Deep Sea Supply : Extraordinary general meeting he
Post# of 301275
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.
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