Reference is made to the stock exchange announcement made by Ocean GeoLoop AS
(the "Company") on 12 May 2026 regarding the successful private placement of
72,000,000 new shares in the Company, raising gross proceeds of NOK 36 million
(the "Private Placement"), and a potential subsequent repair offering of up to
4,800,000 new shares (the "Subsequent Offering").
On this background, the board of directors of the Company calls for an
extraordinary general meeting to be held on 29 May 2026 at 10:00 hours CEST,
with proposed resolutions to approve the issuance of shares in the Private
Placement and authorize the board to issue shares in the potential Subsequent
Offering. Further, it is proposed that the general meeting resolves to elect a
new board, convert the company to a public limited liability company (with a
preceding bonus issue in order to satisfy the requirement to have a minimum
share capital of MNOK 1), convert certain shareholder loans to equity and also
that it authorizes the board to issue new shares as underwriting fee to the
underwriters of the Private Placement. Please see the notice of the general
meeting for further information.
The extraordinary general meeting will be held on the premises of Schjødt in
Tordenskiolds gate 12, 0160 Oslo.
The notice with the agenda of the general meeting and proxy forms are attached
to this stock exchange announcement and will also be made available on the
Company's webpage https://oceangeoloop.com/.
This information is subject to the disclosure requirements pursuant to Euronext
Growth Oslo Rule Book - Part II and section 5-12 of the Norwegian Securities
Trading Act.
Contacts
Anders Onarheim, Chairman of the Board, Ocean GeoLoop AS, cell: +47 97 40 15 11
Iver Båtvik, CFO, Ocean GeoLoop, cell: +971 585 32 33 17
About Ocean GeoLoop | www.oceangeoloop.com
Ocean GeoLoop AS uses nature's own way to solve the challenges of our time in a
circular way. The company is organized as a holding structure with three
subsidiaries: CAPTURED, COOL and Energi Teknikk AS. CAPTURED has introduced the
GeoLoop CC technology to capture CO2 from point source emissions using natural
processes. COOL develops eLoop cooling solutions for energy-efficient data
centers and industrial applications while Energi Teknikk AS is a full-service
provider of equipment and services for small hydropower plants. Together, the
companies contribute to reduced emissions and improved energy efficiency for the
green transition. Ocean GeoLoop is listed on Euronext Growth Oslo under the
ticker OCEAN.
GeoLoop is listed on Euronext Growth Oslo under the\
ticker OCEAN.\