News

Oslo, Saturday, January 1, 2000
Stock Exchange Notification
CONVERTING OF LOAN TO SCAN SUBSEA ASA

 Blom ASA has today in accordance with the loan agreement with Scan Subsea ASA put in a claim for conversion of the loan with nominal value NOK 90 340 854 into 13 285 420 shares in Scan Subsea ASA. The conversion rate is NOK 6.80 per share. After the conversion Blom ASA will hold 23 369 756 shares (36.68%) in Scan Subsea ASA. 


For further information please contact:

CEO Dirk Blaauw, tel: +47 22 13 19 23 or 

CFO Jan Erik Braathen, tel: +47 22 13 19 24

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