Author: Rune Damm

Merger between intra-group companies

In order to simplify the company structure in the group, North Energy ASA proposes to merge the subsidiary North Energy Capital AS and North Energy ASA. The proposed merger will follow the simplified rules as set out in the Public Limited Company Act § 13-24. The Board of Directors in North Energy ASA and North… Read more »

Annual Report and Accounts 2019

North Energy ASA has today published its Annual Report and Accounts for 2019. The report is available here. The annual accounts and report were approved by the Board of Directors on the 19 March 2020. Please note that the Company published a stock exchange notice on the 2 April 2020 regarding the closure of the… Read more »

Results for the fourth quarter 2019

North Energy ASA (“North Energy” or “Company”) records a profit of NOK 12.7 million in the fourth quarter of 2019 compared to a loss of NOK 15.6 million in the same quarter last year. For the full year 2019 the Company records a loss of NOK 16.1 million compared with a loss of 35.0 million… Read more »

Results for the third quarter 2019

North Energy ASA (“North Energy” or “Company”) recorded a comprehensive loss of NOK 17.6 million in the third quarter of 2019, compared with a comprehensive loss of NOK 12.4 million in the same quarter last year. The result reported for this quarter is mainly driven by a net loss of NOK 12.7 million from the… Read more »

Merger between intra-group companies

In order to simplify the company structure in the group, North Energy ASA proposes to merge the fully owned subsidiary North Energy Norge AS and North Energy ASA by transferring all employees, assets, rights and obligations from the subsidiary to the parent company. The proposed merger will follow the simplified rules as set out in… Read more »

Results for the second quarter and first half year 2019

North Energy ASA (“North Energy” or “Company”) recorded a comprehensive loss of NOK 8.4 million in the second quarter of 2019, compared with a comprehensive income of NOK 18.3 million in the same quarter last year. The result reported for this quarter is mainly driven by revenues of NOK 0.9 million, operational expenses of NOK… Read more »

Results for the first quarter 2019

North Energy ASA (“North Energy” or “Company”) recorded a comprehensive loss of NOK 2.8 million in the first quarter of 2019, compared with a comprehensive loss of NOK 25.3 million in the same quarter last year. The result reported for this quarter consist mainly by net gain of NOK 1.9 million from the investment activities,… Read more »

Annual General Meeting 2019

Notice of Annual General Meeting to be held on Tuesday 28 May 2019 at 14:00 CET at Tjuvholmen allé 19 in Oslo. Notice of Annual General Meeting 2019 Nomination Committee recommendations Link for registration and proxy

Annual Report and Accounts 2018

North Energy ASA has today published its Annual Report and Accounts for 2018. The report is available here. The Notice of the Company’s Annual General Meeting, which is expected to be held on 28 May 2019, will be sent to shareholders in due course.

Share buyback program

Reference is made to the stock exchange notice from 20 February 2019 where North Energy ASA announced several key measures to simplify the corporate structure and to initiate a shareholder incentive program. As part of the shareholder incentive program the Company now put forth a buyback offer to shareholders, where shareholders are offered to sell… Read more »