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Kurs & Likviditet

Kursutveckling och likviditet under dagen för detta pressmeddelande

Beskrivning

LandBermuda
ListaOB Match
SektorRåvaror
IndustriOlja & gas
Northern Ocean är verksamma inom olje- och gassektorn. Bolaget är specialiserade inom borrning och i erbjudandet av tillhörande tjänster som berör prospektering och vidare utvinning av olje- och gasförnödenheter. Bolaget förfogar över egna produktionsanläggningar och riggar, där verksamhet återfinns runtom den globala marknaden.

Kalender

2023-02-27 Bokslutskommuniké 2022
2022-11-28 Kvartalsrapport 2022-Q3
2022-08-26 Kvartalsrapport 2022-Q2
2022-06-01 Ordinarie utdelning NOL 0.00 NOK
2022-05-31 Årsstämma 2022
2022-05-27 Kvartalsrapport 2022-Q1
2022-02-15 Bokslutskommuniké 2021
2021-11-26 Kvartalsrapport 2021-Q3
2021-08-27 Kvartalsrapport 2021-Q2
2021-05-28 Kvartalsrapport 2021-Q1
2021-05-26 Årsstämma 2021
2021-05-03 Ordinarie utdelning NOL 0.00 NOK
2020-11-19 Årsstämma 1
2020-05-13 Ordinarie utdelning NOL 0.00 NOK
2020-02-28 Bokslutskommuniké 2019
2022-01-13 18:05:00
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN, OR ANY
OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE
UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE
SECURITIES DESCRIBED HEREIN.

13 January, 2022 - Hamilton, Bermuda.

Reference is made to notice from Northern Ocean Ltd ("NOL" or the "Company") on
23 December 2021 concerning a conditional subscription agreement between the
Company and Hemen Holding Limited ("Hemen") and funds managed and/or advised by
Hayfin Capital Management LLP and its affiliates ("Hayfin", and together with
Hemen, the "Subscribers") pursuant to which Hemen and Hayfin agreed to subscribe
for 40 million new shares (the "New Shares") in the Company at a subscription
price of $ 0.50 per share raising gross proceeds of USD 20 million (the "Private
Placement"). The Company announces that the New Shares were issued today. The
New Shares will be delivered on a separate ISIN pending approval of a listing
prospectus.

Following registration in the relevant register of members, the authorised share
capital of the Company is USD 968,098,811 divided into 1,936,197,622 common
shares of a par value of USD 0.50 each, of which 103,802,378 common shares have
been issued and fully paid or credited as fully paid.

As a result of the Private Placement, the Board of Directors will propose a
subsequent offering (the "Subsequent Offering") of up to 8 million shares, in
which shareholders of the Company as of close of trading on 13 January 2022, as
recorded in the VPS on 17 January 2022, who were not allocated shares in the
Private Placement, and who are not resident in a jurisdiction where such
offering would be unlawful, or would (in jurisdictions other than Norway)
require any prospectus filing, registration or similar action, will receive
subscription rights. The Subsequent Offering will, inter alia, be conditional
upon (i) approval from the board of directors of the Company, and (ii) approval
and publication of a prospectus regarding, inter alia, the Subsequent Offering.
The subscription price in the Subsequent Offering is equal to the Private
Placement, $ 0.50 per share. The Subsequent Offering shares are expected to be
satisfied from the shares that have been subscribed for by Hayfin. The
Subsequent Offering is expected to commence in March 2022. Further terms and
conditions in the Subsequent Offering will be set out in the prospectus.

Additional information about the Company can be found at: www.northernocean.no


IMPORTANT NOTICE: This announcement is not and does not form a part of any offer
for sale of securities. Copies of this announcement are not being made and may
not be distributed or sent into the United States, Australia, Canada, Japan or
any other jurisdiction in which such distribution would be unlawful or would
require registration or other measures.

The securities referred to in this announcement have not been and will not be
registered under the U.S. Securities Act of 1933, as amended (the "Securities
Act"), and accordingly may not be offered or sold in the United States absent
registration or an exemption from the registration requirements of the
Securities Act and in accordance with applicable U.S. state securities laws. The
Company does not intend to register any part of the offering in the United
States or to conduct a public offering of securities in the United States. Any
offering of the securities referred to in this announcement will be made by
means of a prospectus.

This announcement is not a prospectus for the purposes of Directive 2003/71/EC
(together with any applicable implementing measures in any Member State, the
"Prospectus Directive"). Investors should not subscribe for any securities
referred to in this announcement except on the basis of information contained in
the aforementioned prospectus. In any EEA Member State other than Norway that
has implemented the Prospectus Directive, this communication is only addressed
to and is only directed at qualified investors in that Member State within the
meaning of the Prospectus Directive, i.e., only to investors who can receive the
offer without an approved prospectus in such EEA Member State.

This communication is only being distributed to and is only directed at persons
in the United Kingdom that are (i) investment professionals falling within
Article 19(5) of the Financial Services and Markets Act 2000 (Financial
Promotion) Order 2005, as amended (the "Order") or (ii) high net worth entities,
and other persons to whom this announcement may lawfully be communicated,
falling within Article 49(2)(a) to (d) of the Order (all such persons together
being referred to as "relevant persons"). This communication must not be acted
on or relied on by persons who are not relevant persons. Any investment or
investment activity to which this communication relates is available only to
relevant persons and will be engaged in only with relevant persons. Persons
distributing this communication must satisfy themselves that it is lawful to do
so.

The information, opinions and forward-looking statements contained in this
announcement speak only as at its date, and are subject to change without
notice.