Farstad Shipping ASA – Farstad restructuring completed – update on the contemplated repair issue
Ålesund, Norway, 9 March 2017 – Reference is made to previous announcements concerning the restructuring (the "Farstad Restructuring") of Farstad Shipping ASA ("Farstad" or the "Company") as first announced on 6 February 2017, and latest the announcement of 7 March 2017. Farstad is pleased to announce that all conditions required for completion of the Farstad Restructuring have now been fulfilled and that the Farstad Restructuring was completed today. The reduction of the par value of the Company's shares and the share capital increases pertaining to the issuance of shares (the "