Reference is made to the stock exchange announcement made by Ocean GeoLoop AS
(the "Company") on 12 May 2026 regarding the conditional allocation of
72,000,000 new ordinary shares in the Company in a private placement (the
"Private Placement"), and a potential subsequent repair offering of up to
4,800,000 new shares at the same subscription price as in the Private Placement
(the "Subsequent Offering"). The Subsequent Offering, if carried out, and
subject to applicable securities laws, will be directed towards existing
shareholders in the Company as of 12 May 2026 (as registered with the VPS two
trading days thereafter) who (i) were not contacted or invited to participate in
the Private Placement; (ii) were not allocated shares in the Private Placement,
and (iii) are not resident in a jurisdiction where such offering would be
unlawful or, would (in jurisdictions other than Norway) require any prospectus,
filing, registration or similar action.
The following key information is provided with respect to the Subsequent
Offering:
Date on which the terms and conditions of the Subsequent Offering were
announced: 12 May 2026
Last day including right: 12 May 2026
Ex-date: 13 May 2026
Record date: 15 May 2026
Date of approval: On or about 29 May 2026 (expected date of extraordinary
general meeting)
Maximum number of new shares: 4,800,000
Subscription price: NOK 0.50 per share
Shall the rights be listed: No
Other information: The Subsequent Offering is subject to, among other things,
completion of the Private Placement and the extraordinary general meeting
authorizing the Board to issue new shares in the Subsequent Offering. Whether or
not the Subsequent Offering will ultimately take place, will depend inter alia
on the development of the price of the shares in the Company after completion of
the Private Placement, and the Company reserves the right in its sole discretion
to not conduct or to cancel the Subsequent Offering.
This information is published in accordance with the requirements of the
Continuing Obligations for Euronext Growth Oslo.
of the\
Continuing Obligations for Euronext Growth Oslo.\