Reach Subsea (REACH)

[theroger]

Ikke så verst å hente halvparten av fjorårets revenue på “Renewable/other” iløpet av Q1

[Christian]

Fra q-presentasjonen (paraphrased)
Viking Reach - hvis vi skulle anskaffet skipet nå, så hadde det kostet nesten det dobbelte.

[theroger]

“Estimated delivery of Reach Remote is slightly delayed from the yard, but is expected to be on track for startup of commercial projects during 2024.”

[Christian]

Hæ? Hvordan stemmer det overens med

@Christian

Our first USV, commissioned in April last
year, has already demonstrated its value,
successfully completing over 25,000 km of
high-precision hydrographic survey lines. This
was achieved using a remote operations center,
which allows for real-time control and data
processing, a testament to our cutting-edge
approach in a strategically important region.

Building on this success, we have expanded
our fleet with the addition of a second Drix
USV. This new vessel has just passed its
System Acceptance trials and will soon join our
initial USV in a large-scale project to update
and enhance nautical charts and seafloor
mapping for a key governmental client.

[theroger]

@Christian

Our first USV, commissioned in April last
year

Dette er snakk om USV Drix, ikke Remote

[Christian]

Takk, har blandet de to

Litt bedre tall for Q1 i år vs tidligere Q1

[Ravioli]

Høy vekst og lav prising, en bra kombo… Kan for lite om markedet her dessverre.

[Christian]

Oljedelen er jo svært syklisk, men nå hadde de økt renewable delen vesentlig i Q1.

[Christian]

@theroger

“Estimated delivery of Reach Remote is slightly delayed from the yard, but is expected to be on track for startup of commercial projects during 2024.”

Det ble oppklart under QA at de forventer at (en eller to) er klare for oppdrag i august. Også ramset CEO opp en haug med mulige lokasjoner som de kunne “velge” å sette inn Reach Remote. For meg hørtes det ut som de kunne velge og vrake blant oppdrag

[TekBot]

Notice of Annual General Meeting

The Annual General Meeting of Reach Subsea ASA will be held 31 May 2024 at 12:00
at Reach Subsea’s headquarters at Møllervegen 6, Haugesund, Norway.

…

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Please find attached Notice of Annual General Meeting, including notice of
attendance and proxy forms.
Remuneration report and Nomination committee recommendation are available on
General meetings - Reach Subsea

All the documents to be processed at the General Meeting are available at
www.reachsubsea.no

Contact information:
Birgitte Wendelbo Johansen
Chief Financial Officer
Reach Subsea ASA
bwj@reachsubsea.no

About Reach Subsea
Reach Subsea ASA Group offers high quality solutions and technology to clients in need of ocean data and services. Services are offered out of our head office in Haugesund as well as from our subsidiaries and branches located across Norway, US, UK, Cyprus, Singapore, Trinidad, Brazil and Australia. The Group’s objective is to be a preferred partner and full-service provider of ocean services for clients, focusing on safety, environment, financial solidity and profitability. Our vision “Sustainable access to ocean space” underpins our commitment to the development of sustainable solutions, with stakeholder groups key interests in focus.

This information is subject to the disclosure requirements pursuant to Section
5-12 of the Norwegian Securities Trading Act. This stock exchange announcement
was published by Jorunn Håvardsholm, Communications and Marketing Director at Reach
Subsea AS on the time and date provided.

Kilde

[TekBot]

Key information relating to proposed cash dividend

Reference is made to the stock exchange announcement from Reach Subsea ASA sent
today with notice for the Annual General Meeting 31 May 2024. The Board of
Directors of Reach Subsea ASA has decided to propose a cash dividend of NOK 0.36
…

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per share for the financial year 2023.

Key information relating to cash dividend to be paid by Reach Subsea ASA:

Key information:
Dividend amount: 0.36 per share
Declared currency: NOK
Date of approval: 31 May 2024
Last day including right: 31 May 2024
Ex-date: 3 June 2024
Record date: 4 June 2024
Payment date: on or about 11 June 2024

For more information please contact:
Birgitte Wendelbo Johansen
Chief Financial Officer Reach Subsea ASA
bwj@reachsubsea.no

About Reach Subsea
Reach Subsea ASA Group offers high quality solutions and technology to clients in need of ocean data and services. Services are offered out of our head office in Haugesund as well as from our subsidiaries and branches located across Norway, US, UK, Cyprus, Singapore, Trinidad, Brazil and Australia. The Group’s objective is to be a preferred partner and full-service provider of ocean services for clients, focusing on safety, environment, financial solidity and profitability. Our vision “Sustainable access to ocean space” underpins our commitment to the development of sustainable solutions, with stakeholder groups key interests in focus.

This information is subject to the disclosure requirements pursuant to Section
5-12 of the Norwegian Securities Trading Act. This stock exchange announcement
was published by Jorunn Håvardsholm, Communications and Marketing Director at Reach
Subsea AS on the time and date provided.

Kilde

[torsteinius]

NHO har solgt rundt 2 mill aksjer, 600 k to go. Er vel ute om 5-10 dager minus oppdaterings-forsinkelse på 3 dager.

[torsteinius]

New Agreement Ensures International Cooperation in the Operation of...

Reach Subsea’s two USVs named Reach Remote 1 and 2 were recently successfully sea launched at the yard in Trosvik, Norway.

[theroger]

Recent Advances in Geophysical Reservoir Characterization and Monitoring of...

[torsteinius]

Reach Subsea Australia: Awarded First Survey Project under Renewed HIPP...

[torsteinius]

[Video] Reach Subsea on LinkedIn: #reach #rov #subsea #kystdesign #techupdate...

Kystdesign on LinkedIn: ✨Two new ROV systems, complete with TMS (Tether...

[Christian]

Må si jeg liker trenden Reach Subsea er i. Virkelig solid selskap som ser ut til å ha posisjonert seg godt for markedet nå.

Synes ikke markedet har priset inn USV-ene i særlig grad, så hvis de lykkes der er oppsiden stor. Litt nedside hvis det går dårlig, men tenker at det er langt fra symmetrisk.

[TekBot]

REACH - Annual general meeting in Reach Subsea ASA

The annual general meeting in Reach Subsea ASA was held today May 31, 2024. All proposals on the agenda were adopted.

Please find attached a copy of the minutes from the annual general meeting in Reach Subsea ASA.
…

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Key information relating to cash dividend to be paid by Reach Subsea ASA:

Dividend amount: 0.36 per share
Declared currency: NOK
Date of approval: 31 May 2024
Last day including right: 31 May 2024
Ex-date: 3 June 2024
Record date: 4 June 2024
Payment date: on or about 11 June 2024

For more information please contact:
Birgitte Wendelbo Johansen
Chief Financial Officer
Reach Subsea ASA
bwj@reachsubsea.no

About Reach Subsea Reach Subsea ASA Group offers high quality solutions and technology to clients in need of ocean data and services. Services are offered out of our head office in Haugesund as well as from our subsidiaries and branches located across Norway, US, UK, Cyprus, Singapore, Trinidad, Brazil and Australia. The Group’s objective is to be a preferred partner and full-service provider of ocean services for clients, focusing on safety, environment, financial solidity and profitability. Our vision “Sustainable access to ocean space” underpins our commitment to the development of sustainable solutions, with stakeholder groups key interests in focus.

This information is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act. This stock exchange announcement was published by Åge Johan Nilsen jr, Group Accounting Director at Reach Subsea on the time and date provided.

Kilde

[TekBot]

Reach Subsea ASA (REACH)- EX DIVIDEND TODAY

Reach Subsea ASA (REACH); EX DIVIDEND TODAY

The shares in Reach Subsea ASA (REACH) will be traded ex-dividend as from
…

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today, 03.06.2024.

Key information relating to cash dividend to be paid by Reach Subsea ASA:

Key information:
Dividend amount: 0.36 per share
Declared currency: NOK
Date of approval: 31 May 2024
Last day including right: 31 May 2024
Ex-date: 3 June 2024
Record date: 4 June 2024
Payment date: on or about 11 June 2024

For more information please contact:
Birgitte Wendelbo Johansen
Chief Financial Officer Reach Subsea ASA
bwj@reachsubsea.no

About Reach Subsea
Reach Subsea ASA Group offers high quality solutions and technology to clients in need of ocean data and services. Services are offered out of our head office in Haugesund as well as from our subsidiaries and branches located across Norway, US, UK, Cyprus, Singapore, Trinidad, Brazil and Australia. The Group’s objective is to be a preferred partner and full-service provider of ocean services for clients, focusing on safety, environment, financial solidity and profitability. Our vision “Sustainable access to ocean space” underpins our commitment to the development of sustainable solutions, with stakeholder groups key interests in focus.

This information is subject to the disclosure requirements pursuant to Section
5-12 of the Norwegian Securities Trading Act. This stock exchange announcement
was published by Birgitte Wendelbo Johansen, CFO at Reach
Subsea AS on the time and date provided.

Kilde

[TekBot]

Reach Subsea extended 3-year charter on Havila Subsea.

Haugesund, 03 June 2024: Reach Subsea ASA has entered an agreement with Havila Shipping ASA to extend the firm charter period for the IMR, survey and construction vessel Havila Subsea with 3 years until 31.12.2027. The contract includes additional options for 1 + 1 years.

“In a rising market, maintaining strong operational control over core assets is crucial. We are witnessing ongoing positive market trends, with our order book and tender volume consistently increasing year by year, in line with our expanding capacity. A key component of our strategy is maintaining strong partnerships with shipowners known for their high-quality, safe, and cost-efficient performance. Our collaboration with Havila Shipping ASA since 2017 has been exceptionally positive, and we look forward to continuing this successful relationship in the years to come,” said Jostein Alendal, CEO of Reach Subsea.
…

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The agreement is made between two parties who know each other very well after many years of collaboration. Njål Sævik, CEO of Havila Shipping, says he looks forward to continuing the good cooperation.

“I see this contract as a great recognition for Havila Shipping, Havila Subsea, and not least the crew on board for their efforts in keeping the ship in top class and ensuring that we deliver high-quality services every single day.”

• END -

For more information please contact:
Birgitte Wendelbo Johansen
Chief Financial Officer
Reach Subsea ASA
bwj@reachsubsea.no

About Reach Subsea:
Reach Subsea ASA Group offers high quality solutions and technology to clients in need of ocean data and services. Services are offered out of our head office in Haugesund as well as from our subsidiaries and branches located across Norway, US, UK, Cyprus, Singapore, Trinidad Brazil and Australia. The Group’s objective is to be a preferred partner and full-service provider of ocean services for clients, focusing on safety, environment, financial solidity and profitability. Our vision “Sustainable access to ocean space” underpins our
commitment to the development of sustainable solutions, with stakeholder groups key interests in focus.

This information is considered to be inside information pursuant to the EU Market Abuse Regulation (MAR) and is subject to the disclosure requirements pursuant to MAR article 17 and Section 5-12 the Norwegian Securities Trading Act. This stock exchange announcement was published by Jorunn Håvardsholm, Group Communication and Marketing Director at Reach Subsea on the time and date provided.

Kilde