Reach Subsea ASA – New share capital registered
Haugesund, 22 December 2023: Reference is made to the stock exchange announcement published by Reach Subsea ASA (the "Company") on 8 December 2023 regarding the Company’s share incentive program.
The Board of Directors of the Company has allocated a total of 850,000 new shares to the participants in the incentive program. The Subscription price for the shares was NOK 2.64 per share.
Following the increase the Company`s share capital is NOK 271.769.245 divided into 271.769.245 shares.
The share capital increase has now been registered in the Companies Register (Foretaksregisteret).
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 high quality solutions and technology to clients in need of ocean data and services. Services are offered out of our head office in Haugesund as well as from our subsidiaries and branches located across Norway, US, UK, Cyprus, Singapore, Trinidad, Perth and Brazil. The Group’s objective is to be a preferred partner and full-service provider of ocean services for clients, focusing on safety, environment, financial solidity and profitability. Our vision “Sustainable access to ocean space” underpins our commitment to the development of sustainable solutions, with stakeholder groups key interests in focus.
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
This release was issued by CFO Birgitte Wendelbo Johansen 22/12/23.