InterOil cuts share capital to NOK 10.1 million from NOK 100.7 million in nominal value reduction
Reuters2026/08/31 16:44- 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.
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