EMAS Offshore to be delisted from Oslo exchange

EMAS Offshore to be delisted from Oslo exchange

For the third time since February last year, Oslo Børs considers has pledged to remove Ezra Holdings subsidiary EMAS Offshore from the exchange.

The company is set to be delisted on June 17, with Oslo Bors saying it has failed to pay its fees.

“Oslo Børs is of the opinion that EMAS Offshore Limited is not in a position to comply with its obligations and therefore not suitable for listing on Oslo Børs. Failure to pay fees in accordance with the general business terms and conditions of Oslo Børs is a breach of the continuing obligations, and the company does no longer satisfy the exchange’s conditions and rules,” the exchange said in a statement.

Emas Offshore was originally marked to be delisted last February for failure to comply with its financial reporting obligations. It later appealed the decision in view of a proposed restructuring, which later fell through.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.

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