PETRONOR E&P ASA Oslo ,4 January 2023 :PetroNor E&P ASA ("PetroNor " or the "Company"), announces an Extraordinary General Meeting to take place on26 January 2023 at10:00 AM (CET) . Proposed appointment of two new Directors to the Board Pursuant to recommendation from the nomination committee, the Board is proposing to expand the Board ofPetroNor with two new Directors, Mrs.Azza Fawzi and Mr.Jarle Norman-Hansen , taking the Company's Board to a total of six Directors.Mrs. Fawzi is a formerShell finance executive where she worked in various capacities inQatar ,Nigeria ,Brazil , USGulf of Mexico andMexico . She is an international oil and gas finance executive with global board, audit and executive leadership experience. Mr. Norman-Hansen has more than 30 years of experience from the Nordic property and capital markets overseeing acquisitions and asset management of multibillion investments as well as acting as advisor to many of Scandinavia's largest real estate capital markets transactions. Mr. Norman-Hansen is a current shareholder ofPetroNor through his company Ambolt. The proposed new candidates are considered to be independent of the Company's executive management, material business contacts and main shareholders (being shareholders holding more than 10% of the shares in the Company). Proposal for a Reverse Share Split The Board is furthermore proposing a reverse share split in the ratio 2:1 in order to meet the Oslo Børs' requirements of a minimum share value ofNOK 1 per share. The Company will issue a separate stock exchange announcement at a later date with the key dates for the share consolidation once such dates are established. The formal notice of the Extraordinary General Meeting is attached to this announcement and can be found on the Company's website at www.petronorep.com. Shareholders participating must go to the following website: https://web.lumiagm.com and enter the Meeting ID: 113-380-813. Detailed instructions on how to access the online meeting are included in the notice of meeting. Shareholders must pre-register their attendance prior to the Extraordinary General Meeting. To register their attendance, shareholders receiving the notice of meeting in the post shall follow the link: https://investor.vps.no/gm/logOn.htm?token=dc6f6c378132f2452e1eb744bf1852dae49e1 6cb&validTo=1677315600000&oppdragsId=20221223VPO045U0, while shareholders receiving the notice of meeting electronically can also register their attendance through investor services. This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. For further information, please contact: Investor Relations Email: ir@petronorep.com www.petronorep.com AboutPetroNor E&P PetroNor E&P is anAfrica -focused independent oil and gas exploration and production company listed on Oslo Børs with the ticker PNOR.PetroNor E&P holds exploration and production assets offshoreWest Africa , specifically the PNGF Sud licenses in Congo Brazzaville, the A4 license in TheGambia , the Sinapa (Block 2) and Esperança (Blocks 4A and 5A) licenses inGuinea-Bissau , the Rufisque Offshore Profond and Senegal Offshore Sud Profond inSenegal (in arbitration) and OML-113 inNigeria .
Click here for more information
© Oslo Bors ASA, source
