PR Newswire
OSLO, Norway, June 28, 2021
OSLO, Norway, June 28, 2021 /PRNewswire/ -- Norwegian Energy Company ASA ("Noreco" or the "Company") has today announced a trading and operations update to the market for the two months ending 31 May 2021. A Capital Markets Update is attached and will be made available on the Company's website, www.noreco.com. In addition, the Company will seek to engage in bondholder discussions regarding the addition of further covenant headroom under its NOR14 Senior Unsecured Bond agreement.
The Company's second quarter financial statements will, as planned, be released to the market on 13 July 2021. The Company has not completed its second quarter 2021 financial reporting. The estimates provided in this release are therefore subject to change and the second quarter financials may deviate from the information provided herein.
Financial
The information provided above includes certain alternative performance measures ("APMs"). These APMs are consistent with those used in the Company's annual and quarterly financial statements and reference is made to the Company's first quarter 2021 financial statements.
Operational
About Norwegian Energy Company ASA
Noreco is a publicly owned company with focus on the oil, gas and offshore industry. The Company's shares are listed on the Oslo Stock Exchange (ticker NOR). For further information, please visit: www.noreco.com.
IMPORTANT NOTICE
This announcement is not and does not form a part of any offer to sell, or a solicitation of an offer to purchase, any securities of Norwegian Energy Company ASA. The distribution of this announcement and other information may be restricted by law in certain jurisdictions. Copies of this announcement are not being made and may not be distributed or sent into any jurisdiction in which such distribution would be unlawful or would require registration or other measures. Persons into whose possession this announcement or such other information should come are required to inform themselves about and to observe any such restrictions.
FORWARD LOOKING STATEMENTS. Matters discussed in this announcement include forward-looking statements. Forward-looking statements are statements that are not historical facts and may be identified by words such as "believe," "expect,", "plans", "anticipate," "intends," "estimate," "will," "may," "continue," "should" and similar expressions. Forward-looking statements include statements regarding: objectives, goals, strategies, outlook and growth prospects; future plans, events or performance and potential for future growth; liquidity, capital resources and capital expenditures; economic outlook and industry trends; commodity prices and developments in the Company's markets. The forward-looking statements in this announcement are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, management's examination of historical operating trends, data contained in the Company's records and other data available from third parties. Although the Company believes that these assumptions were reasonable when made, these assumptions are inherently subject to significant known and unknown risks, uncertainties, contingencies and other important factors which are difficult or impossible to predict and are beyond its control. Such risks, uncertainties, contingencies and other important factors could cause the actual results of the Company or the industry to differ materially from those results expressed or implied in this announcement by such forward-looking statements. No representation is made that any of these forward-looking statements will come to pass or that any forecast result will be achieved and you are cautioned not to place any undue influence on any forward-looking statement.
The information, opinions and forward-looking statements contained in this announcement speak only as at its date and are subject to change without notice. The Company does not undertake any obligation to review, update, confirm, or to release publicly any revisions to any forward-looking statements to reflect events that occur or circumstances that arise in relation to the content of this announcement.
No representation is made as to the accuracy or completeness of this announcement and none of them accepts any responsibility for the contents of this announcement or any matters referred to herein.
This announcement is for information purposes only and is not to be relied upon in substitution for the exercise of independent judgment. It is not intended as investment advice and under no circumstances is it to be used or considered as an offer to sell, or a solicitation of an offer to buy any securities or a recommendation to buy or sell any securities in the Company. No liability arising from the use of this announcement is accepted.
This information is considered to be inside information pursuant to the EU Market Abuse Regulation, and is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.
This stock exchange announcement was published by the contact persons above in Norwegian Energy Company ASA on 28 June 2021 at 16:30 (CEST).
This information was brought to you by Cision http://news.cision.com
The following files are available for download:
Noreco - Capital Markets Update 20210628 |
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