SeaBird Exploration Plc: Distribution of shares in Green Minerals AS

30 Dec 2022 09:55 CET

30.12.2022 09:55:35 CET | Green Energy Group (Seabird Exploration Plc) |
Non-regulatory press releases

Limassol, Cyprus - 30 December 2022 - Reference is made to the quarterly report
dated 31 August 2022 where Seabird Exploration Plc (the "Company") announced its
intention to distribute its 7,151,128 shares in Green Minerals AS to its
shareholders ("the Distribution"), and to the approval of Resolution (I) and (J)
from the extraordinary General Meeting held 13 October 2022.

The Company is pleased to announce that the demerger has been approved by the
Cyprus Court, and the registration with the Registrar of Companies in Cyprus is
due to be effectuated from 22 December 2022. As soon as all formal letters and
documentation have been received early January, the Company will announce an
effective date of the distribution. In connection with the distribution, Green
Minerals AS will host a webcast with a business presentation and update of the
company.

The Distribution to the Company's shareholders of the shares in Green Minerals
AS will be on a pro-rata basis, rounded down to the closest share without
payment of the fractions, to the number of shares held by each shareholder in
the Company at the record date. This will equal to 1 Green Minerals AS share per
12 shares held in Seabird Exploration Plc. The Distribution will be conducted as
a repayment from the share premium fund.



DISCLOSURE REGULATION

This information is subject to the disclosure requirements in article 19 of the
Market Abuse Regulation and section 5-12 of the Norwegian Securities Trading
Act.

CONTACTS

* Sveinung Alvestad, CFO, Seabird Exploration Plc, +47 952 90 460,
sveinung.alvestad@sbexp.com

ATTACHMENTS

Download announcement as PDF.pdf -
https://kommunikasjon.ntb.no/ir-files/17848273/2006/2677/Download%20announcement
%20as%20PDF.pdf

More information:
Access the news on Oslo Bors NewsWeb site

579386_en_Download announcement as PDF.pdf