Kistefos sells shares of Trico

By Lisa Kerner

Charlotte, N.C., Sept. 27 - Kistefos AS sold 14,575 shares of Trico Marine Services, Inc. stock between Sept. 20 and Sept. 25 priced from $30.27 to $30.69 each, according to a schedule 13D filing with the Securities and Exchange Commission.

The reporting persons own 2,885,958 shares, or 20.0%, of Trico's outstanding stock.

Kistefos, in a Sept. 11 SEC filing, reported owning 2,900,533 shares, or 20.2%, of Trico's outstanding stock.

On Aug. 21, Kistefos amended its stock purchase agreement with Trico changing certain settlement procedures. Kistefos had also requested registration of 2,915,850 shares of company common stock under the registration rights agreement.

It was previously reported that 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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