Reach Subsea ASA – New share capital registered
Haugesund, 15 March 2023: Reference is made to the stock exchange announcement by Reach Subsea ASA ("Reach" or the "Company") on 15 February 2023 regarding completion of a private placement (the "Private Placement") of new shares in the Company.
The Private Placement consist of one tranche of 22,500,000 new shares and a second tranche of 6,911,000 new shares to applicants who accepted deferred settlement in a separate tranche 2 ("Tranche 2").
The new shares in Tranche 2 resolved issued in an extraordinary general meeting on 10 March 2023, have now been registered with the Norwegian Register of Business Enterprises. The new share capital of the Company is NOK 255,136,928.00 divided into the equivalent number of shares, each with a nominal value of NOK 1.00.
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. www.reachsubsea.no