Solstad Offshore ASA
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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Solstad Offshore ASA
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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Solstad Offshore ASA
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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Solstad Offshore ASA
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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Solstad Offshore ASA
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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Solstad Offshore ASA
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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Solstad Offshore ASA
Presentation of the 2nd quarter 2023
Solstad Offshore ASA presented the 2nd quarter results in a webcast today, 25th of August 2023, at 09:00 CEST.
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Financial report for the 2nd quarter 2023
Solstad delivered the strongest quarter in the Company’s history in terms of Operating Income and EBITDA, and achieving a strong EBITDA margin at 49%.
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