Following today's approval by the EGM, Petrolia SE has today
exercised its Par Call Option as presented through the
announcements issued by PDR on 22 November 2016.
USD 13.25 million of the bond loan (ISIN NO001075576.2) will
be 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. 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