Argeo AS — Share Issue/Capital Change 2025

Mar 24, 2025

Argeo ASA: New share capital registered

Argeo ASA: New share capital registered

Asker, 24 March 2025. Reference is made to the stock exchange release from Argeo ASA ("Argeo" or the "Company") (Euronext Oslo Børs: ARGEO) published on 12 February 2025 announcing the completion of a private placement of new shares in the Company, raising gross proceeds of NOK 150 million (the "Private Placement").

On 6 March 2025, the extraordinary general meeting in the Company resolved to issue the shares allocated in Tranche 2 of the Private Placement. The share capital increase related to Tranche 2 of the Private Placement has today been registered with the Norwegian Register of Business Enterprises. The shares in Tranche 2 will be issued on a separate ISIN and will not be tradable on Euronext Oslo Børs until a listing prospectus has been approved by the Financial Supervisory Authority of Norway and published by the Company, expected on or about 2 April 2025.

The new share capital of the Company is NOK 31,588,174.50 divided into 63,176,349 shares, each with nominal value of NOK 0.50.

For more information, please contact:

Trond Figenschou Crantz, CEO

Email: trond.crantz@argeo.no

Phone: +47 976 37 273

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. 

Founded in 2020, 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.