Reference is made to stock exchange release dated 18 May 2017. The contract which regards heavy-lift cranes is cancelled due to a shipyard bankruptcy in China. The contract was signed through the 50/50 owned subsidiary TTS SCM Marine and Offshore Machinery Company, and had a value of approximately MNOK 240.
The contract is now re-tendered through other shipyards, and TTS considers that the company has a reasonable chance of getting the new order.
Bergen 14 May 2018
TTS Group ASA
http://www.ttsgroup.com
Contact persons:
Toril Eidesvik
CEO
M: +47 900 78 218
Leiv Kallestad
CFO
M: +47 958 95 661
This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.