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Partial repayment of seller’s credit

Dec 30 2022

Oslo, 30th December 2022. Baltic Sea Properties AS (“BALT” or “the Company”, and together with the Company’s subsidiaries, “BSP”) refers to the stock exchange announcement on 23rd of May 2022 concerning the acquisition of  in Klaipeda, Lithuania from Baltic Equity Group etc. As part of the transaction, the sellers granted a seller’s credit of mEUR 4.0. Today the company has repaid mEUR 0.8 of the principal amount and mEUR 0.2 of accumulated interest. New outstanding seller’s credit is mEUR 3.2.

The main shareholder in Baltic Equity Group UAB is the current chairman of the board and primary insider in Baltic Sea Properties, James Andrew Clarke.

For more information, please contact:
Lars Christian Berger
phone: +47 930 94 319

The information in this announcement is subject to disclosure requirements under the EU Market Abuse Regulation and Euronext Growth listing rules.