Green Energy Group (Seabird Exploration Plc): Result of the Subsequent Offering
May 16 2022 - 2:00AM
Green Energy Group (Seabird Exploration Plc): Result of the
Subsequent Offering
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN
WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA,
JAPAN OR THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE
RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.
Green Energy Group (Seabird Exploration Plc):
Result of the Subsequent Offering
(16 May 2022) Reference is made to the stock
exchange announcement from Green Energy Group (Seabird Exploration
Plc) (the "Company") published on 5 May 2022 regarding a subsequent
offering of up to 3,500,000 new shares (the "Offer Shares") in the
Company at a subscription price of NOK 2.25 per share (the
"Subsequent Offering").
The subscription period in the Subsequent
Offering expired on 13 May at 16:30 CET. By the end of the
subscription period, the Company had received valid subscriptions
for a total of 3,500,000 Offer Shares, and the same number of Offer
Shares will consequently be issued. Upon registration of the new
share capital, the Company will have 51,776,665 shares issued, each
of par value USD 0.20.
Each subscriber will be informed by mail of his
or her conditional allocation of Offer Shares in the Subsequent
Offering and the corresponding amount to be paid by each
subscriber. The due date for payment of allocated Offer Shares will
be 19 May 2022. Delivery of the Offer Shares to investors' VPS
accounts is expected to take place on or about 24 May 2022, subject
to timely registration and other conditions.
Fearnley Securities AS acted as manager in the
Subsequent Offering (the "Manager").
For additional information, please contact: Erik
von Krogh, CFO, +47 930 38 075
Important information: The release is not for
publication or distribution, in whole or in part directly or
indirectly, in or into Australia, Canada, Japan or the United
States (including its territories and possessions, any state of the
United States and the District of Columbia). This release is an
announcement issued pursuant to legal information obligations, and
is subject of the disclosure requirements pursuant to section 5 -12
of the Norwegian Securities Trading Act. It is issued for
information purposes only, and does not constitute or form part of
any offer or solicitation to purchase or subscribe for securities,
in the United States or in any other jurisdiction. The securities
mentioned herein have not been, and will not be, registered under
the United States Securities Act of 1933, as amended (the
"Securities Act"). The securities may not be offered or sold in the
United States except pursuant to an exemption from the registration
requirements of the Securities Act. The Company does not intend to
register any portion of the offering of the securities in the
United States or to conduct a public offering of the securities in
the United States. Copies of this announcement are not being made
and may not be distributed or sent into Australia, Canada, Japan or
the United States. The issue, exercise, purchase or sale of
subscription rights and the subscription or purchase of shares in
the Company are subject to specific legal or regulatory
restrictions in certain jurisdictions. Neither the Company nor the
Manager assume any responsibility in the event there is a violation
by any person of such restrictions.
The distribution of this release may in certain
jurisdictions be restricted by law. Persons into whose possession
this release comes should inform themselves about and observe any
such restrictions. Any failure to comply with these restrictions
may constitute a violation of the securities laws of any such
jurisdiction. Carnegie is acting for the Company and no one else in
connection with the Private Placement and will not be responsible
to anyone other than the Company for providing the protections
afforded to their respective clients or for providing advice in
relation to the Private Placement and/or any other matter referred
to in this release.
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