Black Sea Property shareholders approve rights issue, capital increase

Black Sea Property AS announced the completion of its extraordinary general meeting today, where all proposed resolutions were passed in accordance with the board's recommendations. This follows previous notices on September 9 and 12, 2025, regarding a contemplated rights issue and further details on capital increase proposals.

Key resolutions include increasing share capital by a minimum of NOK 0.05 and a maximum of NOK 10,000,000 through the issuance of 1 to 200,000,000 new shares, each with a nominal value of NOK 0.05. The subscription price for the rights issue is set at NOK 0.05 per share, with a subscription period from September 30 to October 14, 2025. Shareholder Loan 1, with a principal amount of approximately NOK 5.34 million, may convert to new shares.

Additionally, the board received authorization to increase share capital by up to NOK 7,528,512 through the issuance of 150,570,240 new shares, each with a nominal value of NOK 0.05, through conversion of a shareholder loan. This authorization is valid until January 15, 2027. The estimated expenses for the capital increase are NOK 250,000.