OCEANTEAM ASA - BOTE DE VRIES APPOINTED AS NON-EXECUTIVE DIRECTOR
Mr. B. (Bote) de Vries (1958) has been appointed as Director of the Board of Oceanteam ("the Company"), the Norwegian-Dutch offshore service provider listed at the Oslo stock exchange. Mr. de Vries succeeds Mr. James Hill who stepped down and who has been a Director on Oceanteam's Board since 2012.
The appointment of Mr. De Vries was approved by Oceanteam's shareholders during an EGM on 9 May 2017. Mr. De Vries, working as an independent consultant for Finamar BV, has a vast experience in the financial sector and offshore-related industry. He holds a Master's degree in Law from the University of Leiden (The Netherlands). Currently, he is also a non-executive board member of Artilium (London, UK) and of Lloyds Fonds AG (Hamburg, FRG) as well as a board member of Golden Close (Bermuda) and North Atlantic Drilling Limited (Bermuda). Mr. de Vries does not hold any shares in the Company, directly or indirectly.
Oceanteam's CEO Haico Halbesma says: "Mr. De Vries was presented to us by our bondholders. His appointment was one of the conditional terms the bondholders imposed in order to come to a final deal regarding the new bond loan agreement that was approved by a majority of them at the end of April 2017. We look forward to working with him. And at the same time we welcome Mr. de Vries as a Director, we say goodbye to Mr. James Hill who has contributed a great deal to the strategic direction Oceanteam has taken and the course it has kept under very severe market circumstances during the past years. We owe him a lot in this respect."
Per 15 May 2017, the Oceanteam Board of directors consists of the following members:
· Mr. Hessel Halbesma -chairman
· Ms. Catharina Pos -director
· Mr. Bote de Vries -director
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,||firstname.lastname@example.org|
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.