SINGAPORE--(BUSINESS WIRE)--Regulatory News:
The Company announced that pursuant to its buy-back program it has purchased a total of 103,000 shares on 19 November 2014.
70,000 Shares were purchased through the facilities of the SGX-ST in Singapore at a price of SGD 0.725.
33,000 Shares were purchased through Oslo Børs at a price of NOK 3.5293.
Following the trades made since 31 October 2014, the Company holds 1,240,430 shares, equal to 0.28% of the issued share capital.
The shares acquired under the buy-back program will be used in connection with the Company's Employee Share Plan. The Shares were purchased in accordance with the Safe Harbour provisions of the EU Commission Regulations for buy-back programs.
ABOUT THE COMPANY
Oslo Børs listing: October 2007 ; SGX Mainboard listing: October 2014
EMAS Offshore Limited (EMAS Offshore or the Company) is an established offshore services provider offering offshore support, accommodation, construction and production services to customers in the oil and gas industry throughout the oilfield lifecycle, spanning exploration, development, production and decommissioning stages. Headquartered in Singapore, EMAS Offshore holds a leading market position in the Asia Pacific region, with global operations across Latin America, Africa and Australia.
Business activities are carried out by two core business segments, namely: (1) the Offshore Support and Accommodation Services division and (2) the Offshore Production Services division.
EMAS Offshore’s excellent operational and HSE (health, safety and environment) track record has allowed the Company to establish strong working relationships with leading international oil majors, national oil companies and various independent operators.
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