The Petrolia NOCO AS shares have now been registered at the Norwegian Central Securities Depository, “VPS” with ISIN: NO 0010844301 and the Articles of Association have been updated to make the shares freely tradable without neither pre-emption rights to existing shareholders nor need of board approval.
In the EGM 22 March 2019, Independent Oil & Resources PLC resolved to dividend all their shares in Petrolia NOCO AS to their shareholders. This transaction is expected to be completed in the first week of April. The number of shareholders is then expected to approach 700 (minimum number of shareholders to qualify for listing at Oslo Stock Exchange is 500).
