Share capital reduction

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.
 
The share capital reduction from NOK 394,896,569 with NOK 197,448,284.50 to NOK 197,448,284.50 by reducing the nominal value of the shares from NOK 0.50 per share with NOK 0.25 per share to NOK 0.25 per share has been registered with the Norwegian Register of Business Enterprises on 22 November 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

For further information please contact:

Leidus Bosman
CEO, Oceanteam ASA
T +31 20 535 75 70
leidus@oceanteam.nl