Argeo: Update on process towards interested parties
Argeo: Update on process towards interested parties
Asker, 18 July 2025: Reference is made to the stock exchange notices by Argeo ASA (the “Company” or “Argeo”) regarding the Company’s critical financial situation and the board’s resolution to postpone its filing for bankruptcy resulting from receiving indication of interest from various parties.
The Company has during this week continued its discussions with certain interested parties, including having provided access to certain information about the Group. As of today, no agreements have been entered into regarding any potential transaction involving Argeo and how to secure sufficient funding.
The Company will continue pursuing such interest to the extent and as long as it is deemed to represent a realistic opportunity for the Company to secure sufficient funding within a realistic time period.
The board acknowledges that the time available for securing a solution is getting critical and that there are no guarantees that any of the processes will succeed. The board is prepared to continue with its filing for bankruptcy if the process fails.
The Company will provide further information in due time.
For more information, please contact:
Jan Grimnes, Chairman
Email: [email protected]
Phone: +47 982 30 332
About Argeo ASA
Argeo is a comprehensive subsea service provider, operating across three major sectors: Oil & Gas, Marine Minerals, and Renewables. The Company offers a unique package that integrates robust vessels, state-of-the-art autonomous underwater vehicles (AUVs), advanced sensors, digital imaging technology, and an intuitive digital platform designed to collect and visualize complex data.
With their own vessels and high-performance AUVs, Argeo delivers fast and flexible full-lifecycle services, including survey, inspection, maintenance, and repair, aimed at improving efficiency and reducing the carbon footprint for global, industry-leading clients.
Argeo has established offices in Asker (Oslo), Edinburgh, Houston, and Rio de Janeiro.
The Company is listed on Euronext Oslo Børs under the ticker: ARGEO.
Please visit www.argeo.no for more information.
This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.