High Power Petroleum (SeaPulse) UK Ltd, a close associate of board member,
senior executive and primary insider Scott Aitken, has today, 30 June 2023,
transferred 9,049,853 shares in the Company to a related party pursuant to the
terms of a pre-existing financing arrangement at a price of NOK 10.0838 per
share. Following the transaction, High Power Petroleum (SeaPulse) UK Ltd holds
zero shares in Seacrest Petroleo Bermuda Limited.
The acquirer of the shares, Ivanhoe Capital Holdings Pte Ltd., an affiliate of
High Power Petroleum (SeaPulse) UK Ltd, has assumed the lock-up undertakings
made by High Power Petroleum (SeaPulse) UK Ltd in connection with the initial
public offering in Seacrest Petroleo Bermuda Limited for the remaining lock-up
Please see the enclosed form for further details about the transactions.
This information is subject to the disclosure requirements in Regulation EU
596/2014 (MAR) article 19 number 3, section 5-12 of the Norwegian Securities
About Seacrest Petroleo
Seacrest Petroleo is an independent oil and gas production company with an
integrated portfolio of onshore producing oil fields and export infrastructure
onshore in Espírito Santo, Brazil. The fields have estimated oil and gas in
place volumes of 1.2 billion barrels of oil equivalents and certified 2P
reserves of 140 million barrels of oil equivalents. The Company has exclusive
control over its infrastructure, continuously from field production to offshore
tanker loading terminal, allowing for cost-effective operations, and enabling
direct access to markets for its premium grade products. The Company has offices
in Bermuda, Norway and Brazil.