Beskrivning
| Land | Norge |
|---|---|
| Lista | Euronext Growth Oslo |
| Sektor | Fastigheter |
| Industri | Projektering |
2025-11-03 08:00:00
Reference is made to the resolution by the annual general meeting of Black Sea
Property AS (the "Company") on 25 June 2025, regarding, inter alia, a share
consolidation (reverse share split) of the Company's shares in the ratio of
100:1. Key information related to the share consolidation is set out below:
o Reverse split ratio: 100:1, i.e. one hundred (100) old shares give one (1) new
share
o Date on which the corporate action was made public: 5 June 2025
o Last day including right: 4 November 2025
o Ex-date: 5 November 2025
o Record Date: 6 November 2025
o Date of approval: 25 June 2025
Following completion of the share consolidation, the par value of the Company's
shares will be increased from NOK 0.05 to NOK 5. Shareholders who do not own a
number of shares which can be divided by 100 shall, in connection with the
reverse share split, have their shareholding rounded downwards, so that the
shareholder receives a whole number of shares. Fractional shares will not be
issued, and the shareholder will not receive any compensation for the rounding.
The fractional shares will be added together to whole shares and will be sold at
Euronext Growth Oslo. The Company will receive the net proceeds from such sale.
In connection with the reverse share split, the Company's shares will be
transferred to a new ISIN. Key information for the change of ISIN is set out
below:
o Issuer: Black Sea Property AS
o Previous ISIN: NO0010755101
o New ISIN: NO0013685750
o Date of ISIN change: 5 November 2025
For further information, please contact:
Egil Melkevik, Chairman
Tel: +47 90 77 09 76
E-mail: em@ms-solutions.no
About Black Sea Property AS:
Black Sea Property AS is a real estate company with holdings in a real estate
project on the Black Sea coast called Sunrise River Beach Resort. Sunrise River
Beach Resort is a partially completed project and will upon completion comprise
approximately 950 apartments as well as significant commercial space. Black Sea
Property AS has indirect ownership to the project and will work to finalize
Sunrise River Beach Resort, to realize the project's added value through the
sale of residential units and hotel operations.