Company Disclosure
Request of general meeting in Solstad Offshore ASA
The board of Solstad Offshore ASA (“SOFF”) has received a letter from Kistefos AS (“Kistefos”) pursuant to which Kistefos requests that the board convenes SOFF’s general meeting in order to resolve that SOFF shall bring a damages claim against the parties listed below, jointly and severally, in respect of alleged losses suffered by SOFF as a result of the transactions announced by SOFF in the stock exchange notice dated 23 October 2023.
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Company Disclosure
Presentation of the 3rd quarter 2023
Solstad Offshore ASA presented the 3rd quarter results in a webcast today, 1st of December 2023, at 09:00 CEST.
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Financial report for the 3rd quarter 2023
Solstad delivered another strong quarter in terms of operating income and EBITDA, and achieved a solid EBITDA margin at 49%.
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Company Disclosure
New contracts for CSV Normand Australis and AHTS Normand Sirius in Australia
Solstad Offshore ASA (Solstad) is pleased to announce contract awards in Australia for two of its vessels.
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Company Disclosure
Invitation to webcast – presentation of third quarter 2023 results
Solstad Offshore welcomes to presentation of its 3Q 2023 report, Friday, December 1st, 2023 at 09:00 am. The presentation will be held by Lars Peder Solstad and Kjetil Ramstad.
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Solstad Offshore and Kongsberg Maritime to collaborate on decarbonisation technologies
Solstad Offshore and Kongsberg Maritime have entered into a collaboration agreement to identify and trial decarbonisation technologies across Solstad’s fleet.
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Company Disclosure
Sale of Vessel
Solstad Rederi AS, a wholly owned subsidiary of Solstad Offshore ASA, has sold the AHTS Nor Spring.
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Ex date
Reference is made to the stock exchange notice by Solstad Offshore ASA (“SOFF”) on 23 October 2023 with key information regarding the right to receive subscription rights in Solstad Newco in connection with the refinancing of Solstad Offshore refinancing of Solstad Offshore (the “Subscription Rights”) and to the stock exchange notice on 26 October 2023 with additional information regarding the Subscription Rights.
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Mandatory notification of trade
Fausken Invest AS, a company controlled by Frank O. Reite, board member in Solstad Offshore ASA (“SOFF”) has today exercised its option to acquire 356,509 shares in SOFF at a price of NOK 3.1117 per share, pursuant to a put/call agreement with Aker Capital AS that was announced on 20 October 2020.
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Company Disclosure
Further information regarding subscription rights in Solstad Newco in connection with the refinancing of Solstad Offshore
Reference is made to the stock exchange notice by Solstad Offshore ASA (“SOFF”) on 24 October 2023 with key information about the subscription rights in Solstad Newco in connection with the contemplated private placement to raise NOK 0.75 billion in new equity in Solstad NewCo (the “Private Placement”).
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Refinancing of Solstad Offshore
Reference is made to the stock exchange notice by Solstad Offshore ASA (“Solstad”, “Company”) 23 October 2023 regarding the refinancing of Solstad Offshore (the “Notice”).
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Share Capital Increase Registered
Reference is made to the stock exchange notices by Solstad Offshore ASA (the “Company”) dated 20 October 2023, regarding Jarsteinen AS’ exercise of 5,038,187 warrants into shares in the Company against a total payment to the Company by Jarsteinen AS of NOK 14,106,923.60(the “Conversion”).
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Key information relating to subscription rights in Solstad Newco in connection with the refinancing of Solstad Offshore
Reference is made to the stock exchange notice by Solstad Offshore ASA (“SOFF”) 23 October 2023 regarding the refinancing of Solstad Offshore (the “Notice”).
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Refinancing of Solstad Offshore
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, CANADA, HONG KONG, JAPAN OR THE UNITED STATES, OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN
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Exercise of warrants, managers’ transactions, disclosure of major shareholding
Reference is made to the stock exchange notices by Solstad Offshore ASA (the “Company”) dated 20 October 2020, regarding the restructuring of the Company and its subsidiaries in October 2020 (the “Restructuring”).
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Contract Extensions
Solstad Offshore is pleased to announce the declaration of yearly options for three of our vessels with long term clients:
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Company Disclosure
Pareto Securities’ Energy Conference 2023 presentation
Solstad Offshore ASA (“Solstad”) is set to present at the 30th Annual Energy Conference hosted by Pareto Securities at 14:05 CEST
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Contract awards for CSVs “Normand Baltic” and “Normand Samson”
Solstad Offshore ASA (“Solstad”) is pleased to announce the following new contract awards for two of its subsea vessels (CSV).
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Company Disclosure
Contract extension for CSV “Normand Superior”
Solstad Offshore is pleased to announce a contract extension for the CSV “Normand Superior” with Ocean Infinity AB. The contract is now firm until 1Q 2026, with two optional years thereafter.
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Company Disclosure
Contract awards from Ocean Installer for CSV “Normand Navigator” and 5 of the company’s AHTS’s
Solstad Offshore ASA (“Solstad”) is pleased to announce that Ocean Installer Limited (“Ocean Installer”) has awarded Solstad a contract for a project in West Africa. The project will be executed by the five large AHTS’s “Normand Drott”, “Normand Prosper”, “Normand Sapphire”, “Normand Sigma” and “Normand Sirius”. The combined contract duration is minimum 380 vessel-days and will commence in 4Q 2023.
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Remota will develop and offer remote operations and semi-autonomous maritime services to existing vessels and remote operations of ROVs and USVs. In addition, the company’s remote operations center will function as a control center for remote services for various marine applications, above and below the waterline.
Windstaller Alliance is combining the expertise of three offshore industry leaders to deliver an integrated and highly flexible offering of products, fabrication services, subsea services, marine operations and related engineering services for offshore renewables. Windstaller Alliance aims to cut the amount of supplier interfaces, thereby reducing technical and commercial project risk as well as time usage through better integration of services, project management and asset utilization. The key differentiation is that developers and operators can now obtain life-of-field support from one dedicated supplier.
Over a decade with
sustainability awareness.
We acknowledged the climate challenge, and our contribution to it, many years ago. With the successful Solstad Green Operations program, we have a head start on many of our competitors when it comes to improving our carbon footprint.
Vision and values
Our vision is to deliver industry-leading sustainable operations to the global offshore energy market.