Solstad Offshore ASA – Key Developments in Mid‑May 2026
Trading Suspension
On 18 May 2026 the company announced the suspension of trading of its shares. The suspension was reported by news.cision.com and was effective on the same day. No further details regarding the reasons or the expected duration of the suspension were disclosed in the announcement.
Dividend Announcement and Correction
The company issued a key‑information disclosure concerning the cash dividend for the first quarter of 2026 on 7 May 2026. On 16 May 2026, Solstad Offshore corrected this disclosure to replace the original announcement. The corrected information, published by news.cision.com and live.euronext.com, is as follows:
| Item | Detail |
|---|---|
| Dividend amount | USD 0.10 per share |
| Declared currency | USD (payment to be made in NOK) |
| Last day of trading (inclusive of dividend right) | 19 May 2026 |
| Ex‑date | 20 May 2026 |
| Record date | 21 May 2026 |
| Distribution date | On or about 29 May 2026 |
| Date of approval | 19 May 2026 |
The company’s chief executive officer, Lars Peder Solstad, and chief financial officer, Kjetil Ramstad, were listed as contacts for the announcement. The correction was issued in accordance with the Euronext Oslo Børs Rule Book II, section 4.2.4.
Settlement in Construction Service Vessel Legal Battle
In a legal dispute involving construction service vessels (CSV), Solstad Offshore was declared the winner on 15 May 2026. The company secured a settlement of USD 14.5 million, as reported by www.windkraft-journal.de and www.offshore-energy.biz . The settlement relates to the “Charterraten-Schiedsverfahren” (Charter‑Rate Arbitration) and confirms the company’s position in the dispute.
Company Profile (for Context)
- Industry: Energy Equipment & Services
- Primary Exchange: Oslo Bors ASA (NOK)
- Market Capitalisation: 7 178 790 400 NOK
- Share Price (14 May 2026): 66.1 NOK
- 52‑Week High: 71 NOK
- 52‑Week Low: 37.5 NOK
- Segments: Anchor‑Handling Vessels, Platform Supply Vessels, Construction Service Vessels
- Fleet: 144 vessels (33 construction service, 53 anchor‑handling, 63 platform supply)
These events collectively influence the company’s short‑term liquidity, shareholder returns, and legal standing within the offshore services market.
