On the back of solid results, a strong balance sheet and significant backlog, the Board of Directors on 9 January 2025 authorized a dividend payment of NOK 7 per share.

Sea1 Offshore Inc. (“SEA1”) provides the following key information relating to its cash dividend.

Cash dividend:
Cash dividend amount: NOK 7 per share
Declared currency: NOK
Category: Special Dividend

Timeline:
Date of approval: 9 January 2025
Last day inclusive: 13 January 2025
Ex-date: 14 January 2025
Record date: 15 January 2025
Dividend payment date: On or about 22 January 2025.
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The company removed strict covenants, refinanced parts of its debt and established two new secured debt facilities in July 2024. Following continued efforts to optimize the company’s capital structure, the company has this week also refinanced debt related to its two well intervention vessels. The dividend payment will be partly funded by drawdown of these new credit facilities.

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