PROS - Update on listing of shares issued in private placement in September 2012 and timing of subsequent repair offering
01 November 2012 - 8:58AM
GlobeNewswire
PROS - Update on listing of
shares issued in private placement in September 2012 and timing of
subsequent repair offering
Luxembourg, 31
October 2012: Prospector
Offshore Drilling S.A. (the "Company" or "PROS") - Reference is
made to the stock exchange notice issued on 18 September 2012
regarding the successfully completed private placement of USD 60
million in new equity.
The stock exchange notice on 18
September 2012 stated that listing and trading of the new shares
issued in the private placement are subject to approval of a
listing prospectus by the Luxembourg Commission de Surveillance du
Secteur Financier (the "CSSF"), and that such approval was expected
to be given on or about 31 October 2012. Due to unforeseen delays
in the CSSF's review of the prospectus, the Company now expects
that approval will be obtained in mid to late November 2012 and
that the new shares will be transferred to the same ISIN as the
existing shares of the Company and start trading immediately
thereafter.
In the same stock exchange notice,
the Company announced that it will conduct a subsequent repair
offering at the same subscription price as in the private placement
to existing shareholders as of 18 September 2012 that were not
being offered or invited to participate in the private placement.
It was further stated that the subscription period for the repair
offering was expected to commence on or about 1 November 2012. The
Company now has decided to postpone the subscription period for the
subsequent repair offering to coincide with the publication of the
prospectus referred to above. Consequently, the Company expects the
subscription period for the subsequent repair offering to commence
once the prospectus has been approved in mid to late November
2012.
About
PROS:
PROS is a high specification
jack-up drilling contractor. PROS currently has contracts in
place for the design, construction and delivery of six F&G
JU2000E high specification, harsh environment (HS/HE) jack-up
drilling rigs. The Company's first rigs are scheduled for
delivery commencing in the first quarter of 2013. PROS also
has option agreements for the construction of six additional rigs
of the same design. Upon deployment of its rigs, PROS, under
its proven management team, will have the newest fleet of HS/HE
jack-up rigs in the world, operating with the most advanced
drilling systems available in the industry. Reference is made
to the stock exchange notice issued on 23 October 2012 regarding
the potential sale of one of the Company's six rigs and the option
for the sale of another of the Company's rigs.
This press release contains
forward-looking statements that involve risks and
uncertainties. You are cautioned not to put undue reliance on
forward-looking statements because actual events and results may
differ materially from the expected results described by such
forward-looking statements. Prospector Offshore Drilling S.A.
disclaims any obligation to update and revise any forward-looking
statements, whether as a result of new information, future events
or otherwise.
Contact:
Steven A. Manz
Chief Financial Officer
Prospector Offshore Drilling S.A.
Tel: +1 281 560 8010
This information is subject
of the disclosure requirements pursuant to section 5-12 of the
Norwegian Securities Trading Act.
PROS_Update on listing of shares
issued in private placement in SEP
This
announcement is distributed by Thomson Reuters on behalf of Thomson
Reuters clients.
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the
information contained therein.
Source: Prospector Offshore Drilling via Thomson Reuters
ONE
HUG#1654290
Procentury Corp (MM) (NASDAQ:PROS)
Historical Stock Chart
From Aug 2024 to Sep 2024
Procentury Corp (MM) (NASDAQ:PROS)
Historical Stock Chart
From Sep 2023 to Sep 2024
Real-Time news about Procentury Corp (MM) (NASDAQ): 0 recent articles
More Prospector Offshore Drilling News Articles