Oslo, 29 November 2018 - Panoro Energy ASA (the "Company" with OSE Ticker: PEN)
announces that the Extraordinary General Meeting (EGM) in the Company was held
today at the Company's registered office. All items on the agenda for the EGM
were adopted as proposed by the Board of Directors including to issue new equity
shares pursuant to the recently announced Private Placement and Subsequent
Offering. The Board was also given the authority to cancel the Subsequent
Offering should prevailing market conditions so dictate. Should the Subsequent
Offering be commenced shareholders as per 6 November 2018 as registered with the
VPS on 8 November 2018 will receive 0.08489 subscription rights for each share
owned in the Company.
The minutes of the EGM are attached to this announcement and also available on
the Company's website at the following
link (http://www.panoroenergy.com/investors/general-meetings/).
Enquiries
Panoro Energy ASA +44 203 405 1060
Qazi Qadeer, Chief Financial Officer investors@panoroenergy.com
About Panoro Energy
Panoro Energy ASA is an independent E&P company based in London and listed on
the Oslo Stock Exchange with ticker PEN. The Company holds high quality
production, exploration and development assets in Africa, namely the Dussafu
License offshore southern Gabon, OML 113 offshore western Nigeria and Sfax
Offshore Exploration Permit and Ras El Besh Concession, offshore Tunisia. For
more information, please visit the Company's website at www.panoroenergy.com.