Latest news with #ConvertibleBonds
Yahoo
19-05-2025
- Business
- Yahoo
Aker Horizons ASA - Result of buy-back offer for Convertible Bonds
FORNEBU, Norway, May 19, 2025 /PRNewswire/ -- Reference is made to the announcement made by Aker Horizons ASA (the "Company" or "Aker Horizons") on 12 May 2025 regarding the Company's launch of a buy-back offer for the Convertible Bond 2021/2026 with ISIN NO0010921596 (the bonds issued thereunder, the "Convertible Bonds"). No bonds were bought back in the buy-back offer, and NOK 1.6 billion of Convertible Bonds remain outstanding, of which NOK 1.3 billion are held by Aker Capital AS. DNB Carnegie, a part of DNB Bank ASA, acted as Manager to the Company for the buy-back offer. Contact: Jonas Gamre, Investor RelationsTel: +47 97 11 82 92Email: IMPORTANT INFORMATION This communication is not an offer to sell or purchase any securities, or the solicitation of an offer to sell or purchase any securities in any jurisdiction in which, or to any person to whom, such solicitation is not authorized or would be unlawful. The information contained in this announcement is for background purposes only and does not purport to be full or complete. No reliance may be placed for any purpose on the information contained in this announcement or its accuracy, fairness or completeness. The publication, distribution or release of this announcement may be restricted by law in certain jurisdictions and persons into whose possession any document or other information referred to herein should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction. This information was brought to you by Cision View original content: SOURCE Aker Horizons
Yahoo
19-05-2025
- Business
- Yahoo
Aker Horizons ASA - Result of buy-back offer for Convertible Bonds
FORNEBU, Norway, May 19, 2025 /PRNewswire/ -- Reference is made to the announcement made by Aker Horizons ASA (the "Company" or "Aker Horizons") on 12 May 2025 regarding the Company's launch of a buy-back offer for the Convertible Bond 2021/2026 with ISIN NO0010921596 (the bonds issued thereunder, the "Convertible Bonds"). No bonds were bought back in the buy-back offer, and NOK 1.6 billion of Convertible Bonds remain outstanding, of which NOK 1.3 billion are held by Aker Capital AS. DNB Carnegie, a part of DNB Bank ASA, acted as Manager to the Company for the buy-back offer. Contact: Jonas Gamre, Investor RelationsTel: +47 97 11 82 92Email: IMPORTANT INFORMATION This communication is not an offer to sell or purchase any securities, or the solicitation of an offer to sell or purchase any securities in any jurisdiction in which, or to any person to whom, such solicitation is not authorized or would be unlawful. The information contained in this announcement is for background purposes only and does not purport to be full or complete. No reliance may be placed for any purpose on the information contained in this announcement or its accuracy, fairness or completeness. The publication, distribution or release of this announcement may be restricted by law in certain jurisdictions and persons into whose possession any document or other information referred to herein should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction. This information was brought to you by Cision View original content: SOURCE Aker Horizons
Yahoo
12-05-2025
- Business
- Yahoo
Aker Horizons ASA - Launch of buy-back offer for Convertible Bonds
FORNEBU, Norway, May 12, 2025 /PRNewswire/ -- Reference is made to the announcement made by Aker Horizons ASA (the "Company" or "Aker Horizons") on 9 May 2025 whereby the Company among other things announced a contemplated merger, an early repayment of its NOK 2.5 billion green bond and that the Company will offer to repurchase its NOK 1.6 billion Convertible Bond 2021/2026 with ISIN NO0010921596 (the bonds issued thereunder, the "Convertible Bonds"). The Company has today launched an irrevocable offer to all holders of Convertible Bonds to buy back Convertible Bonds in cash at a price equal to 93 per cent. of par value of the Convertible Bonds (the "Offer"). Aker Capital AS, which holds Convertible Bonds equalling NOK 1.3 billion par value, has undertaken not to accept the redemption offer. DNB Carnegie, a part of DNB Bank ASA (the "Manager") has been engaged as Manager to the Company for the Offer. Bondholders who are eligible to participate in the Offer will be contacted by the Manager and may otherwise reach out to the Manager (email: to receive the bondholders offer form relating to the Offer. Any Bondholders who wish to accept the Offer must have delivered a duly completed bondholders offer form to the Manager within 16:00 CEST on 16 May 2025. The Company expects to be able to publish the result of the Offer on or about 19 May 2025. Contacts:Kristoffer Dahlberg, Chief Financial OfficerTel: +47 91 12 44 75Email: Gamre, Investor RelationsTel: +47 97 11 82 92Email: IMPORTANT INFORMATION This communication is not an offer to sell or purchase any securities, or the solicitation of an offer to sell or purchase any securities in any jurisdiction in which, or to any person to whom, such solicitation is not authorized or would be unlawful. The information contained in this announcement is for background purposes only and does not purport to be full or complete. No reliance may be placed for any purpose on the information contained in this announcement or its accuracy, fairness or completeness. The publication, distribution or release of this announcement may be restricted by law in certain jurisdictions and persons into whose possession any document or other information referred to herein should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction. This information was brought to you by Cision View original content: SOURCE Aker Horizons Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
12-05-2025
- Business
- Yahoo
Aker Horizons ASA - Launch of buy-back offer for Convertible Bonds
FORNEBU, Norway, May 12, 2025 /PRNewswire/ -- Reference is made to the announcement made by Aker Horizons ASA (the "Company" or "Aker Horizons") on 9 May 2025 whereby the Company among other things announced a contemplated merger, an early repayment of its NOK 2.5 billion green bond and that the Company will offer to repurchase its NOK 1.6 billion Convertible Bond 2021/2026 with ISIN NO0010921596 (the bonds issued thereunder, the "Convertible Bonds"). The Company has today launched an irrevocable offer to all holders of Convertible Bonds to buy back Convertible Bonds in cash at a price equal to 93 per cent. of par value of the Convertible Bonds (the "Offer"). Aker Capital AS, which holds Convertible Bonds equalling NOK 1.3 billion par value, has undertaken not to accept the redemption offer. DNB Carnegie, a part of DNB Bank ASA (the "Manager") has been engaged as Manager to the Company for the Offer. Bondholders who are eligible to participate in the Offer will be contacted by the Manager and may otherwise reach out to the Manager (email: to receive the bondholders offer form relating to the Offer. Any Bondholders who wish to accept the Offer must have delivered a duly completed bondholders offer form to the Manager within 16:00 CEST on 16 May 2025. The Company expects to be able to publish the result of the Offer on or about 19 May 2025. Contacts:Kristoffer Dahlberg, Chief Financial OfficerTel: +47 91 12 44 75Email: Gamre, Investor RelationsTel: +47 97 11 82 92Email: IMPORTANT INFORMATION This communication is not an offer to sell or purchase any securities, or the solicitation of an offer to sell or purchase any securities in any jurisdiction in which, or to any person to whom, such solicitation is not authorized or would be unlawful. The information contained in this announcement is for background purposes only and does not purport to be full or complete. No reliance may be placed for any purpose on the information contained in this announcement or its accuracy, fairness or completeness. The publication, distribution or release of this announcement may be restricted by law in certain jurisdictions and persons into whose possession any document or other information referred to herein should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction. This information was brought to you by Cision View original content: SOURCE Aker Horizons Sign in to access your portfolio
Associated Press
28-02-2025
- Business
- Associated Press
Pantheon Resources PLC Announces Exercise of Right to Increase Convertible Bonds
Exercise of right to increase the aggregate amount of the Convertible Bonds to US$35 million LONDON, UK / ACCESS Newswire / February 28, 2025 / Pantheon Resources plc ('Pantheon' or the 'Company'), the AIM-quoted oil and gas exploration company with 100% working interests in certain projects located adjacent to transportation and pipeline infrastructure on the Alaska North Slope, announced on 26 February 2025 that it had granted to Sun Hung Kai & Co. Limited and its affiliates, clients and funds managed or advised by them (the 'Convertible Bond Investor') the sole right to increase the aggregate amount of senior convertible bonds due March 2028 (the 'Convertible Bonds') from $30.5 million to $35 million. Further to that announcement, the Company is pleased to advise that Convertible Bonds Investor has made the election and exercised that right to increase the offering size of the Convertible Bonds to US$35 million. All other terms of the Convertible Bonds as announced on 20 February 2025 remain unchanged. The increased amount received under the Convertible Bonds will be used for working capital, expenses and G&A. David Hobbs, Chairman of Pantheon Resources, said: 'The upsize of the Convertible Bond will provide additional runway for the Company to complete the flow testing in the Megrez-1 well and prepare for future activities.' For further information, please contact: Pantheon Resources plc Justin Hondris Nominated Adviser and Broker Canaccord Genuity Limited Henry Fitzgerald-O'Connor, James Asensio, Charlie Hammond +44 20 7523 8000 Public Relations Contact BlytheRay Tim Blythe, Megan Ray, Matthew Bowld +44 20 7138 3204 USA Investor Relations Contact MZ Group Lucas Zimmerman, Ian Scargill +1 949 259 4987 About Pantheon Resources Pantheon Resources plc is an AIM listed Oil & Gas company focused on developing its 100% owned Ahpun and Kodiak fields located on State of Alaska land on the North Slope, onshore USA. Independently certified best estimate contingent recoverable resources attributable to these projects currently total c. 1.6 billion barrels of ANS crude and 6.6 Tcf (trillion cubic feet) of associated natural gas. The Company owns 100% working interest in c. 259,000 acres. Pantheon's stated objective is to demonstrate sustainable market recognition of a value of $5-$10/bbl of recoverable resources by end 2028. This is based on bringing the Ahpun field forward to FID and producing into the TAPS main oil line (ANS crude) by the end of 2028. The Gas Sales Precedent Agreement signed with AGDC (Alaska Gasline Development Corporation) provides the potential for Pantheon's natural gas to be produced into the proposed 807 mile pipeline from the North Slope to Southcentral Alaska during 2029. Once the Company achieves financial self-sufficiency, it will apply the resultant cashflows to support the FID on the Kodiak field planned, subject to regulatory approvals, targeted by the end of 2028 or early 2029. A major differentiator to other ANS projects is the close proximity to existing roads and pipelines which offers a significant competitive advantage to Pantheon, allowing for shorter development timeframes, materially lower infrastructure costs and the ability to support the development with a significantly lower pre-cashflow funding requirement than is typical in Alaska. Furthermore, the low CO2 content of the associated gas allows export into the planned natural gas pipeline from the North Slope to Southcentral Alaska without significant pre-treatment. The Company's project portfolio has been endorsed by world renowned experts. Netherland, Sewell & Associates estimate a 2C contingent recoverable resource in the Kodiak project that total 1,208 mmbbl (million barrels) of ANS crude and 5,396 bcf (billion cubic feet) of natural gas. Cawley Gillespie & Associates estimate 2C contingent recoverable resources for Ahpun's western topset horizons at 282 mmbbl of ANS crude and 803 bcf of natural gas. Lee Keeling & Associates estimated possible reserves and 2C contingent recoverable resources totalling 79 mmbbl of ANS crude and 424 bcf natural gas.
