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MeldingsID: 416371
Dato/tid 19.12.2016 12:04
Utsteder Petrolia SE
UtstederID PDR
Instrument
Marked OB
Kategori FLAGGING
Informasjonspliktig   Informasjonspliktige opplysninger
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Tittel Bond conversion - DISCLOSURE OF MAJOR SHAREHOLDING
Tekst
Reference is made to the announcements 22 November, 8 
December and 15 December 2016 regarding a proposed 
transaction whereby 75% of the Bond Loan is converted to new 
shares. The conversion is expected to take place on 23 
January 2017. The price per share is USD 0.50.

Currently there are 27,235,867 PDR-shares. Through the 
conversion it is expected to issue 26,522,121 new shares, 
bringing the total up to 53,757,988. The new shares have a 
1-year lock-up clause.

TOT Drilling Ltd does not currently own any PDR-shares. 
After the conversion the company expects to own 3,709,889 
(6.9%) of the shares.

International Oilfield Services, Inc. does not currently own 
any PDR-shares. After the conversion the company expects to 
own 3,731,072 (6.9%) of the shares.

Increased Oil Recovery AS currently owns 39,169 PDR-shares. 
After the conversion the company expects to own 3,446,625 
(6.4%) of the shares.

Larsen Oil & Gas AS currently owns 6,269,447 (23.0%) PDR-
shares. After the conversion the company expects to own 
9,932,461 (18.5%) of the shares and thus fall under the 20% 
notification threshold. The company is a 100% owned 
subsidiary of Increased Oil Recovery AS. Together the two 
companies currently own 6,308,616 (23.2%) and expect to own 
13,379,085 (24.9%) after the conversion.

Independent Oil & Resources Plc currently owns 13,381,639 
(49.1%) PDR-shares. After the conversion the company expects 
to own 24,713,206 (46.0%) of the shares.

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