FORNEBU, Norway, March 4, 2025 — DDW Offshore AS (“DDW Offshore”), a subsidiary of Akastor ASA (OSE: AKAST), has finalized a binding agreement to sell the vessel “Skandi Peregrino” for USD 25 million, effective today. The agreement, based on Saleform 2012 terms with appropriate amendments, is subject to the charterer’s approval for completion.

The transaction is anticipated to close in Q2 2025. Approximately USD 10 million of the proceeds will be allocated to reduce DDW Offshore’s debt proportionally, leaving a remaining debt of around USD 19 million.

Following the completion of the sale, Akastor ASA plans to distribute a considerable portion of the net proceeds, roughly USD 15 million, to its shareholders as a cash dividend.

For further information, please contact:
Øyvind Paaske
Chief Financial Officer
Tel: +47 917 59 705
 

This information is considered inside information as defined by the EU Market Abuse Regulation and is subject to the disclosure requirements of Section 5-12 of the Norwegian Securities Trading Act. Jing Taklo, Head of Financial Reporting at Akastor ASA, released this stock exchange announcement on 4 March 2025 at 09:05 CET.

About DDW Offshore:

DDW Offshore possesses three modern Anchor Handling Tug Supply (AHTS) vessels—Skandi Atlantic, Skandi Emerald, and Skandi Peregrino—capable of providing worldwide operational support to clients. These vessels are specifically engineered for anchor-handling, towing, and supply operations in offshore oil and gas fields.

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Akastor, based in Norway, is an oil-services investment firm with a portfolio encompassing industrial holdings and other investments. The company is committed to active ownership and generating long-term value through a flexible mandate.

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