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.
The parties set out in the letter are:
– The board members of SOFF
– The CEO of SOFF
– Aker Capital AS
– The board chair of Aker Capital AS
– The CEO of Aker Capital AS
– AMSC ASA
– The board chair of AMSC ASA
– The CEO of AMSC ASA
– Solstad NewCo AS (potentially)
In the alternative, Kistefos AS proposes that the general meeting shall resolve that SOFF and/or its subsidiaries shall bring a claim for repayment of unlawful distributions received as a result of the said transactions.
Kistefos furthermore proposes that a substitute board shall be elected for SOFF to undertake the preparation, filing and management of the claim and the legal proceedings, and that the general meeting adopts certain additional procedural instructions in the handling of the claim.
Kistefos AS owns approximately 5.16% of the shares in SOFF. Accordingly, the board is obligated to convene the general meeting so as to allow the general meeting to vote on Kistefos’ proposals in accordance with section 5-7 (2) of the Norwegian Public Limited Liability Companies Act. The date of the general meeting will be communicated separately. The board will revert with its view on the matter.
Skudeneshavn, 7 December 2023
Lars Peder Solstad CEO, at +47 91 31 85 85
Kjetil Ramstad CFO, at +47 90 75 94 89
Solstad Offshore ASA
This information is subject of the disclosure requirements according to the Norwegian Securities Trading Act section § 5-12.