Reference is made to the key information notice on 3 November 2025 published by Black Sea Property AS (the "Company"). The shares of the Company are trading exclusive the share consolidation (reverse share split) as of today, as described below.
Issuer name: Black Sea Property AS
Ex-date: 5 November 2025
Type of corporate action: Share consolidation (reverse share split)
Reverse split ratio: 100:1, i.e. one hundred (100) old shares give one (1) new share.
Other information: Following completion of the share consolidation, the new number of issued shares of the Company will be 4,618,376 shares, each with a par value of NOK 5.00.
New ISIN: NO0013685750
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.