company news

Kapitalnedsettelse

Company news

2020-09-22 16:00:21

Det vises til vedtak fra ekstraordinær generalforsamling i Easybank ASA 16. juli 2020 om å nedsette aksjekapitalen med NOK 236 985 950 fra NOK 331 780 330 til NOK 94 794 380 ved nedskrivning av aksjenes pålydende fra NOK 7 til NOK 2. Den nye aksjekapitalen har i dag blitt registrert i Foretaksregisteret. Etter registrering av kapitalnedsettelsen er Easybank ASAs aksjekapital NOK 94 794 380 fordelt på 47 397 190 aksjer med pålydende NOK 2 per aksje.

Reference is made to the resolution by the extraordinary general meeting in Easybank ASA on 16 July 2020 to decrease the share capital by NOK 236,985,950, from NOK 331,780,330 to NOK 94,794,380 by reducing the nominal value of the shares from NOK 7 to NOK 2. The new share capital has today been registered with the Norwegian Register of Business Enterprises. Following registration of the share capital decrease, Easybank ASA's share capital is NOK 94,794,380 divided on 47,397,190 shares with a par value of NOK 2 per share.

   

Finansiell kalender

Company news

2020-09-22 15:51:44

Finansiell kalender for Easybank ASA

REGNSKAPSÅR 2020:

12.11.2020 - Kvartalsrapport - Q3

   

HITV - Halvårsrapport 1H 2020

Company news

2020-09-22 08:50:40

HitecVision konsernets driftsinntekter for første halvår 2020 var NOK 147,3 millioner med et resultat før skatt på NOK 32,6 millioner.

Halvårsrapport er vedlagt.

http://www.hitecvision.com HitecVision - 1H 2020.pdf

Easybank ASA forlenger «forward flow»- avtale med Kredinor

Company news

2020-09-22 07:33:29

Easybank har varslet Kredinor at de ønsker å utøve opsjonen om forlengelse av kjøpsavtale for fordringer («forward flow»- avtalen). Avtalen utvides dermed til 31. desember 2023 på samme vilkår som den opprinnelige avtalen fra juni 2017.

Avtalen innebærer at Kredinor kjøper Easybank sine misligholdte forbrukslån på et gitt tidspunkt etter inkassooversendelse. Administrerende direktør Oddbjørn Berentsen sier avtalen sikrer banken fortsatt forutsigbarhet knyttet til tapsengasjement innenfor forbruksfinansiering.

Kontaktinformasjon
Oddbjørn Berentsen
Administrerende direktør
Telefon: 22 99 14 00
Mail: ob@easybank.no

   

Playsafe Holding: Tilbud om kjøp av samtlige aksjer i selskapet

Company news

2020-09-18 14:31:26

Playsafe Group AS (919654155) har idag fremsatt tilbud til aksjonærerene i Playsafe Holding AS om kjøp av samtlige aksjer i selskapet.

Playsafe Group AS tilbyr aksjonærene i Playsafe Holding AS å kjøpe samtlige aksjer i selskapet for kr. 0,10 (10 øre) pr. aksje. Tilbudet verdsetter PSH til kr. 10.177 279,-.

Tilbudsfristen er satt til 16. oktober 2020 kl. 16:00.

Tilbudsdokument og akseptformular er idag sendt til aksjonærene i posten. Dokumentene (unntatt akseptformularet) kan også lastes ned fra Playsafe Holding sin hjemmeside.

Vi anmoder alle aksjonærer om å sette seg inn i tilbudet og akseptformularet.

Dersom tilbudet aksepteres, vennligst følg instruksjonene i avsnittet «Fremgangsmåte ved aksept av Tilbudet» i tilbudsdokumentet. Aksepter som ikke er korrekt utfylt og innsendt vil ikke bli akseptert.

Spørsmål kan rettes til daglig leder Ben Johansen på tlf. 90978045, eller styrets leder John Afseth på tlf. 922 01850. Skriftlige spørsmål kan sendes til post@playsafe.net.

http://www.playsafeholding.com/news/  

Arnarlax AS – Engasjement av finansiell rådgiver for mulig rettet emisjon og notering på Merkur Market

Company news

2020-09-18 07:40:47

Arnarlax AS – Engasjement av finansiell rådgiver for mulig rettet emisjon og notering på Merkur Market

Arnarlax AS («Arnarlax»), som er et datterselskap av SalMar ASA («SalMar»), med virksomhet på Island, har engasjert DNB Markets som tilrettelegger i forbindelse med en mulig rettet emisjon, samt notering av selskapets aksjer på Merkur Market, i løpet av 2020. Selskapet vil etter noteringen på Merkur Market fortløpende vurdere fremtidig notering på Oslo Børs eller Oslo Axess.
SalMar vurderer ikke nedsalg i forbindelse med transaksjonen, og vil opprettholde en eierandel på over 50 % i Arnarlax etter transaksjonen.
Arnarlax er eid 59,4 % av SalMar, og driver gjennom sitt datterselskap Arnarlax ehf. oppdrettsvirksomhet på Island. Selskapet har i dag lisenser med 25.200 tonn kapasitet (MAB) på vestkysten av Island, og har i tillegg søknader om ytterligere 14.500 tonn kapasitet (MAB). Arnarlax forventer cirka 12.000 tonn slaktevolum (HOG) i 2020, 14.000 tonn (HOG) i 2021, for deretter å gradvise øke slaktevolum til ca. 30.000 tonn (HOG) i 2024 i henhold til nåværende forretningsplan.

For ytterligere informasjon, vennligst kontakt:

Kjartan Ólafsson
Styreleder, Arnarlax AS
+354 618 1520

This announcement does not constitute or form a part of any offer of securities for sale or a solicitation of an offer to purchase securities of Arnarlax AS (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"). This announcement is 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.
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 "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 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. DNB Markets (the "Manager") is 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 Manager nor any of its affiliates makes any representation as to the accuracy or completeness of this announcement and none of them accepts any responsibility for the contents of this announcement or any matters referred to herein.
This announcement is for information purposes only and is not to be relied upon in substitution for the exercise of independent judgment. It is not intended as investment advice and under no circumstances is it to be used or considered as an offer to sell, or a solicitation of an offer to buy any securities or a recommendation to buy or sell any securities of the Company. Neither the Manager nor any of its affiliates accepts any liability arising from the use of this announcement.
Each of the Company, the Manager 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 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://www.arnarlax.is/ ARNARLAXASN.pdf

Arnarlax AS: Arnarlax AS – Engagement of Financial Advisor in connection with a potential private placement and listing on Merkur Market

Company news

2020-09-18 07:36:48

Arnarlax AS (“Arnarlax”), a subsidiary of SalMar ASA (“SalMar”), has engaged DNB Markets as Sole Global Coordinator in connection with a potential private placement and listing on Merkur Market, expected to take place during 2020. Following the listing on Merkur Market, Arnarlax will continue to consider the potential for a future listing on Oslo Børs or Oslo Axess.
SalMar is not considering to sell any shares in connection with the transaction, and will maintain an ownership of at least 50% in Arnarlax following the private placement.
Arnarlax is a salmon farmer located in the Westfjords in Iceland, and is currently owned 59.4% by SalMar. Arnarlax currently holds licenses with a 25,200 tonnes capacity (MAB), and applications for additional 14,500 tonnes (MAB). Arnarlax expects to harvest approx. 12,000 tonnes (HOG) in 2020, 14,000 tonnes (HOG) in 2021, and to gradually increase in harvest volumes to approx. 30,000 tonnes (HOG) in 2024, according to the current business plan.

For inquiries, please contact:
Kjartan Ólafsson
Chairman, Arnarlax AS
+354 618 1520

This announcement does not constitute or form a part of any offer of securities for sale or a solicitation of an offer to purchase securities of Arnarlax AS (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"). This announcement is 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.
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 "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 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. DNB Markets (the "Manager") is 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 Manager nor any of its affiliates makes any representation as to the accuracy or completeness of this announcement and none of them accepts any responsibility for the contents of this announcement or any matters referred to herein.
This announcement is for information purposes only and is not to be relied upon in substitution for the exercise of independent judgment. It is not intended as investment advice and under no circumstances is it to be used or considered as an offer to sell, or a solicitation of an offer to buy any securities or a recommendation to buy or sell any securities of the Company. Neither the Manager nor any of its affiliates accepts any liability arising from the use of this announcement.
Each of the Company, the Manager 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 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://www.arnarlax.is/ ARNARLAXAS.pdf

NORWEGIAN CRYSTALS AS - AUDITED ANNUAL ACCOUNTS 2019

Company news

2020-09-17 17:37:20

Please find enclosed the 2019 Audited Annual Accounts and Audit Opinion for Norwegian Crystals AS. This is referred to as Appendix 2 in the Notice for the Annual General Meeting.

  Norwegian Crystals AS 2019 Audited Annual Accounts.pdf
Norwegian Crystals Audit Opinion 17092020.pdf

NORWEGIAN CRYSTALS AS - CALL FOR ANNUAL GENERAL MEETING 24 SEPTEMBER AT 1400 CET

Company news

2020-09-17 17:28:26

Norwegian Crystals AS invite to Annual General Meeting 24 September 2020 at 1400 CET.

The attached Notice contain all topics for the AGM with appendices.


NOTE ON COVID-19 MEASURE FOR THE ANNUAL GENERAL MEETING
24 SEPTEMBER 2020 AT 1400 CET;

THE MEETING WILL BE CONDUCTED ON ZOOM. 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

GORAN.BYE@CRYSTALS .NO
OYVIND.MOLMANN@CRYSTALS.NO

  NC - Notice of Annual General Meeting 24 September 2020 incl Appendices.pdf

Eiendomsspar selger Tjuvholmen Allé 1-5

Company news

2020-09-17 17:15:00

Victoria Eiendom sitt datterselskap Eiendomsspar AS har inngått en budaksept om salg av sine aksjer i Tjuvholmen allé 1-5 AS, som eier eiendommen Tjuvholmen allé 1-5 (restaurantene og kunstgalleriet i 1.etg. inngår ikke i transaksjonen). Kjøper er et selskap etablert av Vika Project Finance AS med Canica AS som eneste investor i selskapet. Due diligence vil starte umiddelbart. Overtakelse er planlagt i løpet av november 2020.

Salget medfører en verdiøkning på ca. kr 25 per Victoria Eiendom aksje sammenliknet med Victoria Eiendoms' verdivurdering per 31. desember 2019.

  Project Titan Pressemelding.pdf

Eiendomsspar selger Tjuvholmen Allé 1-5

Company news

2020-09-17 17:07:05

Eiendomsspar AS har inngått en budaksept om salg av sine aksjer i Tjuvholmen allé 1-5 AS, som eier eiendommen Tjuvholmen allé 1-5 (restaurantene og kunstgalleriet i 1.etg. inngår ikke i transaksjonen). Kjøper er et selskap etablert av Vika Project Finance AS med Canica AS som eneste investor i selskapet. Due diligence vil starte umiddelbart. Overtakelse er planlagt i løpet av november 2020.

Salget medfører en verdiøkning på ca. kr 18 per aksje sammenliknet med Eiendomsspars' verdivurdering av eiendommen per 31. desember 2019.

  Project Titan Pressemelding.pdf

Hygo Energy Transition Ltd. Launches Initial Public Offering

Company news

2020-09-17 12:40:02

Golar LNG Limited ("Golar") announces today that Hygo Energy Transition Ltd. (NASDAQ: HYGO) (Hygo), a joint venture with Stonepeak Infrastructure Partners, has launched an initial public offering of 23,100,000 common shares (common shares) at an anticipated initial offering price between $18.00 and $21.00 per share pursuant to a registration statement on Form F-1 previously filed with the Securities and Exchange Commission (the SEC). In addition, Hygo intends to grant the underwriters a 30-day option to purchase up to an additional 3,465,000 common shares. Hygo has applied to list the common shares on the Nasdaq Global Select Marketplace under the ticker symbol HYGO.  Following the consummation of the initial public offering, Golar is expected to own 50,000,000 common shares in Hygo.

Morgan Stanley & Co. LLC and Goldman Sachs & Co. LLC are acting as joint book-running managers for the offering. The offering of these securities will be made only by means of a prospectus that meets the requirements of Section 10 of the Securities Act of 1933. A copy of the preliminary prospectus may be obtained from:

Morgan Stanley & Co. LLC
Attention: Prospectus Department
180 Varick Street, Second Floor
New York, New York 10014
prospectus@morganstanley.com

Goldman Sachs & Co.
Attention: Prospectus Department
200 West Street
New York, NY 10282
Telephone: (866) 471-2526
prospectus-ny@ny.email.gs.com

About Hygo Energy Transition Ltd.

Hygo provides integrated downstream LNG solutions to underserved markets by delivering low cost, environmentally sound energy alternatives to consumers around the world. Hygos business includes (i) its network of existing and development stage marine LNG import terminals, (ii) its ownership of interests in existing and development stage large-scale power plants backed by high quality offtakers, and (iii) the downstream distribution of LNG from its terminals via marine and onshore logistics to major demand centers.

Important Information

A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. The registration statement may be obtained free of charge at the SECs website at www.sec.gov under Hygo Energy Transition Ltd. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction.

Cautionary Statement Concerning 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. Unless legally required, Golar LNG and Hygo undertake no obligation to update publicly any forward-looking statements whether as a result of new information, future events or otherwise. As a result, you are cautioned not to rely on any forward-looking statements. Actual results may differ materially from those expressed or implied by such forward-looking statements. Golar LNG and Hygo undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise unless required by law.

Hamilton, Bermuda

September 17, 2020

Enquiries:

Golar Management Limited: + 44 207 063 7900

Callum Mitchell-Thomson

Eduardo Maranhão

Stuart Buchanan

   

Vaccibody AS (VACC): Share capital increase from exercise of warrants

Company news

2020-09-17 12:19:37

As a consequence of a holder of warrants having exercised a total of 836,000 warrants in Vaccibody AS, the share capital of Vaccibody AS will increase by NOK 8,360.00 from NOK 2,827,916.80 to NOK 2,836,276.80 from the time of registration with the Norwegian Register of Business Enterprises of the share capital increase related to the exercise of the warrants. The number of outstanding shares in the company will increase by 836,000 from 282,791,680 to 283,627,680, each with a par value of NOK 0.01.

The warrants exercised were the following:
Martin Bonde (former CEO): 770,000 warrants at strike 2.50 NOK/share and 66,000 warrants at strike 0.80 NOK/share.

After the exercise of these warrants, the total number of outstanding active warrants in the company is 15,538,930.

   

Atlantica Tender Drilling Ltd. (ATDL) – Update regarding Atlantica Delta

Company news

2020-09-16 21:49:12

Bermuda, 16 September 2020 – With reference to the press release made on 30 June 2020, the Atlantica Delta has now completed its process of demobilization from Total’s Moho Nord TLP offshore Congo (Brazzaville). The rig is under tow to the Canary Islands, Spain, where it will be stacked while other opportunities are pursued for the vessel. With its maiden drilling campaign complete, the rig and crews can enjoy a safety record that saw rig construction, rig-up, drilling of sixteen wells and final demobilization without a single lost time injury to any ATDL personnel. An achievement which ATDL is extremely proud of.

For further information, please contact:

Reese McNeel
CFO
Atlantica Tender Drilling Ltd.
+47 415 08 186
reese.mcneel@atlanticatd.com

Https://www.atlanticatd.com  

Huddly AS (HUDDLY) - Primary insider trading and disclosure of significant shareholding

Company news

2020-09-16 12:29:49

On 16 september 2020, Multiplikator AS, Kolberg Motors AS and Thk Motor Invest AS acquired 30,000 shares in Huddly AS. Multiplikator AS is 100% owned and controlled by Kristian Kolberg, and Kolberg Motors AS is owned by Kristian Kolberg and his family. ThK Motor Invest AS is 100% owned by Thomas Kolberg.
Kristian Kolberg is a member of the Board of Huddly AS. Following the transaction, Kristian Kolberg and close associates hold 620,000 shares in Huddly AS, representing 5.19 % of the share capital.

https://www.huddly.com/  
https://www.huddly.com/investor-relations/

Western Bulk Chartering AS - Notification of trade

Company news

2020-09-16 11:34:21

Hans Aasnaes, CEO and Primary Insider of Western Bulk Chartering AS, has acquired 2 542 shares in Western Bulk Chartering AS at NOK 10,00 per share. Following this transaction, Hans Aasnaes owns 7 542 shares in Western Bulk Chartering AS.

   

Huddly AS (HUDDLY) - Huddly makes new smart cameras for Google Cloud and Lenovo

Company news

2020-09-15 18:25:15

Two smart cameras made by Huddly are going to feature in the Google Meet Series One room kits, a new generation of meeting room devices announced by Google Cloud and Lenovo. The two new cameras to be included in the kits are the Series One Smart Camera XL for large meeting rooms and the Series One Smart Camera for small and medium rooms. With cameras for large, medium, and small room kits, and Power over Ethernet technology, the kits can be tailored to fit all of your rooms.

https://www.huddly.com/  
https://www.huddly.com/investor-relations/

Private Placement

Company news

2020-09-15 11:57:13

Reference is made to the Petrolia NOCO AS AGM on the 28th of August 2020, which granted the Board of Directors an authorisation to issue new shares. The Board has today allocated 11,812,928 (10%) new shares in a private placement directed towards the 20 largest shareholders (representing 98.6% of total shares) and existing lenders. The subscription price was set to NOK 3.50. New total number of shares is 133,300,000. The placement follows the successful discovery in the Dugong well in license PL882 ahead of anticipated appraisal drilling.

Should other existing shareholders want to keep their ownership at the same percentage as prior to the private placement, the largest shareholders have expressed willingness to sell shares at the same price.

Subscriptions by primary insiders – all of which were pro rata
Petrolia AS, a 100% subsidiary of Petrolia SE, was allocated 5,894,651 shares and thus increases its holding pro-rata to 48,484,331 shares. Mr Sjur Storaas is a Director both in Petrolia NOCO AS and in Petrolia SE.

Serious AS was allocated 19,222 shares and thus increases its holding to 216,906 shares. Mr Sølve Nilsen is Chair of Serious AS and CFO of Petrolia NOCO AS.

Increased Oil Recovery AS was allocated 1,430,682 shares and thus increases its holding to 16,144,165 shares. Larsen Oil & Gas AS was allocated 490,737 shares and thus increases its holding pro-rata to 5,537,595 shares. Time Critical Petroleum Resources AS was allocated 483,980 shares and thus increases its holding pro-rata to 5,461,346 shares. Mr Berge Gerdt Larsen is Chair of these three companies and is Chair of Petrolia SE. He is also 100% owner of Time Critical Petroleum Resources AS.

Mr Brede Bjøvad Larsen is a Director in Petrolia NOCO AS and is a majority shareholder of Increased Oil Recovery AS and Larsen Oil & Gas AS.

Contact: Sølve Nilsen, CFO, solve.nilsen@petrolia.eu

https://petrolianoco.no/  

FREYR board proposes issuance of warrants and options

Company news

2020-09-15 06:58:16

Freyr AS (the “Company”) announces that the board of directors has proposed to issue 3,838,401 warrants to Edge Global LLC. The CEO of the Company, Mr Tom Einar Jensen, and Mr Peter Matrai (director in the Company), hold ownership interests in Edge Global LLC. One sixth of the warrants (639,736 for the first period and 639,733 for each of the remaining periods) may be exercised from each of the following dates: 30 September 2020, 31 December 2020, 31 March 2021, 30 June 2021, 30 September 2021 and 31 December 2021. The warrants may be exercised latest within 28 September 2025, where after all warrants that have not been exercised shall lapse. Each warrant, when exercised, will give the right to acquire one share against a subscription price of NOK 1.50. The issue of warrants will be resolved at an extraordinary general meeting, and no consideration shall be payable for the issuance of warrants.

The board of directors has also resolved to grant 785,967 options to the chairman of the board of directors, Mr Torstein Dale Sjøtveit. 135,967 options will vest on 30 September 2020, and additional 130,000 options will vest on each of the following dates: 31 December 2020, 31 Match 2021, 30 June 2021, 30 September 2021 and 31 December 2021. The options may be exercised from vesting and until 30 September 2025.

Under the Company’s employee share option plan, the board of directors has resolved to grant an additional 1,360,000 options to certain employees. This includes 1,000,000 options to the CFO of the Company, Mr Steffen Føreid at an exercise price of NOK 1.50 per share. The exercise price of the other 360,000 options shall be determined by the board of directors pursuant to the Company’s Stock Option Plan. All options must be exercised between 1 October 2023 and 30 September 2025.

Contact details:
CFO Steffen Føreid, steffen.foreid@freyrbattery.com

FREYR:
FREYR is a Norwegian company planning 32+2 GWh lithium-based battery cell factories and a 600 MW wind park in the municipalities Rana and Nesna in Nordland, Norway. The company will supply products to the rapidly growing market for electric vehicles in Europe, as well as develop other markets within the segments marine transportation, storage, aviation and offshore oil through cluster-based R&D initiatives with leading Norwegian and European institutions and companies. For more information, see the home page at: freyrbattery.com

   

Otovo completes first round of financing for leasing unit EDEA

Company news

2020-09-14 14:04:50

Otovo launched its solar energy leasing product in Spain and Norway in May and June with immediate and positive response from customers in both markets. The leasing projects will be owned by Otovo’s subsidiary European Distributed Energy Assets (“EDEA”).

EDEA is now working on an initial equity funding of up to NOK 155 million.

— We see solar energy making economic sense for most homeowners across Europe and believe a product where they pay a small monthly bill instead of taking a larger upfront investment will really boost the market, says Cecilie Ellila Weltz, Otovo’s Chief Financial Officer.

A first phase of this equity funding has been closed through a private placement towards some of the largest shareholders of Otovo, who will contribute with an equity raise of approximately NOK 55 million by the issuance of 10.999 new shares in EDEA.

Before the transaction, Otovo owned 1.000 shares, representing a 100% equity stake in EDEA, valued at NOK 5 million. Otovo also participated in the share issue with NOK 25 million. After the transaction Otovo owns 6.000 of 11.999 shares in EDEA.

In addition to the equity issuance, EDEA has secured a NOK 50 million debt facility with Nordea, bringing the company’s funds available for deployment into energy assets now to above NOK 100 million.

An upcoming phase 2 private placement of up to NOK 100 million is intended to complete the initial equity funding of EDEA. Existing Otovo shareholders will be offered to participate.

After the second phase completes, Otovo aims to have a total of more than NOK 300 million - half equity, half debt - to deploy into solar energy assets.

Furthermore, EDEA’s board of directors has approved that the company initiate a process to list its shares on Merkur Market.


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About EDEA: European Distributed Energy Assets (“EDEA”) is a subsidiary of Otovo in which Otovo has a controlling 50%+ stake. EDEA owns high and consistently yielding residential solar systems leased out to a solid and diversified set of European households.

   

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