Forex News
Atlantic Petroleum agrees DKK 360,000 convertible loan
Atlantic Petroleum has entered a DKK 360,000 convertible loan agreement with one lender, with conversion rights tied to its annual or quarterly reports.
- Agreement signed on 6 October 2026.
- Principal amount is DKK 360,000.
- Conversion price fixed at DKK 5.16 per share.
Tórshavn, Faroe Islands, Oct. 6, 2026 — P/F Atlantic Petroleum said it has entered into a convertible loan agreement with one lender under Article 3f of its articles of association. The aggregate principal amount is DKK 360,000.
The lender may convert the loan, including accrued interest, into shares in the company. The conversion price is fixed at DKK 5.16 per share.
The conversion right may be exercised during a 20-day period that starts with publication of the company’s annual or quarterly interim report.
Any new shares issued on conversion will carry the same rights as existing shares. They will be issued without pre-emptive rights for existing shareholders, and Atlantic Petroleum will apply for their admission to trading on Nasdaq Copenhagen.
The resolution on the convertible loan will be incorporated into the company’s articles of association. The updated articles will be posted on the company’s website.
Source: GlobeNewswire,