Kistefos amends stock purchase agreement with Trico Marine

By Lisa Kerner

Charlotte, N.C., Aug. 27 - Kistefos AS amended its stock purchase agreement with Trico Marine Services, Inc. on Aug. 21 changing certain settlement procedures, according to a schedule 13D filing with the Securities and Exchange Commission.

In an Aug. 24 letter agreement with Trico, Kistefos requested registration of 2,915,850 shares of company common stock under the registration rights agreement, the filing stated.

Kistefos agreed in principal on July 31 to participate in Trico's approved stock repurchase program, assuring the company's compliance with federal law limiting foreign ownership of Trico common stock to 25%. The agreement took effect on Aug. 9.

Trico Marine is a Houston-based provider of marine support services to the oil and gas industry.

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