Black Sea Property AS: Ex. right to participate in Rights Issue today

17 Sep 2024 08:46 CEST

Reference is made to the announcement by Black Sea Property AS (the "Company")
concerning, inter alia¸ the resolution by the general meeting to approve the
share capital increase pertaining to a partially underwritten rights issue to
raise gross proceeds of up to NOK 18 million (the "Rights Issue"). The shares of
the Company are trading exclusive of the right to participate in the Rights
Issue as of today.

The shareholders of the Company as of 16 September 2024 (as registered in the
VPS as of the end of 18 September 2024, the "Record Date") will be granted
subscription rights to participate in the Rights Issue.

Issuer: Black Sea Property AS
Ex. Date: 17 September 2024
Type of corporate event: Rights Issue
Other information: Please see above

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.

This information is published in accordance with the requirements of the
Continuing Obligations.

More information:
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