Reach Subsea Announces Extraordinary General Meeting Held
Source: www.gulfoilandgas.com 3/10/2023, Location: Europe
Reference is made to the stock exchange announcement by Reach Subsea ASA ("Reach Subsea") on 16 February 2023 regarding a notice of an extraordinary general
meeting of the Company.
An extraordinary general meeting of Reach Subsea ASA was held today, 10 March 2023. The main purpose of the extraordinary general meeting was to (i) approve issuance of the remaining shares in tranche 2 of the private placement completed on 15 February 2023, (ii) authorise the Company's Board of Directors (the "Board") to issue shares in a potential subsequent offering as announced on 15 February 2023 and (iii) renew the Board authorisation to issue shares limited to approx. 10% of the Company's share capital (as originally given in the annual general meeting on 30 May 2022).
All the proposed resolutions set out in the notice of the extraordinary general meeting were adopted in accordance with the Board's proposals.
