Stig Remoy-led Olympic Subsea has succeeded in postponing its listing in Oslo due to tough OSV markets.
The company was required to seek a flotation on a recognised exchange within two years of its January 2017 restructuring, ie in January next year.
This was a condition of new bonds issued to replace two older issues.
Bondholders have now voted 100% to allow it another two years to carry out a listing, pushing it out to January 2021 at the latest.
