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    CARBN   NO0010778095

CARBON TRANSITION ASA

(CARBN)
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Axxis Geo : Redemption of bond loan

06/17/2021 | 02:16am EST
Lysaker, 17 June 2021

Reference is made to the stock exchange announcement of Axxis Geo Solutions ASA
(the "Company") dated 27 April 2021 regarding the bondholders' adoption of the
proposed resolution to approve the reconstruction plan and the redemption of all
outstanding bonds under the Company's 8.00% senior secured USD 35,000,000 bonds
2020/2022 (ISIN NO 001 0887383). The Company has now completed the redemption of
the bond loan through a combination of cash payments and issuance of new shares.


Contacts
Ronny Bøhn, CEO
Ronny.Bohn@axxisgeo.com
+47 905 58 517

Nils Haugestad, CFO
Nils.Haugestad@axxisgeo.com
+47 977 04 439

About AGS
Axxis Geo Solutions (Axxis) is a pure-play ocean bottom node seismic company
uniquely positioned to pursue both contract and multi-client seismic. Axxis
specializes on delivering tailored seismic solutions and flexible project
management and execution to oil and gas companies world-wide. Its operations are
based on a scalable asset-light setup through chartering of vessels and nodes to
complete seismic surveys. 
Axxis is listed on EURONEXT EXPAND OSLO and traded under the ticker Axxis.
More information on www.axxisgeo.com

This information is considered to be inside information pursuant to the EU
Market Abuse Regulation and is subject to the disclosure requirements pursuant
to Section 5-12 the Norwegian Securities Trading Act.

Click here for more information

© Oslo Bors ASA, source Oslo Stock Exchange

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Financials (USD)
Sales 2020 92,8 M - -
Net income 2020 -3,13 M - -
Net Debt 2020 28,1 M - -
P/E ratio 2020 -11,5x
Yield 2020 -
Capitalization 34,3 M 34,3 M -
EV / Sales 2019 0,13x
EV / Sales 2020 0,35x
Nbr of Employees 10
Free-Float 87,1%
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Managers and Directors
Ronny B°hn Chief Executive Officer
Nils Christian Haugestad Chief Financial Officer
Bjorn Gisle Gronlie Chairman
Rick Dunlop Executive Vice President-Operations
Njňl SŠvik Director