Asker, 7 July 2025 at 08:30 CEST: Reference is made to the stock exchange notice by Argeo ASA (the “Company” or “Argeo”) on 4 July regarding an update on its financial situation and the board had resolved to initiate a process whereby the Company will file for bankruptcy.
The Company has resolved to file for bankruptcy and the Company expects the formal filing to take place on or about Tuesday 8 July 2025. In addition to the Company, the boards of the Company’s Norwegian subsidiaries Argeo Survey AS, Argeo Robotics AS and Argeo Multiclient AS have also resolved to file for bankruptcy for such subsidiaries. It is also expected that the Company’s non-Norwegian subsidiaries in Scotland, Singapore and the US will file for bankruptcy.
Further, the Company’s subsidiary Argeo Survey AS has received notifications of termination and repossession from the charter owners for the charters of the vessels Argeo Searcher and Argeo Venture.
For more information, please contact:
Jan Grimnes, Chairman
Email: Jan.grimnes@redback.no
Phone: +47 982 30 332
This information is considered to be inside information pursuant to the EU Market Abuse Regulation (MAR) and is subject to the disclosure requirements pursuant to MAR article 17 and section 5 -12 of the Norwegian Securities Trading Act. This stock exchange notice was published by Odd Erik Rudshaug, Chief Financial Officer, at Argeo ASA on the date and time provided.