InterOil cuts share capital to NOK 10.1 million from NOK 100.7 million in nominal value reduction

Reuters2026/08/31 16:44

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InterOil Exploration and Production ASA’s EGM on Aug. 13, 2026 backed a share capital reduction to NOK 10.1 million from NOK 100.7 million.
The plan cuts nominal value per share to NOK 0.5 from NOK 5, with the reduction applied against accumulated losses.
Bondholders on July 28, 2026 authorized the July 31 interest payment to be settled in kind (PIK).
The same resolution granted a waiver for delays in financial reporting under the company’s senior secured callable bonds.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. InterOil Exploration and Production ASA published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202608311244OMX_____CNEWS_EN_GNW1001260241_en) on August 31, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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InterOil cuts share capital to NOK 10.1 million from NOK 100.7 million in nominal value reduction

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