Reach Subsea ASA
OSE:REACH
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REACH's latest stock split occurred on Feb 16, 2023
The company executed a 1119-for-1114 stock split, meaning that for every 1114 shares held, investors received 1119 new shares.
Before the split, REACH traded at 5.02 per share. Afterward, the share price was about 4.49.
The adjusted shares began trading on Feb 16, 2023. This was REACH's 12th stock split, following the previous one in Jan 13, 2017.
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Reach Subsea ASA
Glance View
Reach Subsea ASA is a holding company, which engages in the provision of offshore and subsea services to the oil industry. The company is headquartered in Haugesund, Rogaland and currently employs 109 full-time employees. The company offers subsea services as subcontractor directly to end customers. The Company’s business is based on Remotely Operated Underwater Vehicles (ROV) operated by offshore personnel and supported by onshore project management and engineering resources. Reach Subsea operates through two segments: the Oil & Gas segment, that is engaged in surveying, Inspection, Maintenance and Repair (IMR) and light construction projects for oil & gas companies while the Renewable/Other segment provides those services to non-oil & gas companies. The Company’s services include also geophysical monitoring services, environmental monitoring services as well as in-house engineering. Reach Subsea ASA has several subsidiaries, such as Reach Subsea AS, Connect Offshore AS and Reach International AS.
