Reference is made to Oceanteam ASA's (OSE trading symbol: "OTS"; hereinafter "Oceanteam" or the "Company") press release of 5 September 2017 regarding the municipal court of Bergen's receipt of a petition for a public investigation ("Investigation") in the Company.
The Company has today received the ruling from the court, which concludes that an Investigation of certain related party transactions will be initiated.
The Company and its legal counsel is of the opinion that there are no legal grounds for an Investigation and that the court's ruling is incorrect. The ruling will therefore be appealed.
Oceanteam will provide the market with further update in due course.
About Oceanteam ASA
The Company is comprised of two operating segments, Oceanteam Shipping and Oceanteam Solutions. Oceanteam Shipping owns, charters and manages deep-water offshore support vessels and fast support vessels. Oceanteam Solutions' focus is to provide its clients with complete offshore solutions. Oceanteam ASA has been active in the industry as an offshore solutions provider for over twelve years.
For more information: www.oceanteam.no
| For further information about Oceanteam ASA please contact: | ||
| CEO Haico Halbesma: | +31 20 53 57 570, | haico@oceanteam.no |
| CFO Jos van Dijk: | +31 20 53 57 570, | jos@oceanteam.nl |
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.