Panoro Energy - NOK 149 million - Private Placement

Following close of the Oslo Stock Exchange on 22 October, Panoro successfully issued new shares amounting to ~10% of its share capital, with the support of new and existing shareholders. The private placement was oversubscribed and the price in the book-building was set at NOK 23.90 per share representing a 2% discount to the last closing price and an 18% premium to the 30-day VWAP.

Arctic Securities AS acted as sole bookrunner in the transaction. We want to congratulate Panoro Energy ASA (“Panoro”) on yet another successful capital markets transaction.

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