Key information relating to the reverse share split to be carried out by Oceanteam -Update per 12-11
Nov 12 2019
Date on which the corporate action was made public: 15 August 2019
Reverse split ratio: 23 old shares give 1 new share
Last day including right: 26 November 2019
Ex-date: 27 November 2019
Record date: 28 November 2019
Date of approval: 10 September 2019
Date of extraordinary general meeting of Oceanteam ASA: 10 September 2019
The extraordinary general meeting held on 10 September 2019 approved the proposed measures of share capital reduction, share capital increase and reversed share split. The board of directors of Oceanteam ASA is given the authority to later decide on the timing for carrying out the reverse split. The last day including right, the ex-date and the record date indicated above are thus tentative dates. Oceanteam ASA will issue updated separate announcement(s) in accordance with the Continuing Obligations of the Oslo Stock Exchange (if relevant). For further details, please see the notice to the extraordinary general meeting published on 15 August 2019 and the minutes of extraordinary general meeting published on 10 September 2019.
About Oceanteam ASA
The Company is comprised of two operating segments, Oceanteam Shipping and Oceanteam Solutions. Oceanteam Shipping owns, charters and manages deep-water construction support vessels. Oceanteam Solutions is a service provider to the offshore wind and oil and gas industry with the supply of rental equipment for the transportation, storage and handling of subsea cables. Oceanteam has been active in the industry as an offshore solutions provider for over twelve years.
For more information on the Oceanteam Group of Companies please visit: www.oceanteam.no