Green Energy Group (Seabird Exploration Plc): Prospectus approval
May 05 2022 - 2:15PM
Green Energy Group (Seabird Exploration Plc): Prospectus approval
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 (SBX Plc): Prospectus
approval (Oslo, 5 May 2022) Reference is made to the stock exchange
release from Green Energy Group (SBX Plc) (the "Company") published
on 14 January regarding the successful completion of a private
placement of 14,000,000 new shares in the Company (the "Private
Placement") and the subsequent repair offering of up to 3,500,000
new shares in the Company (the "Subsequent Offering").
The Norwegian Financial Supervisory Authority
has approved the prospectus of the Company dated 5 May 2022 (the
"Prospectus") related to the Subsequent Offering and listing of the
shares issued in the Private Placement.
On 5 May 2022, the price of the Company's listed
shares closed at a premium of 79.56% to the Offer Price. The Board
of Directors has therefore resolved to carry through the Subsequent
Offering to the benefit of the Eligible Shareholders. The
subscription period in the Subsequent Offering is due to commence
on 6 May 2022 at 09:00 CET and end on 13 May 2022 at 16:30 CET (the
"Subscription Period"). The subscription price in the Subsequent
Offering is NOK 2.25 per Offer Share, which is equal to the
subscription price in the Private Placement.
Eligible Shareholders (as defined in the
Prospectus) will be granted one (1) Subscription Right for every 10
shares held as of 17 January 2022. The number of Subscription
Rights granted to each Eligible Shareholder will be rounded down to
the nearest whole Subscription Right. Each Subscription Right will
give the right to subscribe for, and be allocated one (1) Offer
Share rounded down to the nearest whole share, subject to
applicable securities laws. Over-subscription will be permitted,
but there can be no assurance that Subsequent Offer Shares will be
allocated for such subscriptions. Subscriptions without
Subscription Rights will not be permitted.
Instructions regarding the subscription
procedure is available in the Prospectus. Subscription Rights not
used to subscribe for Offer Shares prior to 16:30 CET on 13 May
2022 will lapse without compensation to the holder and consequently
be of no value.
The Prospectus can be obtained electronically by
downloading it from www.greenenergygroup.no
(http://www.greenenergygroup.no), and www.fearnleysecurities.com
(http://www.fearnleysecurities.com), or by contacting Fearnley
Securities AS (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 Managers 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.
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