Announces renewable energy strategy and appoints Bjørn Simonsen as CEO
OSE NOTIFICATION Announces renewable energy strategy and appoints Bjørn Simonsen as CEO HIGHLIGHTS: · Saga Tankers ASA (Saga) announces investment strategy within renewable energy · Bjørn Simonsen appointed Chief Executive Officer (CEO) · Saga to divest non-core assets · Saga to change name to Saga Pure ASA (Saga Pure) · Announces NOK 55 million investment in integrated green hydrogen fuel company Everfuel A/S · Initial cash balance of NOK approximately 180 million after divestments and purchase of shares in Everfuel A/S, with no debt (Oslo, 19 October 2020) The