REM - SALE OF VESSEL

Rem Offshore ASA has entered into an agreement to sell the CSV vessel "Rem Forza" (MT 6022 design), to an international customer. Delivery of the vessel to new owner will take place shortly. The sale will give a booked profit, and a net cash of approx. NOK 200 mill after repayment of debt.

For further information, please contact:

Åge Remøy (CEO), +47 70 08 11 64 / +47 905 91 292

Arild Myrvoll (CFO), +47 70 08 08 94 / +47 900 14 188

Rem Offshore ASA is listed on Oslo Stock Exchange (OAAX) with the ticker REM. The company's offices are located in Fosnavaag. The fleet currently consists of 20 vessels, including 1 vessel under construction (2 OCV, 12 PSVs, 6 CSV). REM Offshore operates a new and modern fleet with an average age of ca 4.5 years and the company currently employs about 470 highly qualified workers. REM Offshore continuously strives to satisfy our customers' demands through improving our operations in line with "best operating practices" and with a continuous focus on health, safety, environment and quality.

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: REM Offshore ASA via Globenewswire

HUG#1975016

iShares Mortgage Real Es... (AMEX:REM)
Historical Stock Chart
From Oct 2024 to Nov 2024