Brief: Carbon Transition Invests In Dolphin Drilling, Revises Corporate Strategy

Fjord Defence ASA

05/09/2022 08:07

Sept 5 (Reuters) - Carbon Transition ASA  CARBN.OL :
    * ANNOUNCES INVESTMENT IN DOLPHIN DRILLING AND A REVISED
CORPORATE
STRATEGY
    * HAS MADE AN INVESTMENT OF USD 1.75 MILLION IN A PRIVATE
PLACEMENT OF COMMON SHARES IN DOLPHIN DRILLING AS
    * DOLPHIN DRILLING IS TARGETING TO LIST ITS SHARES ON
EURONEXT
GROWTH AND EXPECTS TO HAVE ITS SHARES TRADED ON OR ABOUT 13
SEPTEMBER 2022
    * UNDER REVISED STRATEGY, CARBON TRANSITION WILL EXPAND ITS
INVESTMENT FOCUS INTO NEW AREAS IN ADDITION TO ITS PREVIOUSLY
ANNOUNCED STRATEGIC TARGETS
    * GOING FORWARD, CARBON TRANSITION WILL ALSO INVEST IN OTHER
INDUSTRIAL SECTORS IN LISTED COMPANIES AS WELL AS COMPANIES
EXPECTED TO BE LISTED IN NEAR TERM
    * STRATEGIC SHIFT HAS BEEN MADE TO OPTIMIZE COMPANY'S
ABILITY TO
GENERATE ATTRACTIVE INVESTMENT RETURNS THROUGH BUSINESS CYCLE
AND CAPITALIZE ON COMPANY'S CORE STRENGTHS

Source text for Eikon:  ID:nObi6T5wta 
Further company coverage:  CARBN.OL 

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