Restructured Dutch OSV owner Oceanteam is free to issue new stock worth NOK 188.27m ($22m) to support growth.
Shareholders approved the sale, and also the swapping of shares worth up to NOK 62m to bondholders in return for cancelling notes of $5.17m.
CEO Leidus Bosman said: “We are delighted that both bondholders and shareholders are aligned, taking a long term strategic view and have given us the support in our ambition to move forward.
