The shareholders of Sevan Marine ASA (the “Company“) are invited to attend an extraordinary general meeting to be held on 12 October 2018 at 10.00 am (CET) at the Company’s offices at Lysaker Torg 12, 1366 Lysaker, Norway.
In the transaction with Sembcorp Marine Integrated Yard Pte. Ltd. (“Sembcorp“), the Company received USD 39 million as cash consideration. In line with the Company’s announcement on 8 June 2018, the Company contemplates to distribute the proceeds from the Transaction to its shareholders. The board of the Company has called for the extraordinary general meeting to seek approval for payment of an extraordinary dividend in a total amount of NOK 315,641,994, corresponding to NOK 6.00 per share. The extraordinary dividend will be based on an audited interim balance sheet to be approved by the extraordinary general meeting.
For further information regarding the proposed extraordinary dividend, and also the distribution of the reduction amounts in the share capital reductions resolved by the general meetings on 24 May 2018 and 6 July 2018, respectively, please see the separate key date information notice published by the Company today.
The board has also proposed certain amendments to the Company’s articles of association as well as change of the Company name.
The notice of the extraordinary general meeting and a company presentation is attached to this announcement.
For further information, please contact:
Reese McNeel, CEO, Sevan Marine ASA
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.