Reference is made to the extraordinary general meeting of Oceanteam ASA ("Oceanteam" or "Company") held on 10 September 2019 (the “EGM”) in which, the shareholders of the Company have approved the proposed measures of share capital reduction, share capital increase and reversed share split. Further reference is made to the announcements of the Company of 12 November 2019 and 27 November 2019 in which it is announced that the shares in Oceanteam shall be traded ex reverse split and new face value as from 27 November 2019.
On 4 December 2019 the reversed share split in the ratio 23:1 has been registered with the Norwegian Register of Business Enterprises in accordance with the resolution of the EGM whereas 23 old shares have been consolidated into one new share with a nominal value of NOK 5,75. Following the reversed share split the share capital of the Company is NOK 197,448,289.75 divided into 34,338,833 shares with a nominal value of NOK 5,75 each.
About Oceanteam ASA
The Company is an investment platform for offshore wind, subsea and marine contracting services. Oceanteam is currently comprised of two operating segments, Oceanteam Shipping and Oceanteam Solutions. Oceanteam Shipping co-owns, charters and manages two high-end versatile deep-water construction support vessels, active in the offshore wind and subsea segments. Oceanteam Solutions is a service provider to the offshore wind industry with the supply of rental equipment and integrated services 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