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.
The Company has received an indication of interest from a significant industrial player, expressing their interest in conducting a transaction involving Argeo and/or all or substantial parts of its subsidiaries, including providing financing for the continued operations of the Argeo Group.
The board supports pursuing the above interest and has decided to allow the industrial player the opportunity finalize and confirm a proposed transaction to be presented to the board and the Company’s shareholders. Assuming that the board remains confident that the indicated interest represents a realistic opportunity for the Company to secure sufficient funding within a realistic time period, it has decided to suspend its decision to file for bankruptcy for the time being. However, no agreements have been entered into at this time and there are no guarantees that the process will succeed, and the board is prepared to continue with its filing for bankruptcy at any time. No existing debt will be served by the Company during this period.
The Company will provide further information in due time.
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.