Oslo, 3 March 2021 - 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 9 February 2021 as registered with the VPS on 11
February 2021 who are eligible to participate (as defined in the prospectus to
be published by the Company) will receive 0.171143 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 (https://mb.cision.com/Public/399/3299364/af89f1dc6025f39e.pdf).
Enquiries
For further information, please contact:
Qazi Qadeer, Chief Financial Offcer
Tel: +44 (0) 203 405 1060
Investors: investors@panoroenergy.com
About Panoro Energy
Panoro Energy ASA is an independent exploration and production company based in
London and listed on the main board of the Oslo Stock Exchange with the ticker
PEN. Panoro holds production, exploration and development assets in Africa,
namely the Dussafu License offshore southern Gabon, OML 113 offshore western
Nigeria (held-for-sale, subject to completion), and the TPS operated assets,
Sfax Offshore Exploration Permit and Ras El Besh Concession, offshore Tunisia.
Subject to completion of certain conditions, Panoro has also farmed-into an
exploration Block 2B, offshore South Africa.
www.panoroenergy.com