Registration of the new shares
Reference is made to our announcement 08.12.2022, where the Board of Directors resolved to increase the Company’s share capital in relation with an incentive share program for employees. The Board of Directors, on the basis of an authorisation granted to it by the Annual General Meeting held on 30 May 2022, resolved to increase the share capital of the Company by NOK 812,500, through issuance of 812,500 new shares, each with a nominal value of NOK 1, at a subscription price equal to the Offer Price.
Following the increase the Company`s share capital is NOK 225,725,928 divided into 225,725,928 shares.
The share capital increase has now been registered in the Companies Register (Foretaksregisteret).
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Contact information:
Birgitte Wendelbo Johansen
Chief Financial Officer
Reach Subsea ASA
bwj@reachsubsea.no
About Reach Subsea:
Reach Subsea ASA Group offers subsea services as a subcontractor and/or directly to end clients, based out of our head office in Haugesund. The core business of the Group is based on modern, high spec Work ROVs operated by highly qualified offshore personnel and supported by onshore engineering resources. The Group’s objective is to be a preferred subsea partner and full-service provider of subsea operations for clients, focusing on safety, environment, financial solidity and profitability.
www.reachsubsea.no
This information is subject of the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act. The information was submitted for publication by CFO Birgitte Wendelbo Johansen, on behalf of the Company at the date and time set out above.