An Extraordinary General Meeting of OHT ASA (the "Company") was held today, on 30 September 2021. All proposals on the agenda were adopted in accordance with the Board of Directors’ proposal.
The Extraordinary General Meeting resolved to increase the share capital of the Company by NOK 31,432,505.40 from NOK 12,223,752.10 to NOK 43,656,257.5, by the issuance of 314,325,054 new shares. The new shares will be subscribed for by Subsea 7 Blue Space Limited against a contribution in kind of 100% of the shares in Seaway Offshore Cables GmbH, SHL Holding NL B.V., Seaway Aimery AS, Seaway Moxie AS and Seaway Phoenix AS. This contribution constitutes the offshore fixed wind business of Subsea 7 S.A. (the “Transaction”).
The closing of the Transaction is scheduled to take place tomorrow morning on 1 October 2021.
The Extraordinary General Meeting also resolved, with effect from closing of the Transaction:
• A change of the Company's name to Seaway 7 ASA.
• The election of a new board of directors consisting of: Rune Magnus Lundetræ, Kristian Siem, John Evans, Nathalie Louys and Monica Bjørkmann. Effective from closing of the Transaction, Marianne Heien Blystad and Fredrik Platou will resign from the board.
• The appointment of Ernst & Young AS as the new auditor.
The minutes of the Extraordinary General Meeting are attached and will be made available on https://www.oht.no/investor-relations/general-meetings.
For further information, please contact:
Tom Jebsen, Chief Financial Officer
+47 907 47 997