Oslo, 25 August 2022 – Panoro Energy ASA (“Panoro” or the “Company”) with OSE Ticker: “PEN”) confirms that following the previously disclosed resolution by the board of directors of the Company to distribute shares in PetroNor E&P ASA as a dividend in specie, 92,126,288 shares have been delivered to eligible shareholders of Panoro. Following such delivery, the Company now holds 4,451,249 shares in PetroNor E&P ASA, which represents 0.31% of all outstanding shares and votes in PetroNor E&P ASA. Consequently, the threshold of 5% holding of shares and votes has been crossed.
This announcement is made pursuant to the Continuing Obligations of Euronext Oslo Børs.