NOR13 - Adjustment of conversion price

25 March
2020, Q1


Reference is made to the stock exchange release of Norwegian Energy Company ASA (“Noreco” or the "Company") dated 23 January 2020 where Noreco announced the buyback of 299,925 shares at a price of NOK 242 per share. 


As a result of the buyback, the conversion price for the NOR13 subordinated convertible bond issue (ISIN NO0010851520) will be adjusted in accordance with the bond terms, from USD 29.3398 to USD 28.9734, effective 23 January 2020, which is the trade date of the purchase of the shares. 


Further information from Nordic Trustee AS is to be found attached.