NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTOTHE UNITED STATES ,AUSTRALIA ,CANADA ,HONG KONG ORJAPAN , OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN. Reference is made to the stock exchange announcements fromBlack Sea Property AS ("BSP" or the "Company", and together with its consolidated subsidiaries, the "Group") on26 September 2023 regarding the launch of a conditional private placement (the "Private Placement") of new shares (the "Offer Shares ") in the Company. The Company's Board of Directors have now resolved to extend the application period in the Private Placement until2 October 2023 at 16.30 CEST. The Board of Directors reserves the right to short or extend the application period in the Private Placement at any time and for any reason. Subject to the application period being closed on2 October 2023 at 16.30 CEST, the extension implies that notifications of conditional allocation are expected to be sent on or about3 October 2032 and that the extraordinary general meeting to discuss and vote over the share capital increases pertaining to the Private Placement and the potential Subsequent Offering will be held on or about17 October 2023 . For further information please contact: Egil Melkevik, Chairman Tel: +47 90 77 09 76 E-mail: em@ms-solutions.no AboutBlack Sea Property AS :Black Sea Property AS is a real estate company with holdings in a real estate project on the Black Sea coast calledSunrise River Beach Resort .Sunrise River Beach Resort is a partially completed project and will upon completion comprise approximately 950 apartments as well as significant commercial space.Black Sea Property AS has indirect ownership to the project and will work to finalizeSunrise River Beach Resort , to realize the project's added value through the sale of residential units and hotel operations.
Click here for more information
© Oslo Bors ASA, source