Black Sea Property's rights issue raises NOK 10m

Black Sea Property AS (BSP) announced the full subscription of its rights issue, raising gross proceeds of NOK 10,000,000 through the issuance of 200,000,000 new shares at NOK 0.05 per share. The subscription period closed on October 14, 2025.

The final allocation distributed 138,662,894 offer shares based on exercised subscription rights, while 56,729,296 offer shares were allocated to over-subscribers on a pro-rata basis. The remaining 4,607,810 offer shares were allocated to a lender involved in Shareholder Loan 1, which has a principal amount of approximately NOK 5.34 million.

Notifications for allocated shares and payment amounts will be distributed on October 15, 2025, with payment due by October 17, 2025. Subject to timely payment, the new share capital is expected to be registered by October 22, 2025, with offer shares becoming tradable on Euronext Growth Oslo around October 23, 2025.