Solstad Maritime Holding Plans to List Shares on Euronext Oslo Børs in 2025
Norwegian vessel owner and services provider Solstad Maritime Holding has announced its intentions to apply for a listing of its shares on Euronext Oslo Børs in the second quarter of 2025. This move comes following the company’s successful equity raise of $66 million (NOK 750 million) in June 2024.
The listing is supported by Solstad Maritime Holding’s main shareholders, including Aker Capital (42%), Solstad Offshore (27.3%), and AMSC (19.6%). The company’s board of directors has indicated that AMSC plans to distribute its 19.6% ownership stake in Solstad Maritime Holding to its shareholders in connection with the listing, which will increase the free float in shares.
By listing its shares, Solstad Maritime Holding aims to facilitate further growth and development, enhance its ability to pursue strategic opportunities, and provide a liquid market for its shares. The company owns 32 vessels, including construction support vessels (CSVs) and anchor handling tug supply vessels (AHTS), and employs over 1,700 individuals. Additionally, it offers ROV, survey, and other services to its clients.
CEO of Solstad Offshore, Lars Peder Solstad, expressed optimism about the listing, stating, “We look forward to delivering on the intention to list the Company on a regulated market, as communicated when the company was refinanced in 2024. We continue to experience a healthy market for offshore vessels, which is positive for the shareholders of both Solstad Maritime Holding and Solstad Offshore.”
Completion of the listing is subject to various conditions, including approval by Euronext Oslo Børs and the Norwegian Financial Supervisory Authority, conversion of the company to a public company (ASA), and meeting applicable listing requirements. Solstad Maritime Holding does not plan to conduct a share offering as part of the listing process.
If all conditions are met, the company is expected to commence trading on Oslo Børs in the second quarter of 2025. Stay tuned for further updates on this exciting development in the maritime industry.