Asker, 9 July 2025: Reference is made to the stock exchange notices by Argeo ASA (the “Company” or “Argeo”) on 4 July and 7 July regarding the Company’s financial situation and the board’s resolution to file for bankruptcy.
Further reference is made to the notice on 9 July regarding the Company having received indication of interest from a significant industrial player, expressing their interest in conducting a transaction involving Argeo, and the board having decided to suspend its decision to file for bankruptcy.
The Company has requested Euronext Oslo Børs to uphold the decision to suspend the trading of its shares until any new information can be provided to the market regarding the potential bankruptcy process and/or the received indication of interest.
For more information, please contact:
Jan Grimnes, Chairman
Email: Jan.grimnes@redback.no
Phone: +47 982 30 332
About Argeo ASA
Argeo is a comprehensive subsea service provider, operating across three major sectors: Oil & Gas, Marine Minerals, and Renewables. The Company offers a unique package that integrates robust vessels, state-of-the-art autonomous underwater vehicles (AUVs), advanced sensors, digital imaging technology, and an intuitive digital platform designed to collect and visualize complex data.
With their own vessels and high-performance AUVs, Argeo delivers fast and flexible full-lifecycle services, including survey, inspection, maintenance, and repair, aimed at improving efficiency and reducing the carbon footprint for global, industry-leading clients.
Argeo has established offices in Asker (Oslo), Edinburgh, Houston, and Rio de Janeiro.
The Company is listed on Euronext Oslo Børs under the ticker: ARGEO.
Please visit www.argeo.no for more information.
This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.