OKEA ASA - New share capital registered

Reference is made to the stock exchange notice published on 16 March 2020 regarding the issuance of new shares in OKEA ASA (the "Company"). The share capital increase related to the issuance of 438,600 new shares in connection with an approved long-term retention incentive program for selected senior management and key employees in the Company has now been registered with the Norwegian Register of Business Enterprises.

The Company's new share capital is NOK 10,250,265.00 divided into 102,502,650 shares, each with a par value of NOK 0.10.

This information is subject to the disclosure requirements pursuant to Section 5 -12 of the Norwegian Securities Trading Act.

 

For further information, please contact:

Ståle Myhre, VP Investor Relations, +47 917 51 878, email: stale.myhre@okea.no

 

About OKEA ASA

OKEA is an Exploration and Production (E&P) company and operator on the Norwegian Continental Shelf with production of ~19 000 boe per day. OKEA aims to grow through low-cost field developments of discoveries with reserves up to 100 million boe and through mergers and acquisitions (M&A). The operating organisation is built on the acquisition of the producing field Draugen in 2018.

OKEA is listed on Oslo Stock Exchange under the ticker "OKEA".

More information on www.okea.no