NORTHERN OFFSHORE LTD. 
By
HOUSTON, TEXAS - February 9, 2012 - On January 18, 2012,
Northern Offshore, Ltd. (Oslo Børs: NOF.OL) (the "Company")
announced that it had received a request on behalf of Geveran
Trading Co., Ltd. ("Geveran"), the owner of approximately
33.27% of the Company's outstanding shares, that a special
general meeting of the Company be convened for the
purpose
of removing the current directors and electing new directors.
On February 6, 2012, the Company notified its shareholders
that a special general meeting would be held on March 13,
2012 at 1:00
P.M. EDT at the Le Parker Meridien Hotel in New York City, NY
for the purpose of removing the current directors and
electing new directors (the "Special General Meeting").
Effective February 8, 2012, the Board of Directors of the
Company was reconstituted following the resignation of
Stephen Knudtzon and the resignation of James LaChance as
chairman of the Board of Directors, with the election of
Harald Thorstein as a director of the Company and the
election of Scott O'Keefe as a director and chairman of the
Board of Directors.
Effective as of February 8, 2012, there are five (5)
directors of the Company, as follows:
1. Cecilie Fredriksen
2. Hillel Y. Goldstein
3. James LaChance
4. Harald Thorstein
5. Scott O'Keefe, Chairman
With this reconstitution of the Board of Directors, Geveran
has caused the Company to be notified that it has withdrawn
its request for the Special General Meeting. The Company will
take all necessary action to postpone or cancel the Special
General Meeting.
About the Company
Northern Offshore, Ltd. is a Bermuda holding company which
operates offshore oil and gas production and drilling vessels
in various markets around the world, including the North Sea,
the Indian Ocean, the Mediterranean Sea and Southeast Asia.
The company's fleet consists of one floating production
facility and five drilling units (a drillship, a
semisubmersible and three
jackup
drilling rigs). More information on Northern Offshore, Ltd.
may be found by visiting the company's website at http://www.northernoffshorelimited.com.
For further information, please contact: Brian Hefty at
713-739-7686,
or via email at brian.hefty@northernoffshoreltd.com.
| distribué par | Ce noodl a été diffusé par Northern Offshore Ltd. et initialement mise en ligne sur le site http://www.northern.bm. La version originale est disponible ici. Ce noodl a été distribué par noodls dans son format d'origine et sans modification sur 2012-02-10 01:48:50 AM et restera accessible depuis ce lien permanent. Cette annonce est protégée par les règles du droit d'auteur et toute autre loi applicable, et son propriétaire est seul responsable de sa véracité et de son originalité. |
| Documents associés | |
| Election of New Directors and Cancellation of Special General Meeting |