News and Media | Sale of convertible bonds held in treasury |
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| Friday, 11 November 2011 00:00 |
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Det norske oljeselskap ASA (the “Company” or "DETNOR") has sold or agreed to sell NOK 133,850,000 convertible bonds AKX01 (the “Bonds”) held in treasury, representing approximately 29 percent of the outstanding Bonds.
Subject to full conversion, the Bonds represents approximately1.4 percent of the outstanding share capital of DETNOR. The Bonds were sold at a price of NOK 108.56 per Bond. Following completion of the sale, DETNOR will hold 0 Bonds. The gross proceeds from the sale is NOK 152.7 million. DnB Markets acted as Bookrunner in the transaction. Contact person Det norske oljeselskap ASA: Teitur Poulsen, CFO, Mobile: +47 95 08 28 92 Knut Evensen, VP Investor Relations, Mobile: +47 95 07 76 22
About Det norske: Det norske oljeselskap ASA (DETNOR) specialize in extracting petroleum resources on the Norwegian Continental Shelf (NCS). We are an ambitious company with significant exploration activity. Recently we have taken part in some major discoveries, Aldous being the single most important. We now face several development projects, among them Jette as operator, and Draupne. Det norske has its headquarter located in Trondheim, and offices in Oslo and Harstad. As of today we are more than 160 employees. Det norske is listed on the Oslo Stock Exchange with the ticker “DETNOR”. |
