Advertisement
UK markets closed
  • NIKKEI 225

    40,168.07
    -594.66 (-1.46%)
     
  • HANG SENG

    16,541.42
    +148.58 (+0.91%)
     
  • CRUDE OIL

    83.11
    -0.06 (-0.07%)
     
  • GOLD FUTURES

    2,254.80
    +16.40 (+0.73%)
     
  • DOW

    39,807.37
    +47.29 (+0.12%)
     
  • Bitcoin GBP

    56,136.21
    +1,203.38 (+2.19%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • NASDAQ Composite

    16,379.46
    -20.06 (-0.12%)
     
  • UK FTSE All Share

    4,338.05
    +12.12 (+0.28%)
     

PGS ASA: New Share Capital after Conversion of Parts of Convertible Bond

March 25, 2021; Oslo, Norway, reference is made to PGS ASA (the “Company”) convertible bond loan with ISIN NO0010920697 in the aggregate amount of NOK 116,162,097 issued in Q1 2021. The Company has received conversion notices from convertible bondholders representing NOK 12 621 150 in this bond issue, which pursuant to standard terms set out in the bond terms are convertible into 4 207 050 new freely tradable shares in the Company. After the conversion, the remaining principal outstanding under the convertible bond loan amounts to NOK 103,540,947. The share capital increase pertaining to the conversion of convertible bonds has today been registered in the Norwegian Register of Business Enterprises (Nw.:Foretaksregisteret). The Company's new share capital is NOK 1,174,242,138 divided into 391,414,046 shares, each with a nominal value of NOK 3. The new shares will be listed on the Oslo Stock Exchange and will be tradeable from the time at which they are issued in the VPS, expected to be 25 March 2021.

FOR DETAILS, CONTACT:

Bård Stenberg, VP IR & Corporate Communication
Mobile: +47 99 24 52 35