News & Reports
Private placement and stock listing for Reach Subsea
Completion of combination with Reach Subsea AS and NOK 42 million private placement (News from www.newsweb.no) Reference is made to Transit Invest ASA's (the "Company") stock exchange notices of (i) 31 October 2012 regarding a contemplated combination with Reach Subsea AS (the "Combination"), (ii) 1 November 2012 regarding the completed placing of new shares in […]
4th Quarter 2012 report
HIGHLIGHTS 4TH QUARTER * Aquisition and combination with Reach Subsea AS following a change of board of directors and management as well as business plan * Ordering 2 WROV systems with handling ACCOUNTS AND FINANCE The core activity during 4th quarter has been sale of external consultancy services under existing frame agreements. Further, a […]
Annual Report 2012
RESULT 2012 The Board of Directors of Reach Subsea ASA approved in a Board meeting 18. March 2013, the annual report and accounts for 2012. The net loss for the Group for 2012 was NOK 5,5 mill, which is in accordance with the preliminary result announced 26. February 2013. The full Annual report can […]
General Meeting
General Meeting in Reach Subsea ASA was held 29.04.2013. All resolutions were adopted pursuant to the Notice. For full meeting protocol, see the Investor pages. The protocol is in Norwegian only.
1st quarter 2014 Report
Quarterly report for Reach Subsea ASA. Sales income in the quarter totals NOK 1.2 million and is a result of sale of consulting services under existing frame agreements. Operating expenses were NOK 4 million for the same period. The increase from the same period last year is primarily due to an increase in the number […]
Completed private placement
NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN, OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. Reference is made to the stock exchange notices on 3 May 2013 regarding the contemplated private placement […]
EXTRAORDINARY GENERAL MEETING
NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN, OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. REACH – EXTRAORDINARY GENERAL MEETING Please find attached the minutes from the extraordinary general meeting in Reach Subsea […]
2nd quarter 2013 report
Quarterly report for Reach Subsea ASA HIGHLIGHTS – Private placement successfully closed – The Company prepared offshore operations – New contracts, including the vessel Bourbon Emerald – Survey joint venture Revenue in the quarter was NOK 1.54 million and is primarily income from consulting services under existing framework agreements. Total income for the first half […]
Stock option scheme
REACH – STOCK OPTION SCHEME- MANADATORY NOTIFICATION OF TRADE Reach Subsea ASA (“Reach Subsea” or the “Company”) announces that its board of directors has approved a stock option scheme to align the interests of the participating employees in Reach Subsea with those of the shareholders. Management and Employees of the Reach Group has been granted […]
Normand Reach contract with DOF Subsea
Reach Subsea AS announced today that the company has signed a Letter of Intent with DOF Subsea in Norway for the charter of Normand Reach for a 2 year firm contract with 2 yearly options. Reach Subsea shall provide subsea services including 2 Reach Subsea WorkROV systems and personnel to DOF Subsea from the newbuild […]
3rd quarter 2013 report and presentation
QUARTERLY REPORT FOR REACH SUBSEA ASA HIGHLIGHTS: – REACH delivers positive results of NOK 2,9 million for the third quarter of 2013 as a result of a successful start-up of offshore operations with the vessel Bourbon Emerald. – REACH took delivery of two complete Supporter ROV systems in the third quarter, of which one was […]
Establishment of Reach Subsea AS
Reach Subsea AS was established in 2008 by Jostein Alendal, Åge Johan Nilsen jr, Sven Magne Storesund and Håvard Framnes. The first years the founders worked externally as consultants, primarely under a frame agreement with Technip. In addition, the started the development of a New, innovative survey-ROV, the Surveyor. Håvard Framnes left the company in 2011.