Statt Torsk ASA: Decision to initiate a strategic review
The Board of Directors (the "Board") of Statt Torsk ASA (STATT) (the "Company")
has resolved to initiate a strategic review to explore options for the Company
to optimize shareholder value and to secure financing.
In connection with the strategic review, the Board has appointed Pareto
Securities and Sparebank1 Markets as advisors (the "Financial Advisors"). With
the support of the Financial Advisors, the Company will explore a broad range of
strategic alternatives, inter alia, financing, structural, business development
opportunities, or combinations of these, and short-term working capital
financing in general.
No assurances can be given as to the outcome or timing of the review process.
The Company does not intend to make any further public comment regarding the
review until it has been completed or the Company determines that disclosure is
required or appropriate.
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