Hallin Marine Subsea International plc
('Hallin Marine' 'Hallin' or 'the Company')
Total Voting Rights
30 May 2008
Following the issue and allotment of 290,000 new Ordinary 1p Shares in the
Company, as announced on 9 May 2008, and in accordance with the Financial
Services Authority's Disclosure and Transparency Rules, the Company hereby
announces that it has 40,315,000 Ordinary Shares of 1p each in issue, each
share carrying the right to one vote. The Company does not hold any shares in
Treasury.
The above figure of 40,315,000 Ordinary Shares may be used by shareholders in
the Company as the denominator for the calculations by which they will determine
if they are required to notify their interest in, or a change to their interest
in, the share capital of the Company under the Financial Services Authority's
Disclosure and Transparency Rules.
Enquiries:
Hallin Marine +44 (0)7736 149410
NON-EXECUTIVE DIRECTOR John Quinn
email john@johnquinnconsult.co.uk
Blomfield Corporate Finance Ltd +44 (0)207 489 4500
NOMINATED ADVISER Ian Fenn/Ben Jeynes
email ben.jeynes@blomfieldcf.com
JMFinn Capital Markets Ltd +44 (0)207 600 1658
BROKER Eddie Edmonstone
email eedmonstone@finncapitalmarkets.com
Windy Tree Ltd +44 (0)23 80406060
MARKETING PARTNER Richard Ford
email richard@windytree.co.uk
www.hallinmarine.com
Notes to Editors
Hallin Marine was formed in 1998 to provide high quality marine and underwater
services to the offshore industry, particularly in support of Oil & Gas
development. It has grown from a US$1 million turnover company in its first year
to a US$64 million turnover company in 2007. Hallin Marine was admitted to AIM
in April 2005.
The Company is an experienced provider of subsea construction and inspection
solutions. It employs experienced subsea engineering staff to manage projects
using: support vessels; saturation diving systems; air/mixed gas diving spreads
and Remote Operating Vehicles (ROVs). The Company owns the principal operating
assets of diving systems and ROVs.
Hallin's expanding operations cover: South East Asia; India; China; Africa; the
Middle East; the USA; Russia and the UK. The Company is divided into two
operating areas: the West, operated from Aberdeen, Scotland; and the East, based
in Singapore. Also in Singapore is the Manufacturing Division, where saturation
diving systems, air diving systems and ROVs are designed and manufactured. An
engineering design centre is located in the UK at Malton, North Yorkshire.
Typically the work undertaken by the Group comprises the installation,
construction maintenance, repair or survey of equipment on the seabed. Most of
the projects are planned well in advance and Hallin's role is that of a key
contractor, often working as part of a larger team. The largest projects may
take two or more years from decision to go ahead to the stage where Hallin's
staff or equipment enters the sea.
Hallin provides clients with safe, professional and cost effective solutions by
combining innovative approaches and new technology with time proven techniques.
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