Farstad Shipping ASA – Company Update
Reference is made to the stock exchange notice from Farstad Shipping ASA (the "Company") earlier today regarding received subscriptions of a total amount of NOK 600 million. The completion of the restructuring is expected to be on or about 9 March 2017. A separate notice will be sent to the bondholders in the two bond issues ISIN NO 001 0635964 (FAR03) and NO 001 0679871 (FAR04) during the course of today, notifying them that the record date (i.e. conversion of the bond debt to equity) is scheduled to 9 March 2017. The contemplated combination of Solstad Offshore, Farstad Shipping and