Bondholders approve the proposed conversion clause
The bondholder meeting today approved the proposal presented
through the announcements issued by PDR on 22 November 2016.
The proposal is that USD 13.25 million of the bond loan
(ISIN NO001075576.2) is converted to 26.50 million new shares. The
bonds are valued at par value, USD 1.00 and the shares are priced at USD
0.50. The EGM will be held on 15.12.2016 and providing approval from
the shareholders, it is expected that new shares can be issued and listed
in Q1 2017.
This information is subject of the disclosure requirements acc. to § 5 -12
vphl (Norwegian Securities Trading Act).
Mr. Sølve Nilsen