TECO 2030 ASA - Decision to petition for Bankruptcy

10 Dec 2024 21:30 CET

10.12.2024 21:30:00 CET | TECO 2030 ASA | Additional regulated information
required to be disclosed under the laws of a member state

Lysaker, Norway - 10 December 2024: Reference is made to the stock exchange
notice of 14 November 2024 in which it was disclosed that a bankruptcy petition
was filed against TECO 2030 ASA (the "Company"). Further reference is made to
the stock exchange notice of 3 December 2024 where the implications of the
bankruptcy filing of TECO 2030 Innovation Center AS were highlighted.

The board of directors of the Company has this evening decided to file for
bankruptcy. The board decision is unanimous and is due to the fact that there is
no longer a realistic opportunity to raise sufficient capital to continue
operations. The bankruptcy petition will be filed this evening.

DISCLOSURE REGULATION

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

CONTACTS

* Pål Christian Johnsen, CFO, +47 412 76 747, pcj@teco2030.no
* Tore Enger, CEO of TECO 2030 ASA, +4792083800, tore.enger@teco2030.no

ATTACHMENTS

Download announcement as PDF.pdf -
https://kommunikasjon.ntb.no/ir-files/17847477/18355151/5400/Download%20announce
ment%20as%20PDF.pdf

More information:
Access the news on Oslo Bors NewsWeb site

634300_Download announcement as PDF.pdf