Rødningen Invest AS, a close associate of Board member Kåre Rødningen, has now
sold a total of 1,500,000 shares in Black Sea Property AS, at an average price
of NOK 0.14 per share. Following such sale, Rødningen Invest AS holds a total of
1,823,863 shares in Black Sea Property AS, corresponding to approximately 0.70%
of the total outstanding shares and votes in Black Sea Property AS.
Please also see the attached notification forms for further information.
For further information, please contact:
Egil Melkevik, Chairman
Tel: +47 90 77 09 76
E-mail: em@ms-solutions.no
This information is subject to the disclosure requirements in Article 19 of the
EU Market Abuse Regulation.
About Black Sea Property AS:
Black Sea Property AS is a real estate company with holdings in a real estate
project on the Black Sea coast called Sunrise River Beach Resort. Sunrise River
Beach Resort is a partially completed project and will upon completion comprise
approximately 950 apartments as well as significant commercial space. Black Sea
Property AS has indirect ownership to the project and will work to finalize
Sunrise River Beach Resort, to realize the project's added value through the
sale of residential units and hotel operations.