BOURBON was informed on 20th January that JACCAR Holdings SA had acquired 945 000 additional shares in BOURBON.

The participation of JACCAR Holdings SA in BOURBON thus passes from 24.6% to 26.04% of the capital and 25.7% to 27.12% of the voting rights.

Commenting on its rising above the 25% threshold JACCAR Holdings SA declared:

The Luxembourg company JACCAR Holdings, acting alone, has risen above the 25% threshold of the capital in BOURBON subsequent to the acquisition of a block of 945 000 shares. This purchase was made with JACCAR Holding group’s own funds.

JACCAR Holdings continues acting as a shareholder, namely a shareholder desirous of accompanying the development and strategy decided on by the Board of Directors of BOURBON. The company will continue to manage its participation actively, and plans to reinforce its position as and when the opportunity rises. JACCAR Holdings does not intend to take over BOURBON.

JACCAR Holdings is represented on the Board of Directors of BOURBON by Mr. Jacques de Chateauvieux and Mrs. Lan Vo, respectively CEO and director with delegated powers of JACCAR Holdings, and Board member and manager of the Vietnamese branch of JACCAR Holdings. JACCAR Holdings does not intend to request an increase in the number of members on the Board of BOURBON.

Subsea World News Staff , January 23, 2012; Image: BOURBON