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Press releases

2nd Mar 2020

Fugro closes first part of the sale of Global Marine

Fugro is pleased with today’s press release from HC2 Holdings, Inc. (HC2) about the completion of the sale of the first part of Global Marine Group (GMG), resulting in USD 37 million net proceeds for Fugro.

28th Feb 2020

Fugro not to proceed with EUR 500 million senior secured notes offering at this time due to market conditions

Fugro has decided not to proceed with the planned offering of EUR 500 million senior secured notes (the “Offering”) at this time due to adverse market conditions.

21st Feb 2020

Fugro announces launch of EUR 500 million senior secured notes

Fugro N.V., hereinafter the “Company“ or “Fugro“, announces that it has launched an offering (the “Offering“) of euro-denominated senior secured notes due 2025, in an aggregate principal amount of EUR 500 million.

19th Feb 2020

Changes to Fugro’s Supervisory Board

The Supervisory Board of Fugro has decided to nominate Ron Mobed as member of the Supervisory Board for a four-year term, as per the annual general meeting that will be held on 30 April 2020. He will fill the vacancy that arises as Maarten Schönfeld, current member of the Supervisory Board, will retire at the end of the upcoming annual general meeting due to personal reasons. Harrie Noy, current chairman of the Supervisory Board, is being nominated for an additional two-year term.

19th Feb 2020

Fugro announces a refinancing of its capital structure

Fugro anticipates refinancing its current EUR 575 million Revolving Credit Facility and repurchasing any and all of its EUR 190 million Convertible Bonds due 2021 with a new EUR 200 million Revolving Credit Facility and the issuance of EUR 500-550 million 5-year Senior Secured Notes, and may issue new shares using its existing shareholder authorisation (up to 10% of currently issued shares).

19th Feb 2020

Fugro full-year results 2019

Continued margin improvement and positive cash flow

30th Jan 2020

Fugro divests its interest in Global Marine

Fugro is pleased with today’s press release from HC2 Holdings, Inc. (HC2), announcing the sale of Global Marine Group (GMG). Through its ownership of 23.6% in GMG, Fugro will monetise the remainder of its non-core interest in GMG, which is expected to result in proceeds for Fugro of close to USD 40 million.

6th Jan 2020

Fugro announces unfavourable outcome in Southern Star arbitration

Fugro announces an unfavourable outcome in its arbitration with Tasik Toba Subsea AS (“Tasik”).

30th Dec 2019

Fugro becomes sole shareholder of Seabed Geosolutions

Seabed Geosolutions remains asset held for sale.

17th Dec 2019

Fugro adjusts its Board of Management

The Supervisory Board of Fugro has decided to reduce Fugro’s Board of Management, which currently consists of three persons, to the CEO and CFO positions only.

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