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Corporate governance


Oceanteam is a Norwegian public limited liability company (ASA) listed on Oslo Børs (the Oslo Stock Exchange). The company is therefore subject to the corporate governance requirements set out in the Norwegian Public Limited Liability Companies Act 1997 (the NCA), the Norwegian Securities Trading Act of 2007 (the STA) and the Norwegian Stock Exchange Regulations (the SER).

An efficient Board of Directors directs Oceanteam and has collective responsibility for the success of the company. The board represents, and is accountable to, the shareholders of the company. The directors are appointed by the shareholders at a general meeting for a period of two years. The general meeting also elects the chairman of the board.
The board of directors’ duties include the strategic guidance of the company, an effective monitoring of the senior management, the control and monitoring of the company’s financial situation, and the company’s accountability towards and communication to its shareholders.
 

Invitation to Q4 2016 investor presentation

Feb 15 2017 Oceanteam ASA cordially invites you to attend a corporate presentation of the company’s  Q4 2016 results   The presentation will be held in Oslo: Tuesday, 28 February 2017, 08:00 CET Hotel Continental Stortingsgaten 24/26 N-0117 Oslo   To participate please RSVP to:   info@oceanteam.no

McDermott to exercise its option to purchase PLV North Ocean 105

Jan 13 2017 Oceanteam ASA ("Oceanteam" or "Company") announces that joint-venture partner McDermott will exercise its option to purchase Oceanteam’s 25% ownership in the vessel-owning company North Ocean 105 AS by the end of April 2017. Under McDermott’s main credit facility agreement, it has announced that it is required to do so. 

Oceanteam ASA reaches understanding with bond holders on refinancing current bond loan agreement

Jan 12 2017 Today, Oceanteam ASA ("Oceanteam" or "Company") announced it has reached an understanding with its bond holders on the main terms of the bond loan. As part of a financial restructuring announced in October 2016, the company entered into constructive talks with its banks and its bond holders. 
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