Company Disclosure
Commencement of subscription period for Subsequent Offering
Reference is made to the stock exchange notices by Solstad Offshore ASA (“Solstad” or “the Company”) on 19 and 20 October 2020, respectively, regarding the approval of prospectus (the “Prospectus”) and key information relating to a subsequent offering of 1,336,973 new shares in the Company, each with a par value of NOK 1.00 (the “Subsequent Offering”), at a subscription price of NOK 2.80 per share (the “Subscription Price”). The subscription period will commence today, 26 October 2020, at 09:00 CET and expire on 9 November 2020 at 16:30 CET (the “Subscription Period”).
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Company Disclosure
Subsequent offering: update on number of subscription rights
Reference is made to the stock exchange notice by Solstad Offshore ASA on 20 October 2020 at 11:49 CET regarding inter alia the contemplated subsequent offering towards Eligible Shareholders (as defined in the aforementioned notice).
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Company Disclosure
Correction on tradability of new shares
Reference is made to the stock exchange notice by Solstad Offshore ASA on 20 October 2020 at 17:09 CET regarding the registration of the new share capital following completion of the restructuring of the Solstad Offshore group.
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Company Disclosure
Ex share consolidation and subscription right in subsequent offering today
Reference is made to the stock exchange notices by Solstad Offshore ASA on 19 October 2020 on key information relating to the share consolidation (reverse split) and on 20 October 2020 on key information relating to the contemplated subsequent offering, both as approved by the extraordinary general meeting on 20 October 2020.
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Company Disclosure
New share capital registered
Reference is made to the stock exchange notice by Solstad Offshore ASA (the “Company”) earlier today (the “Notice”) regarding the approval by the extraordinary general meeting of the restructuring of the Solstad Offshore group and the final decisions by the Company’s board of directors based on the level of subscription in the Private Placements. All terms used in this notice shall have the meaning ascribed to such terms in the Notice.
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Company Disclosure
Key information relating to subsequent offering
Reference is made to the stock exchange notice by Solstad Offshore ASA earlier today (the “Notice”) regarding the approval by the extraordinary general meeting of the restructuring of the Solstad Offshore group and the final decisions by the board of directors, including with respect to the authorisation to the board to complete the Subsequent Offering (as defined in the Notice).
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Company Disclosure
Disclosures of large shareholdings and primary insider notifications
Reference is made to the stock exchange notice by Solstad Offshore ASA (the “Company”) earlier today (the “Notice”) regarding the approval by the extraordinary general meeting of the restructuring of the Solstad Offshore group (the “Restructuring”) and the final decisions by the Company’s board of directors (the “Board”) regarding, inter alia, the allocation to investors of new shares in the private placements (the “Private Placements”), as set out in the Notice. All terms used in this notice shall have the meaning ascribed to such terms in the Notice.
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Company Disclosure
Allocation board meeting held
Reference is made to the stock exchange notice by Solstad Offshore ASA (the “Company” and together with its subsidiaries, the “Group”) earlier today for the approval by the extraordinary general meeting (the “EGM”) of the fully financed restructuring of the Group’s debt and equity (the “Restructuring”).
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Extraordinary general meeting held: Approval of restructuring
Reference is made to previous stock exchange notices by Solstad Offshore ASA (the “Company”) concerning the proposed fully financed restructuring of the Solstad Offshore group, including the stock exchange notice on 29 September 2020 for the summons of an extraordinary general meeting on 20 October 2020 (the “EGM”).
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Approval of prospectus
Reference is made to previous stock exchange notices by Solstad Offshore ASA (the “Company” and together with its subsidiaries, the “Group”) pertaining to the proposed fully financed restructuring of the Group’s debt and equity, including the stock exchange notice on 29 September 2020 regarding the summons of an extraordinary general meeting to be held on 20 October 2020 (the “EGM”) in connection with the restructuring.
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