Reference is made the stock exchange announcement by Seacrest Petroleo Bermuda Limited (the "Company" or "Seacrest Petroleo") on 4 November relating to the share issuance from bond conversions (the "Conversion Notice").
On 31 October 2024,105,863,698 new common shares ("New Shares") in Seacrest Petroleo were validly issued in the Norwegian Central Securities Depositary (Euronext Securities Oslo). The share issuance was carried out in connection with conversion of parts of the Company's 3 year USD 28.658 million subordinated unsecured convertible bond issue.
As stated in the Conversion Notice, 5,571,774 new common shares were issued in excess to the New Shares, due to a clerical error in the conversion and issuance process. This error has now been corrected.
Accordingly, as of 6 November 2024, the authorized share capital of Seacrest Petroleo, as registered in the Norwegian Central Securities Depositary (Euronext Securities Oslo), is comprised of USD 9,291,7743 divided into
464,588,715 common shares, each with a par value of USD 0.00002, of which 464,588,715 common shares are issued and outstanding.
