NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, INTO OR WITHIN CANADA, AUSTRALIA, NEW ZEALAND, SOUTH AFRICA, JAPAN,
HONG KONG, OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR
DISTRIBUTION WOULD BE UNLAWFUL.
(Oslo, 23 August 2024) Reference is made to the stock exchange announcements by
Knox Energy Solutions AS (Knox, OSE: KNOX) on 23 August 2024 regarding the
preliminary results of the offer to the shareholders of Rapid Oil Production
Ltd. (Rapid Oil) to convert shares in Rapid Oil (Rapid Shares) to shares in the
Company (the Offer).
Following final verification, the Company has received acceptances for the Offer
for a total of 28,190 Rapid Shares, equivalent to approximately 20.1 % of the
total number of Rapid Shares. Together with the 28,000 Rapid Shares already held
by the Company, this represents approximately 40 % of the share capital in Rapid
Oil.
Of the acceptances, 17,790 shares were conditional on a continued listing of the
Company, while 10,400 were unconditional.
Further, the Company announces that an extraordinary general meeting was held
today, 23 August 2024, (the "EGM") as a virtual meeting. All items on the agenda
were adopted in accordance with the proposals by the Company's board of
directors, including the resolutions to issue the shares and warrants related to
the Offer.
Please find attached the EGM minutes and the company presentation held
afterwards.
For further information, please contact:
Geir Aune, Chairman, ga@knox-energy.com
Harald B. Hansen, CEO,?hh@knox-energy.com
This information is published in accordance with the requirements of the
Continuing Obligations for companies listed on Euronext Growth Oslo and section
5-12 of the Norwegian Securities Trading Act.
About Knox | knox-energy.com
Knox Energy Solutions AS is an international energy company, with a holding in
Rapid Oil Production Ltd. (Rapid), a UK-based oil and gas company backed by a
highly experienced board and management team.?Knox Energy Solutions AS is listed
on Euronext Growth under the ticker KNOX.
Important information
This announcement is not and does not form a part of any offer to sell, or a
solicitation of an offer to purchase, any securities. The distribution of this
announcement and other information may be restricted by law in certain
jurisdictions. Copies of this announcement are not being made and may not be
distributed or sent into any jurisdiction in which such distribution would be
unlawful or would require registration or other measures. Persons into whose
possession this announcement or such other information should come are required
to inform themselves about and to observe any such restrictions.
Matters discussed in this announcement constitute forward-looking statements.
Forward-looking statements are statements that are not historical facts and may
be identified by words such as "believe", "expect", "anticipate", "strategy",
"intends", "estimate", "will", "may", "continue", "should" and similar
expressions. The forward-looking statements in this release are based upon
various assumptions, many of which are based, in turn, upon further assumptions.
Although Knox believes that these assumptions were reasonable when made, these
assumptions are inherently subject to significant known and unknown risks,
uncertainties, contingencies and other important factors which are difficult or
impossible to predict and are beyond its control.
The information, opinions and forward-looking statements contained in this
announcement speak only as at its date, and are subject to change without
notice. Knox undertakes no obligation to review, update, confirm, or to release
publicly any revisions to any forward-looking statements to reflect events that
occur or circumstances that arise in relation to the content of this
announcement.
This announcement is for information purposes only and is not to be relied upon
in substitution for the exercise of independent judgment. It is not intended as
investment advice and under no circumstances is it to be used or considered as
an offer to sell, or a solicitation of an offer to buy any securities or a
recommendation to buy or sell any securities.