Share Issue/Capital Change • Aug 9, 2023
Share Issue/Capital Change
Open in ViewerOpens in native device viewer
RESOLUTION TO INCREASE SHARE CAPITAL AS A RESULT OF WARRANTS EXERCISED
Ålesund, 9 August 2023
Golden Energy Offshore Services (ticker: GEOS) (the “Company”) refers to the notice made 4 August 2023 announcing the fleet acquisition and the exercise of warrants from Oaktree as part of the transaction financing.
As set out in the notice referred to above funds managed by Oaktree Capital Management, L.P. (“Oaktree”) has given notification to exercise their warrants for 57,773,761 shares, where 4,000,000 of these are subject to funds managed by Athos Capital Limited (“Athos”) exercising all of their warrants for 4,000,000 shares within 30 days of Oaktree’s notification.
Athos has now given notice of exercising all their warrants, Oaktree will therefore in total have exercised warrants for 57,773,761 shares.
In order to facilitate the exercise of the warrants held by Oaktree and Athos, the board of directors have in two resolutions resolved to issue 57,773,761 new shares in the company to be subscribed for by Oaktree, and 4,000,000 new shares to be subscribed for by Athos. The subscription price has been set to NOK 1 as resolved by the extraordinary general meeting held 13 July 2022. Attached are the board resolutions for the issuance of the new shares.
Following completion Oaktree will own 57,773,761 shares representing approx. 49.99 % of the total share capital, whilst Athos will own 4,000,000 shares representing approx.3,5% of the total share capital.
Following registration of the share capital increase in the Norwegian Register of Business Enterprises the Company’s share capital will be NOK 115,547,523 divided by 115,547,523 shares each at the nominal amount of NOK 1.
This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.
For further information contact:
Per Ivar Fagervoll
mobile + 47 974 28 884
Building tools?
Free accounts include 100 API calls/year for testing.
Have a question? We'll get back to you promptly.