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Kurs & Likviditet

Kursutveckling och likviditet under dagen för detta pressmeddelande

Kalender

2024-06-21 Årsstämma 2024
2024-05-31 Bokslutskommuniké 2023
2023-10-17 Extra Bolagsstämma 2023
2023-09-29 Kvartalsrapport 2023-Q2
2023-06-29 Årsstämma 2023
2023-06-19 Ordinarie utdelning BSP 0.00 NOK
2023-05-30 Bokslutskommuniké 2022
2022-11-30 Extra Bolagsstämma 2022
2022-09-28 Kvartalsrapport 2022-Q2
2022-06-27 Årsstämma 2022
2022-06-23 Ordinarie utdelning BSP 0.00 NOK
2022-05-27 Bokslutskommuniké 2021
2021-09-30 Kvartalsrapport 2021-Q2
2021-06-30 Årsstämma 2021
2021-06-15 Ordinarie utdelning BSP 0.00 NOK
2021-05-28 Bokslutskommuniké 2020
2021-04-30 Extra Bolagsstämma 2021
2020-09-30 Kvartalsrapport 2020-Q2
2020-06-15 Ordinarie utdelning BSP 0.00 NOK
2020-06-12 Årsstämma 2020
2020-05-28 Bokslutskommuniké 2019
2020-02-03 Extra Bolagsstämma 2020
2019-09-30 Kvartalsrapport 2019-Q2
2019-07-31 Split BSP 25:1
2019-06-18 Årsstämma 2019
2019-05-31 Bokslutskommuniké 2018
2019-05-15 Ordinarie utdelning BSP 0.00 NOK
2018-09-30 Kvartalsrapport 2018-Q2
2018-06-20 Årsstämma 2018
2018-05-30 Bokslutskommuniké 2017
2017-12-04 Extra Bolagsstämma 2017
2017-09-29 Kvartalsrapport 2017-Q2
2017-05-30 Bokslutskommuniké 2016
2016-09-30 Kvartalsrapport 2016-Q2
2016-05-31 Bokslutskommuniké 2015

Beskrivning

LandNorge
ListaEuronext Growth Oslo
SektorFastigheter
IndustriProjektering
Black Sea Property är ett norskt fastighetsbolag vars projekt är koncentrerade till Bulgariens marknad. Projekten består av fritidshus runtom större storstadsområden, främst koncentrerade till diverse turistområden runtom landets kust, olika skidanläggningar samt områden i Bulgariens huvudstad Sofia. Bolaget grundades 2015 och har sitt huvudkontor i Oslo, Norge.
2023-03-10 16:30:00
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, HONG KONG OR JAPAN,
OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION
WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE
SECURITIES DESCRIBED HEREIN.

Reference is made to earlier stock exchange announcements from Black Sea
Property AS ("BSP" or the "Company", and together with its consolidated
subsidiaries, the "Group") regarding the Company's financing activities,
including the stock exchange notice published on 9 February 2023 where it was
announced that the Company was seeking to raise funds for construction
activities on the Sunrise Gardens Resort (the "Resort") and to facilitate
expected capital requirements in connection with a contemplated refinancing of
the Group's loan taken up with UniCredit Bulbank.

On this background, the Company is therefore announcing that it is contemplating
carrying out a conditional private placement of new shares (the "Offer Shares")
in the Company to raise gross proceeds of minimum NOK 6 million and up to NOK 9
million. The price per Offer Share will be a fixed price of NOK 0.40.

Assuming subscription of all Offer Shares, the Company will issue 22,500,000
Offer Shares in connection with the Private Placement, each Offer Share with a
par value of NOK 0.25.

The proceeds from the Private Placement will be utilized towards construction
activities at the Sunrise Gardens Resort, to facilitate expected capital
requirements in connection with a refinancing of the Group's credit facility
with UniCredit Bulbank and for general corporate purposes of the Company.

The Company and its local Bulgarian partner, Mr. Boyan Bonev, is currently
seeking to increase EPO Aheloy OOD's (the development and property-owning
company for the Resort) loan facility with Penchev Consult from EUR 7.5 million
to EUR 10 million, and completion of the Private Placement will be subject to
obtaining such increase. The purpose of such increase is to ensure sufficient
capital for the upcoming summer season for 2023 as well as for full repayment of
the Group's credit facility with UniCredit Bulbank if a refinancing is not
achieved.

If the Private Placement is completed, the Company expects to launch a
subsequent offering towards shareholders as of the date of the Private Placement
that did not subscribe for Offer Shares (the "Eligible Shareholders") (the
"Subsequent Offering"). In the Subsequent Offering, the Company will seek to
raise an amount corresponding to the difference between the gross proceeds
actually raised in the Private Placement and NOK 15 million. The subscription
price in the Subsequent Offering will be equal to the subscription price in the
Private Placement. Completion of the Subsequent Offering will be subject to,
amongst other things, approval by the Company's shareholders in a general
meeting and registration and publication of a national prospectus.

Subscribers in the Private Placement will be given the opportunity, pro-rata
based on subscriptions in the Private Placement, to subscribe for any new shares
in the Subsequent Offering that are not subscribed for by the Eligible
Shareholders. The exercise of this right is subject to not all shares in the
Subsequent Offering being subscribed by Eligible Shareholders and there can be
no assurance that any shares may be subscribed on this basis.

In September 2022, the Company raised an amount of NOK 1,915,000 through a loan
from certain investors. The Private Placement will trigger conversion of the
outstanding loan amounts and accrued interest to new shares in the Company. The
price per new share will be the same as in the Private Placement, i.e. NOK 0.40.

The subscription period in the Private Placement will commence today, 10 March
2023 at 16:30 CET and close on 14 March 2023 at 16:30 CET. The Company may,
however, at any time resolve to shorten or extend the subscription period for
any reason. If the subscription period is shortened or extended, any other dates
referred to herein may be amended accordingly.

The Private Placement will be directed towards certain existing shareholders of
the Company and certain new investors, subject to and in compliance with
applicable exemptions from relevant prospectus, filing or registration
requirements. The minimum subscription and allocation amount in the Private
Placement will be the NOK equivalent of EUR 100,000, provided that the Company
may, at its sole discretion, allocate an amount below EUR 100,000 to the extent
applicable exemptions from the prospectus requirement pursuant to applicable
regulations, including the Norwegian Securities Trading Act and ancillary
regulations, are available.

Completion of the Private Placement is subject to the satisfaction of the
following conditions