Solstad Offshore could today announce contracts for the AHTS vessels Normand Borg and Normand Draupne.
Nor Offshore Ltd. (NOR), a Singapore incorporated company which is 50% owned by Solstad Offshore ASA (SOFF), submitted a listing application on 18 February 2010 to the Singapore Exchange Securities Trading Limited (SGX-ST) and on 21 May 2010 received the conditional eligibility-to-list letter (“ETL Letter”) from SGX-ST for the listing of NOR on the Mainboard of the SGX-ST. The ETL Letter is not an indication of the merits of the IPO, NOR, its subsidiaries, its shares and the new shares to be issued pursuant to the IPO.
Solstad Offshore ASA (SOFF) has today taken delivery of "Normand Prosper" (AHTS AH12) from STX Norway Offshore AS, Brattvåg. The vessel will trade the spot market from delivery.
Reference is made to the detailed announcement dated 14. April 2009 from Solstad Offshore ASA (SOFF) relating to the agreement regarding the divison of Rem Offshore ASA (REM).
TERMS AND CONDITIONS SOLSTAD OFFSHORE ASA · P.O.BOX 13 · N-4297 SKUDENESHAVN · NORWAY · T:(+47) 52856500 · FIRMAPOST@SOLSTAD.NO