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Dato/tid 08.12.2016 13:37
Utsteder Petrolia SE
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Tittel Bondholders approve the proposed conversion clause
Tekst
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).

Contact person:
Mr. Sølve Nilsen 
(solve.nilsen@petrolia.eu)

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