the_Three_Months_Ended_March_31_2023_Spin_Off_of_Tanker_Business_Completed_on_March_7_2023.pdf

PROTOKOLL FRA EKSTRAORDINÆR GENERALFORSAMLING

Company news

2023-05-22 10:57:57

ABBH AS gjennomførte ekstraordinær generalforsamling 22.05.2023, der det ble vedtatt å utdele ekstraordinært utbytte på kr. 10,55 pr. aksje med grunnlag i revisorgodkjent mellombalanse pr. 08.05.2023.

Første dag aksjen handles eksklusive utbytte er 23.05.2023. Utbyttet utbetales innen 15.06.2023.

Protokoll fra den ekstraordinære generalforsamlingen er tilgjengelig via selskapets sider for aksjonærinformasjon: investor.budstikka.no.

Eventuelle henvendelser kan rettes til administrerende direktør Terje Tandberg (tlf.: 911 05 204, e-post: terje.tandberg@abbh.no).

   

CrayoNano AS: Commencement of Subscription Period in the Subsequent Offering and Publication of Prospectus

Company news

2023-05-22 07:03:37

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.

Trondheim, Norway-22 May 2023-Reference is made to the announcement from CrayoNano AS ("CrayoNano" or the "Company") on 16 May 2023 regarding the board of directors' resolution to carry out a subsequent offering (the "Subsequent Offering") of up to 1,785,714 new shares (the "Offer Shares") following the private placement with gross proceeds approx. NOK 125 million (the "Private Placement").

The subscription period for the Subsequent Offering commences today on 22 May 2023 at 09:00 CEST and will end on 5 June 2023 at 16:30 CEST (the "Subscription Period").

The subscription price per share is NOK 14.00 (the “Subscription Price”), which is equal to the subscription price in the Private Placement. If fully subscribed, the Subsequent Offering will raise gross proceeds of approximately NOK 25 million.

The Subsequent Offering are directed towards existing shareholders in the Company as registered in VPS on 18 April 2023 ("Record Date"), who (i) were not allocated shares in the Private Placement, and (ii) are not resident in jurisdictions where such offering would be unlawful, or (would in jurisdictions other than Norway) require any prospectus, registration or similar action (the "Eligible Shareholders").

Eligible Shareholders are being granted 0.09817 non-tradable subscription rights (the "Subscription Rights") for every share recorded as held in the Company at the Record Date, that, subject to applicable law, provide preferential rights to subscribe for and be allocated Offer Shares in the Subsequent Offering. The total number of Subscription Rights granted to each Eligible Shareholder are rounded down to the nearest whole number of Subscription Rights without compensation to the holder. Each Subscription Right grants the holder a right to subscribe for and be allocated one (1) Offer Share in the Subsequent Offering. Over-subscription will be allowed; however there can be no assurance that Offer Shares will be allocated for such subscriptions. Subscription without Subscription Rights will not be permitted.

The Subscription Rights must be used to subscribe for Offer Shares before the expiry of the Subscription Period on 5 June 2023 at 16.30 hours (CEST). Subscription Rights that are not used to subscribe for Offer Shares before 16:30 (CEST) on 5 June 2023 will have no value and will lapse without compensation to the holder.

In order to subscribe for shares, the Managers (as defined below) must either receive a complete and duly signed subscription form or a subscription through the VPS' solution within the end of the Subscription Period.

Allocation of the Offer Shares is expected on or about 7 June 2023, and the payment for the Offer Shares allocated to a subscriber is expected to fall due on 9 June 2023. The Offer Shares will, after registration of the share capital increase in the Norwegian Register of Business Enterprises pertaining to the Offer Shares, be registered in the VPS in book-entry form and are expected to be delivered to the subscriber's VPS account on or about 30 June 2023, subject to timely payment of the aggregate Subscription Price by the subscriber. The Offer Shares will have equal rights and rank pari passu with the Company's other shares.

The Company reserves the right to withdraw or cancel the Subsequent Offering at any time and for any reason before completion of the Subsequent Offering. If the Subsequent Offering is withdrawn or not carried out, all subscriptions for Offer Shares will be disregarded and any payments for Offer Shares will be returned to the subscribers without interest or any other compensation.

Completion of the Subsequent Offering is subject to (i) all necessary corporate resolutions being validly made by the Company, including the board of directors resolving to allocate the Offer Shares, and (ii) registration of the share capital increase pertaining to the Subsequent Offering with the Norwegian Register of Business Enterprises and delivery of the Offer Shares to the subscribers in the VPS.

A prospectus (the "Prospectus") setting out the terms and conditions for the Subsequent Offering including, inter alia, a description of the Company, material risk factors and subscription procedures, has been prepared and published in connection with the Subsequent Offering. The Prospectus has not been subject to review by the Norwegian Financial Supervisory Authority (Nw. Finanstilsynet) nor any other authority, but is registered with the Norwegian Register of Business Enterprises (Nw. Foretaksregisteret) in accordance with section 7-8 of the Norwegian Securities Trading Act.

The Prospectus is available at the Managers' websites www.dnb.no/emisjoner and www.sb1markets.no/transaksjoner/. Links can also be found on the Company's website (www.crayonano.com).

DNB Markets, a part of DNB Bank ASA and SpareBank 1 Markets AS are acting as managers for the Subsequent Offering (the "Managers"). Advokatfirmaet Wiersholm is acting as legal counsel to CrayoNano.

For further information, please contact:

Jo Uthus, CEO
Tel: + 47 47 38 06 34
Email: jo.uthus@crayonano.com

Jens Kielland, CFO
Tel: + 47 95 81 55 81
Email: jens.kielland@crayonano.com

About CrayoNano AS

Founded in 2012, CrayoNano develops and manufactures nanomaterials-based semiconductor components using proprietary technologies. Headquartered in Trondheim, Norway, CrayoNano has expanded with a branch in Taiwan and supporting customers globally with sales representatives in EMEA, APAC and Americas. CrayoNano’s innovative semiconductor components advance global solutions in health and safety, water purification, consumer, and industrial applications, and more. CrayoNano is registered on Euronext NOTC in Norway under the ticker “CNANO”.

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. 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 their 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 their 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.

https://crayonano.com/  
https://crayonano.com/investors

INNSIDEMELDING

Company news

2023-05-21 17:19:10

Styreleder i ABBH AS har solgt 4.670 aksjer til kurs 10,70. Odd Reidar Øie har etter salget sammen med nærstående 1.161.516 aksjer som utgjør en eierandel på 14,76 %.

   

Endring av aksje: CrayoNano AS (CNANO)

Corporate actions

2023-05-19 16:12:47

Det er foretatt endringer i CrayoNano AS (ISIN:NO0010820558, ticker CNANO). Aksjebeholdningen er øket fra 28 401 491 til 37 329 637. Emisjonsverdien er øket fra 411 854 400 til 522 614 918.

   

NHST Holding AS- annual report 2022

Company news

2023-05-16 16:40:21

The annual report 2022 for NHST Holding AS/group has now been uploaded on the company website www.nhst.no.

   

CondAlign AS 2022 Financial statements and Summons to Annual General Meeting

Company news

2023-05-16 13:00:56

CondAlign AS has released its annual financial report for 2022. The report is available on our web pages: https://www.condalign.no/about/investors/

CondAlign AS summons all shareholders to an Annual General Meeting of Shareholders to be held on the 23rd of May 2023 at 11:00 a.m. (CET) at Bøkkerveien 5, Oslo.

Please find the summons attached.

For further information, please contact:

Hjalmar Vestby Bøe
CFO
Mail: investor@condalign.no
Mob: +47 991 26 298

http://www.condalign.no/

https://www.condalign.no/about/investors/ 2023-05-16_Condalign_AS_Summons_AGM.pdf

CrayoNano AS: Launch of Subsequent Offering

Company news

2023-05-16 09:05:21

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.

Trondheim, Norway—16 May 2023—Reference is made to the announcement from CrayoNano AS ("CrayoNano" or the "Company") on 18 April 2023 regarding, inter alia, the intention to carry out a subsequent offering of up to 1,785,714 new shares (the "Subsequent Offering") following the successful private placement of new shares raising gross proceeds of approximately NOK 125 million (the "Private Placement").

Based on an authorization granted by the general meeting of the Company on 25 April 2023, the board of the Company has resolved to proceed with the Subsequent Offering by the issue of up to 1,785,714 new shares, each with a nominal value of NOK 0.02 and at an Offer Price of NOK 14.00 per share (the "Offer Price"), which may raise total gross proceeds of up to NOK 25 million. The Offer Price equals the offer price in the Private Placement.

The Subsequent Offering will be directed towards existing shareholders in the Company as registered in VPS on 18 April 2023 ("Record Date"), who (i) were not allocated shares in the Private Placement, and (ii) are not resident in jurisdictions where such offering would be unlawful, or (would in jurisdictions other than Norway) require any prospectus, registration or similar action. Such shareholders will be granted non-tradable subscription rights to subscribe for, and upon subscription, be allocated new shares (the "Eligible Shareholders").

Eligible Shareholders are being granted 0.09817 non-tradable subscription rights (the "Subscription Rights") for every share recorded as held in the Company at the Record Date, that, subject to applicable law, provide preferential rights to subscribe for and be allocated Offer Shares in the Subsequent Offering. The total number of Subscription Rights granted to each Eligible Shareholder will be rounded down to the nearest whole number of Subscription Rights without compensation to the holder. Each Subscription Right grants the holder a right to subscribe for and be allocated one (1)) Offer Share in the Subsequent Offering. Over-subscription will be allowed; however there can be no assurance that Offer Shares will be allocated for such subscriptions. Subscription without Subscription Rights will not be permitted.

The subscription period for the Subsequent Offering is expected to commence on 22 May 2023 at 09:00 CEST and end on 5 June 2023 at 16:30 CEST (the "Subscription Period"), subject to registration of a national prospectus (the "Prospectus") with the Norwegian Register of Business Enterprises in accordance with section 7-8 of the Norwegian Securities Trading Act. Registration of the Prospectus is expected to take place on or about 16 May 2023 and will be made available at the Company's and Managers' webpages. The Prospectus sets out the terms and conditions for the Subsequent Offering and includes, inter alia, a description of the Company and the material risk factors associated with an investment in the Offer Shares.

The Company, in consultation with the Managers (as defined below), reserves the right to extend the Subscription Period for the Subsequent Offering at any time and without any prior written notice and at its sole discretion.

In order to subscribe for shares, the Managers (as defined below) must either receive a complete and duly signed subscription form or a subscription through VPS' solution within the end of the Subscription Period. Subscription rights that are not used to subscribe for Offer Shares before the expiry of the Subscription Period will have no value and will lapse without compensation to the holder.

The due date for payment of the Offer Shares is expected to be on 9 June 2023. The Offer Shares will, after registration of the share capital increase in the Norwegian Register of Business Enterprises pertaining to the Offer Shares, be registered in the VPS in book-entry form and are expected to be delivered to the subscriber's VPS account on or about 30 June 2023. The Offer Shares will have equal rights and rank pari passu with the Company's other shares.

Completion of the Subsequent Offering is subject to (i) all necessary corporate resolutions being validly made by the Company, including the Board of directors resolving to allocate the Offer Shares, and (ii) registration of the share capital increase pertaining to the Subsequent Offering with the Norwegian Register of Business Enterprises and delivery of the Offer Shares to the subscribers in the VPS.

DNB Markets, a part of DNB Bank ASA and SpareBank 1 Markets AS are acting as managers for the Subsequent Offering (the "Managers"). Advokatfirmaet Wiersholm is acting as legal counsel to CrayoNano.

For further information, please contact:

Jo Uthus, CEO
Tel: + 47 47 38 06 34
Email: jo.uthus@crayonano.com

Jens Kielland, CFO
Tel: + 47 95 81 55 81
Email: jens.kielland@crayonano.com

About CrayoNano AS

Founded in 2012, CrayoNano develops and manufactures nanomaterials-based semiconductor components using proprietary technologies. Headquartered in Trondheim, Norway, CrayoNano has expanded with a branch in Taiwan and supporting customers globally with sales representatives in EMEA, APAC and Americas. CrayoNano’s innovative semiconductor components advance global solutions in health and safety, water purification, consumer, and industrial applications, and more. CrayoNano is registered on Euronext NOTC in Norway under the ticker “CNANO”.

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. 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 their 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 their 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.

https://crayonano.com/investors  
https://crayonano.com/

Besøksadresse

Postadresse

Tollbugata 2

Postboks 460 Sentrum

0152 Oslo Se kart

Tlf

Epost

(+47) 22 34 17 00

NOTC@euronext.com