GEOS: Postponement of Capital Reduction and Cash Distribution
2026-07-22 14:26:51
Ålesund, 22 July 2026:
Golden Energy Offshore Services ASA ("GEOS" or the "Company") refers to the
stock exchange releases published on 20 July 2026 in connection with the
contemplated capital reduction by way of reducing the par value of each of the
Company's shares from NOK 8.00 to NOK 1.00, with (i) a cash distribution per
share of NOK 4 (the "Cash Distribution") and (ii) the remaining reduction amount
to be transferred to "other paid-in equity" in the Company's books.
Due to technical issues, the registration of the capital reduction with the
Norwegian Register of Business Enterprises will not be completed on 22 July 2026
as expected. Accordingly, the Company's shares will not trade exclusive of the
right to the Cash Distribution from tomorrow 23 July 2026.
The Company will publish updated key information relating to the Cash
Distribution, including ex-date and expected time of payment, in a separate
stock exchange when the technical registration issues have been solved.
This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
***
For further information, please contact:
Per Ivar Fagervoll
CEO
pif@geoff.no
Mobile: +47 974 28 884
if@geoff.no\
Mobile: +47 974 28 884 \