As a result of a private placement of shares issued on the
23 February 2017, the holdings of Invesco Ltd., for and on
behalf of funds managed by its affiliates, will fall below
5% of the voting rights and share capital in Badger Explorer
ASA (see Appendix). Under Chapter 4 of the Securities
Trading Act, we hereby notify the Stock Exchange of the
following.
1. Name of company in which holdings have been disposed
Badger Explorer ASA
2. Date of change in holdings
23 February 2017
3. Exact proportion of voting rights and share capital
in Badger Explorer ASA, by type of shares
Holdings by Invesco Ltd., for and on behalf of funds managed
by its affiliates, are now as follows:
Number Proportion of Proportion of
share capital voting rights
_____________________________________________________________
Ordinary shares 21,225,389 2.16% 2.16%
_____________________________________________________________
TOTAL 21,225,389 2.16% 2.16%
4. Shareholder's complete name, trade register number
Invesco Ltd. for and on behalf of funds managed by its
affiliates.
Invesco Ltd. is the holding company of the Invesco Group.
Company Number: 308372
Henley-on-Thames, 23 February 2017
Invesco Ltd.