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    Siem Offshore to hold EGM on company split

    News // July 8, 2005
    Siem Offshore Inc has announced that an extraordinary general meeting of shareholders will be held on or about August 9th to discuss the board's proposal to split the company into two separately-listed entities.

    A separate notice for such the meeting will be published later.

    The group's board proposed splitting the company in two in June. One entity will contain all the activities presently conducted by Subsea 7 Inc, while the other will hold all the non-subsea activities of the Siem Offshore group.

    The board expects both companies to be listed on the Oslo Stock Exchange

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