The Board of Directors (the “Board”) proposes certain adjustments to the finalliquidation structure of Philly Shipyard ASA (under liquidation) (the”Company”). The Company still expects to distribute approx. USD 10.4 milliontoits shareholders within Q2 2025 as part of the liquidation process, in linewithprevious communication.
Reference is made to the previous announcements made by the Company regardingthe proposed distribution of all available cash and liquidation of theCompany,including the resolution made in the extraordinary general meeting held on 19February 2025 (the “EGM”) to liquidate the Company. After carefuldeliberation,the Board of Directors (the “Board”) proposes that the final liquidation oftheCompany be deferred until the…
