Reach Subsea ASA – Extraordinary general meeting held
Haugesund, 10 March 2023: Reference is made to the stock exchange announcement by Reach Subsea ASA ("Reach Subsea" or the "Company") on 16 February 2023 regarding a notice of an extraordinary general meeting of the Company.
An extraordinary general meeting of Reach Subsea ASA was held today, 10 March 2023. The main purpose of the extraordinary general meeting was to (i) approve issuance of the remaining shares in tranche 2 of the private placement completed on 15 February 2023, (ii) authorise the Company's Board of Directors (the "Board") to issue shares in a potential subsequent offering as announced on 15 February 2023 and (iii) renew the Board authorisation to issue shares limited to approx. 10% of the Company's share capital (as originally given in the annual general meeting on 30 May 2022).
All the proposed resolutions set out in the notice of the extraordinary general meeting were adopted in accordance with the Board's proposals.
The minutes from the extraordinary general meeting are attached hereto and will also be made available on the company's webpage at www.reachsubsea.no.
For more information please contact:
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.