Company Disclosure
Letter received from Kistefos
Kistefos AS and Kistefos Investments AS (together “Kistefos”) have informed the board members and CEO of Solstad Offshore ASA (“SOFF”) that Kistefos is considering initiating a lawsuit against the board members and the CEO to claim compensation for the alleged loss incurred by Kistefos as a result of the refinancing that was announced by SOFF on 23 October 2023. Kistefos is considering initiating the lawsuit in the form of a class action, so that other shareholders in SOFF may participate.
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Company Disclosure
Presentation of the 4th quarter 2023
Solstad Offshore ASA presented the 4th quarter results in a webcast today, 1st of March 2024, at 09:00 CEST.
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Financial report for the 4[th] quarter 2023
Solstad achieved a solid EBITDA margin of 46% in 4Q 2023.
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Sale of vessel
Solstad Rederi AS, a wholly owned subsidiary of Solstad Maritime Holding AS, has sold the AHTS Far Sound and AHTS Far Scimitar.
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Invitation to webcast – presentation of fourth quarter 2023 results
Solstad Offshore welcomes to presentation of its 4Q 2023 report, Friday, March 1st, 2024, at 09:00 am. The presentation will be held by Lars Peder Solstad and Kjetil Ramstad.
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New contract for “Normand Tonjer”
Solstad Offshore ASA (SOFF) is pleased to announce a new contract for the CSV “Normand Tonjer” with an international client. The contract has a duration of 18 months firm with the possibility of 2 x 180 days extension.
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Company Disclosure
Request for extraordinary general meeting is withdrawn
Reference is made to the stock exchange announcement dated 7 December 2023 regarding a request from Kistefos AS (“Kistefos”) that the board of Solstad Offshore ASA (“SOFF”) convenes an extraordinary general meeting in SOFF, and the stock exchange notice dated 18 December 2023 in which it was announced that the date for the general meeting had been postponed in understanding with Kistefos.
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New contract for CSV “Normand Fortress” and contract extension for CSV “Normand Valiant” in Brazil
Solstad Offshore ASA (Solstad) is pleased to announce a new contract for the CSV “Normand Fortress” with PETROBRAS. The contract has a duration of 2 years firm with possibility of 2 years extension. The vessel will provide accommodation services to support production activities on Brazilian continental shelf. Commencement of the contract is 2Q 2024.
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Company Disclosure
Refinancing of Solstad Offshore successfully completed
Skudeneshavn, January 16, 2024 – Solstad Offshore ASA (“SOFF” and, together with its subsidiaries, the “Solstad Group”) is pleased to announce that its subsidiary Solstad Shipholding AS has successfully completed the refinancing as outlined in the stock exchange announcement dated 23 October 2023 (the “Refinancing”).
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Purchase of CSV Normand Tonjer
Solstad Offshore ASA (“Solstad” or “SOFF”) has exercised its option to purchase the CSV Normand Tonjer from Norwegian Mpsv AS (“Mpsv”) at attractive terms for Solstad.
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