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Published:
October 16, 2019

Reference is made to the stock exchange notice published on 9 September 2019 regarding the issuance of new shares in OKEA ASA (the "Company").

The share capital increase related to (i) the issuance of 210,000 new shares in connection with an approved incentive program for the members of the Company's board of directors and (ii) the issuance of 15,000 new shares pursuant to the exercise of warrants held by an employee has now been registered with the Norwegian Register of Business Enterprises. The Company's new share capital is NOK 10,206,405.00 divided into 102,064,050 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.

 

Contact person in OKEA:

Ståle Myhre, VP Investor Relation, + 47 917 51 878

 

About OKEA

OKEA is a fast-growing oil and gas producer operating on the Norwegian Continental Shelf (NCS) aiming to bring undeveloped discoveries with less than 100 million boe in reserves into production. We are a trusted partner on a local, regional and national level with a clear ambition to create value for owners, employees and society as a whole.

Our overall vision is to be the leading company on the NCS in terms of delivering safe and cost-effective field developments and operational excellence, while maintaining a competent organization with direct management engagement in all of our projects.

Our head office is based in Trondheim and includes most of our management functions. Our offshore operational center for existing and future OKEA-operated fields is based in Kristiansund.

OKEA is listed on Oslo Stock Exchange under the ticker “OKEA”.