ACCELLO LAUNCHES MANDATORY OFFER FOR ALL THE SHARES IN REACH SUBSEA ASA
Accello Partners I AS ("Accello") has resolved to
launch an unconditional mandatory offer for all the
issued and outstanding shares in Reach Subsea ASA
("Reach") at a price of NOK 1.60 per Reach Share
(the "Mandatory Offer").
The offer period in the Mandatory Offer runs from and
including 10 December 2012 to 16:30 hours (CET) on 7
Pareto Securities AS acts as receiving agent in
relation to the Mandatory Offer.
The complete terms of the Mandatory Offer are set out
in an offer document dated 7 December 2012, approved
by Oslo Børs, and which will be distributed to all
shareholders in Reach with known addresses and that
legally may receive such document and accept the
The offer document is also available free of charge
at the website of the receiving agent
(www.paretosec.com) and at the office of the
receiving agent (Address: Pareto Securities AS,
Dronning Mauds gate 3, P.O. Box 1411 Vika, 0115 Oslo,
Norway, Tel: +47 22 87 87 00).
For further information please contact Accello
Partners I AS:
Bjørge Gretland, tel: +47 92 60 98 10
Anders Onarheim, tel: +47 97 40 15 11
About Accello Partners I AS
Accello Partners I AS is a newly established company
initiated by Convexa AS, Spitsbergen AS and Staff-
Gruppen AS. It intends to be a long term active owner
in Reach Subsea ASA and support the management team
in building a leading subsea company.