Deep Sea Supply : Extraordinary general meeting held

New Post Public Reply Private Reply Replies (0) Message Board
News Desk 2018
79
Deep Sea Supply : Extraordinary general meeting held

Reference is made to the detailed stock exchange announcement on 24 March 2017 regarding the merger plans (the "Merger Plans") signed by Solstad Offshore ASA ("Solstad Offshore"), Farstad Shipping ASA ("Farstad"), Deep Sea Supply Plc ("DESSC" or the "Company") and Solstad Offshore's relevant subsidiaries to merge the businesses of Solstad Offshore, Farstad and DESSC with Solstad Offshore's relevant subsidiaries as the surviving entities (the "Mergers"). Further reference is made to the notice of extraordinary general meeting in the Company released on 24 March 2017.

The extraordinary general meeting in the Company has been held today. Please find the minutes from the meeting attached.

All proposals on the agenda were adopted, including approval of (i) the merger plan dated 24 March 2017 relating to the cross border merger between the Company and Solship Sub AS (the "Merger"), (ii) the board of director's report dated 24 March 2017 regarding the Merger, (iii) the expert statement from FGH Revisjon AS regarding the Merger and (iv) the dissolution of the Company, without liquidation, as a consequence of and following the Merger. The completion of all resolutions is conditional upon completion of the Mergers.

It is expected that the extraordinary general meetings in Solstad Offshore ASA, Solship Invest 2 AS, Solship Invest 3 AS, Solship Sub AS and Farstad will approve the relevant parts of the Merger Plans during the course of today. It is expected that the Mergers will become effective on or about 9 June 2017 with delivery of consideration shares to the shareholders of Farstad and DESSC in VPS on or about 14 June 2017.

The minutes of the extraordinary general meeting are available on the Company's website www.deepseasupply.no, along with all other previously disclosed documentation pertaining to the extraordinary general meeting. 

Limassol, 25 April 2017

Deep Sea Supply Plc

Anders Hall Jomaas (CFO), phone +47 400 42 918

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

Attachments:

http://www.globenewswire.com/NewsRoom/Attachm...673491c568

Scroll down for more posts ▼

Top 10 Most Recent News Articles

Core Natural Resources Strikes Gold in Q3, Surpassing Targets

Updated Category News Views 145

Core's Strong Q3: A Closer Look The latest buzz in the coal sector is all about Core Natural Resources, Inc. (NYSE: CNR) delivering a sturdy third quarter performance. These folks are playing the market like a fiddle, dishing out $9 million in net income and clocking $165.2 million in adjusted EBITDA. For a sector rife with dust and sweat, that's not too shabby. A Closer...

Continue Reading
S&P 500 Drop: A Market Glitch or Future Trend?

Updated Category News Views 17

A Sudden Jolt in a Trending Market Mornings like these make you question your coffee strength. A major market dip, with the S&P 500 shedding 3.51%, is like a slap to the face, especially when the Nasdaq Composite takes a 5.24% nosedive. The Dow isn't spared, dropping 2.45%. But, let's not lose our heads here. Today is a blip, a pixel in the bigger picture where the S&P...

Continue Reading
Pavlus Travel's Bucket-List Trips in High Demand for 2027

Updated Category News Views 46

Luxury Travel is Having a Moment A fancy vacation isn't just a postcard on the wall anymore—it's now, more than ever, a box folks are itching to check off their lists. Call it a midlife shift or just the world shrugging off its pandemic blues, but high-end travelers are saying, "The time is now," and they're serious. Pavlus Travel, a top name in the lux travel space,...

Continue Reading
Energy Fuels' Bold Moves: An Investor's Analysis

Updated Category News Views 149

Energy Fuels Sets the Stage An era of rare earths and uranium dominance—this is the gauntlet Energy Fuels seems to be throwing down. With the acquisition of ASM and a Korean Metals Plant under its belt, they're flexing a strategy designed to boost the west's autonomous rare earth supply chain. That ain't a small feat, and it looks like they're gearing up for a battle...

Continue Reading
Endava Faces Class Action for Securities Violation

Updated Category News Views 68

Endava's Legal Storm Clouds Gather Well, well, looks like Endava plc (NYSE: DAVA) has found itself knee-deep in a legal quagmire, thanks to some not-so-transparent financial antics. Investors are up in arms, and the fine folks at DJS Law Group are stepping in, filing a class action lawsuit against Endava for overstating their financial health. They allege that Endava made...

Continue Reading
Fedora and Clarion Boost Oncology Practice Performance

Updated Category News Views 77

Hell of a Pair-Up: Fedora and Clarion Focus on Oncology Well, here's a setup that doesn't scream about blue chip stocks—but it's swimming in opportunity all the same. Fedora Healthcare Solutions just shook hands with Clarion, cementing a deal that's piqued my interest for its potential to green-light some real progress for independent oncology practices. These are not...

Continue Reading
Perpetua's Bold Moves Elevate Idaho's Stibnite Gold Project

Updated Category News Views 91

Perpetua Resources Sparking New Conversations Alright, fasten your seatbelts, folks—Perpetua Resources is causing a buzz with its Stibnite Gold Project. If you blink, you might miss what's happening down in Idaho. They've started throwing some serious weight around with fresh gold discoveries that not only promise ounces but maybe some juicy returns for those keeping a...

Continue Reading
Minesto's Tidal Project Nets EU Recognition & Funding

Updated Category News Views 64

Tapping Into the Tides: Minesto's Strategic Leap Table flipping news coming in from Gothenburg! Minesto—the ocean energy trailblazer—is making waves again, snagging the EU's STEP Seal for its Euro Dragon Farm project in Ireland. You couldn't ask for a better boon from Brussels—they're sinking a cool EUR 20.2 million in grant funds into this tidal energy venture....

Continue Reading
Admetec Shines Bright with New High-Magnification Headlights

Updated Category News Views 56

Admetec's Leap into Advanced Optical Solutions In the world of optical magnification, getting the right balance of visibility and comfort hasn't always been a straightforward journey. Now, Admetec, coming out of Haifa, Israel, is throwing a game-changer into the mix with their announcement of the Butterfly EVO+ and Orchid+ series. These ain't just any old headlights;...

Continue Reading
Implantica's RefluxStop® Makes U.S. Debut with a Bang

Updated Category News Views 94

A Fresh Chapter in U.S. Medtech There’s a new kid on the block, folks, and it's making waves in the medtech scene. Implantica has just announced the successful completion of their first RefluxStop® procedures in the good ol' U.S. of A. That's right, we've got another player in the game aiming to shake things up, and frankly, it's about time someone brought a fresh...

Continue Reading

Top 5 Most Recently Viewed Articles

THEON Achieves Landmark NVG Contract with OCCAR, €1 Billion Deal

Updated Category News Views 268

Historic Contract for Night Vision Goggles Signed by THEON Taking a significant step in the realm of military technology, THEON International Plc (THEON) has recently secured a groundbreaking contract amendment with OCCAR, creating a firm order for 100,000 Night Vision Goggles (NVGs) for the German Bundeswehr. Additionally, the Belgian Armed Forces have exercised an...

Continue Reading
Will Nvidia's Earnings Ignite Super Micro's Stock Recovery?

Updated Category News Views 144

Super Micro Computer Inc: Acknowledging Current Performance Super Micro Computer Inc (NASDAQ: SMCI) finds itself at a crossroads, currently trading above $44. This represents a significant drop of 27% over the last month and over 22% versus the last year. In stark contrast, the excitement surrounding Nvidia Corp's (NASDAQ: NVDA) upcoming earnings poses questions about...

Continue Reading
C21 Investments Initiates Share Buyback Program for Growth

Updated Category News Views 117

C21 Investments Initiates Share Buyback Program to Enhance Value C21 Investments Inc. (CSE: CXXI, OTCQX: CXXIF), a prominent vertically integrated cannabis company, has announced a new strategy to enhance shareholder value through the commencement of a normal course issuer bid (NCIB). This initiative allows the company to repurchase up to 6,002,390 of its common shares,...

Continue Reading
Heimar hf. Expands Portfolio with Gróska Acquisition Deal

Updated Category News Views 243

Heimar hf. Expands Portfolio with Gróska Acquisition Deal Heimar hf. has taken a significant step by reaching an agreement to acquire all shares in Gróska ehf. and Gróðurhúsið ehf. This strategic acquisition is set to bolster Heimar's portfolio and enhance its position in the market. Details of the Gróska Acquisition Gróska is recognized as a major player in the...

Continue Reading
How Advanced Tech is Reshaping Digital Asset Recovery Services

Updated Category News Views 355

Transforming Digital Asset Recovery Through Technology The landscape of digital asset recovery is evolving rapidly, thanks to the advancements in blockchain and computational technology. These innovations are instrumental in making the recovery process more effective and efficient. The Role of Leading Companies At the forefront of this transformation is Broker Complaint...

Continue Reading