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- Black Sea Property AS: Notifiable Transactions – Grant of Warrants
Black Sea Property AS: Notifiable transactions – grant of warrants
29 Aug 2024 10:51 CEST
Issuer
Black Sea Property AS
Reference is made to the stock exchange notice dated 24 June 2024, where it was
announced that the general meeting of Black Sea Property AS (the "Company" or
"BSP") had approved, inter alia, an issuance of 8,000,000 warrants to the
members of the Company's Board of Directors. The grant of the Warrants were
subject to completion of the share capital decrease approved by the general
meeting held on 24 June 2024. The creditor notification period for such share
capital decrease has now expired, and the share capital decrease will shortly be
submitted for registration. It has therefore been considered appropriate to
notify the grant of warrants at this time.
The warrants are granted free of charge. Each warrant gives the holder the right
to require issuance of one (1) new share in the Company at a subscription price
of NOK 0.12 per share.
The following primary insiders of the Company have been granted warrants:
• Chairman Egil Melkevik has been granted 2,000,000 warrants;
• Board member Hans Gulseth has been granted 2,000,000 warrants;
• Board member Kåre Rødningen has been granted 2,000,000 warrants; and
• Board member Dag Espen Arnesen has been granted 2,000,000 warrants.
Please also see the attached notification forms for further information.
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.
More information:
Access the news on Oslo Bors NewsWeb site
626543_240829 - Notification form - Hans Fredrik Gulseth - warrants(2188981.3).pdf
626543_240829 - Notification form - Egil Melkevik - warrants(2188978.3).pdf
626543_240829 - Notification form - Kåre Rødningen - warrants(2188982.3).pdf
626543_240829 - Notification form - Dag Espen Arnesen - warrants(2188983.3).pdf
Source
Black Sea Property AS
Provider
Oslo Børs Newspoint
Company Name
BLACK SEA PROPERTY
ISIN
NO0010755101
Symbol
BSP
Market
Euronext Growth