Songa Offshore SE : Share issue in connection with private placement
Reference is made to previous announcements regarding Songa Offshore SE's (the
"Company") private placement of shares with gross proceeds of approximately USD
250 million and convertible bond issue with gross proceeds of USD 150 million.
As stated in previous announcements, 132,287,456 of the offer shares allocated
to Perestroika AS in the private placement would be issued pursuant to an
existing board authorization in advance of the extraordinary general meeting to
be held on 18 December 2013 (the "EGM"), subject to all other closing
conditions, other than approval by the EGM, being fulfilled (or that such
conditions will clearly be fulfilled).
In accordance with the above the Company's board of directors has resolved to
issue 132,287,456 shares to Perestroika AS at a subscription price of NOK 2.50
per share as partial settlement of the shares allocated to Perestroika AS in the
private placement. The shares have been issued and are fully paid. The Company's
share capital following the share issue is EUR 36,872,000, divided into
335,200,000 shares, each with a par value of EUR 0.11.
In the period between the above share issue and the issue of the remaining
shares to Perestroika AS and other investors in the private placement in
connection with the EGM, Perestroika AS will together with related parties hold
a total of 192,579,650 shares in the Company, corresponding to 57.45% of the
outstanding share capital at that time.
Limassol, 17 December 2013
For further information, please contact:
Jan Rune Steinsland, CFO (+47 97052533)
This information is subject of the disclosure requirements pursuant to the
Norwegian Securities Trading Act Â§5-12.
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Source: Songa Offshore SE via GlobeNewswire