Extraordinary General Meeting 2010

As previously announced the Board of Directors decided on 25 October 2010 to call for an Extraordinary General Meeting in Fred.Olsen Production ASA on 16 December 2010 at 2 p.m. at the Company’s offices in Fred.Olsen gate 2, Oslo, Norway.

In order to improve the financial flexibility of the company the Board is proposing to restructure the Company’s equity capital by way of transferring USD 305 million from Share Premium Reserves to Free Reserves.

The summons to the extraordinary general meeting on 16 December 2010 will be sent to the shareholders with known addresses and is also enclosed by way of separate file.

 

About Us

Fred. Olsen Production ASA (FOP) is listed on the Oslo Stock Exchange (trades under the ticker "FOP") and has been active in the offshore oil & gas production business since 1994. FOP’s first day of listing was May 11th 2007. First Olsen Ltd. (FOL), a company owned 50% by Ganger Rolf ASA and 50% by Bonheur ASA is the main shareholder with 61.5% of the outstanding shares.

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