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    CARBN   NO0010778095

CARBON TRANSITION ASA

(CARBN)
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Carbon Transition ASA - new share capital registered

11/16/2021 | 04:25am EST
Oslo, 16 November 2021

Reference is made to the stock exchange announcement by Carbon Transition ASA
(the "Company") on 5 November 2021 regarding the approval of a private placement
of new shares in the Company, tranche 2. 

The share capital increase with respect to tranche 2 in the private placement
has now been registered in the Norwegian Register of Business Enterprises (Nw.
Foretaksregisteret). The Company's new share capital is NOK 239,760,117 divided
into 239,760,117 shares, each with a nominal value of NOK 1.00. 

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

About Carbon Transition ASACarbon Transition ASA ("CARBN") is an investment company listed on Euronext
Expand. CARBN has a strategy to invest in companies and technologies which
contribute to significant reductions of carbon emissions. The company may also
invest more broadly in the "energy transition" space. CARBN has a legacy seismic
business operating under the name Axxis Geo Solutions, with both an ocean-bottom
seismic contract business and a multi-client data library.
More information on www.carbn.no

This information is subject to the disclosure requirements pursuant to Section
5-12 of 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 34,4 M 34,5 M -
EV / Sales 2019 0,13x
EV / Sales 2020 0,35x
Nbr of Employees 10
Free-Float -
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Managers and Directors
Nils Christian Haugestad Chief Executive & Financial Officer
Bjorn Gisle Gronlie Executive Chairman
Rick Dunlop Executive Vice President-Operations
Njňl SŠvik Director
Nina Skage Director