Incentive AS, in its capacity as discretionary investment manager of several
funds and separately managed accounts, today (24 September 2026) has been
allocated 100 334 448 shares in 2020 Bulkers Ltd (the "Company"), at a price of
0,299 USD per share (the "Transaction"), in a private placement of 585 284 280
new shares (the "Offer Shares").
The Offer Shares will be issued by the Company on a separate ISIN BMG9156K1190
and will thus not be tradable on Euronext Oslo Børs or fungible with the 22 930
906 current shares outstanding in the Company which are listed on Euronext Oslo
Børs with ticker "2020" and ISIN BMG9156K1018 (the "Existing Shares").
Before the Transaction, the funds and separate accounts managed by Incentive AS
did not own any shares in the Company.
After the Transaction, the funds and separate accounts managed by Incentive AS
own 17.143 % of the Offer Shares in the Company, and 16.497 % of the voting
rights and total outstanding shares in the Company. The first day of quoting of
the Offer Shares on Euronext NOTC is expected on or about 1 October 2026.
For further details, please refer to the press release:
https://live.euronext.com/en/products/equities/company-news/2026-09-24-2020-bulk
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