General Meeting completed

2017-03-03T12:40:50

The general meeting of Farstad Shipping ASA has now been completed. The minutes are attached.

Pursuant to the resolution of the general meeting, the restructuring plan is approved. The new board is:

1. Sverre Andreas Farstad, Chairman

2. Audun Stensvold, board member

3. Merete Haugli, board member

Contacts:

CEO Karl-Johan Bakken - tel. +47 901 05 697

CFO Olav Haugland - tel. +47 915 41 809

Farstad Shipping's fleet currently consists of 56 vessels (27 AHTS, 22 PSV and 7 SUBSEA). The company's operations are managed from Aalesund, Melbourne, Perth, Singapore, Macaé and Rio de Janeiro with a total of 1,500 employees engaged onshore and offshore. The company's strategy is to be a leading quality provider of large, modern offshore service vessels to the oil industry.

www.farstad.com

Minutes from Extraordinary General Meeting

Farstad Shipping ASA published this content on 03 March 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 03 March 2017 12:48:06 UTC.

Original documenthttps://www.farstad.com/business/news--media/press-releases?location=http://publish.ne.cision.com/Release/GetDetail/1BDA4293666559B0

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