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Dato/tid 20.01.2017 18:08
Utsteder Petrolia SE
UtstederID PDR
Instrument
Marked OB
Kategori KAPITAL- OG STEMMERETTSENDRINGER
Informasjonspliktig   Informasjonspliktige opplysninger
Vedlegg
Tittel Capital increase, conversion of bonds to shares
Tekst
The issued shares of Petrolia SE (Petrolia) has now been 
increased with 26,522,121 new shares. The shares are subject 
to a 1-year lock-up period. The shares will be listed from 
Tuesday 24 January 2017.

Reference is made to the stock notice 22 November 2016, 
which presented the proposal, the stock notice 8 December 
2016, which informed of the bondholders' approval, the stock 
notice 15 December 2016, which informed about the 
shareholders' approval and the stock notice 15 December 
2016, which informed about the exercise of the convertible 
call option. 

The share capital increase has now been recorded at the 
Registrar of Companies in the Republic of Cyprus and the new 
shares will be listed on the existing ticker ("PDR") and the 
existing ISIN (CY 010 263 0916) at Oslo Børs on Tuesday 24 
January 2017.

The number of issued shares increases with 26,522,121 new 
shares from 27,235,867 to 53,757,988. Price per share is USD 
0.50.

The issued share capital increases with USD 2,652,212.10 
from USD 2,723,586.70 to USD 5,375,798.80.

The number of authorised shares is 272,358,670. The par 
value is USD 0.10. The authorised share capital is USD 
27,235,867.

The new shares are subject to a 1-year lock-up.

Following the transaction, the equity has increased with USD 
13.3 million and the net outstanding bond loan has been 
reduced with USD 13.3 million from USD 17.7 million to USD 
4.4 million. The Borrower's Bonds remain unchanged at USD 
15.1 million, so the gross outstanding bond loan has been 
reduced from USD 32.8 million to USD 19.5 million. The 
number of shares has increased from 27.2 million to 53.8 
million and the old shareholders have been diluted from 100% 
to 50.7%. 

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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