Norse Atlantic shareholders approve convertible loan authorization at EGM

Norse Atlantic ASA's Extraordinary General Meeting (EGM), held on September 9, 2025, saw shareholders approve all proposed agenda items. The digitally held meeting recorded a strong attendance, with 60,610,853 shares represented, accounting for 41.01% of the company's total share capital. Terje Bodin Larsen, chair of the board, opened and chaired the meeting, with Anders Jomaas appointed to co-sign the minutes.

A key resolution passed was the authorization for the board of directors to issue convertible loans. This authorization allows for the issuance of one or more convertible loans, with an aggregate amount not exceeding $30,000,000 or its equivalent in other currencies. The company's share capital may increase by up to NOK 36,950,604 as a result of these conversions, representing 50% of the company’s registered share capital.

The authorization is valid until the Annual General Meeting in 2026, but no later than June 30, 2026. Shareholders also approved the right to set aside existing shareholders' preferential rights to subscribe to the convertible bonds and allowed for the subscription amount to be settled by set-off against existing claims the subscriber holds against the company. Anders Jomaas, cfo, is the contact for further information.