PROS - Announces the completion of the subsequent offering
14 December 2012 - 9:28AM
PROS -
Announces the completion of the subsequent
offering
Luxembourg,
13 December 2012: Reference is made to the announcement on 21
November 2012 and 11 December 2012 regarding approval of a
prospectus in relation to the listing of shares pursuant to the
private placement of 36,000,000 shares in Prospector Offshore
Drilling S.A (the "Company" or "PROS") and the subsequent offering
of 2,800,000 shares in the Company to eligible shareholders. The
withdrawal period following the publication of the prospectus
supplement dated 10 December 2012 expired at 16:30 (CET) on 12
December 2012, and following such expiry the Company has received
subscriptions with subscription rights for 2,202,598 shares at the
purchase price of NOK 9.50 per share. As a result of the offering,
the Company will receive proceeds of approximately USD 3.6 million,
net of fees. Consequently, and following final board approval at a
board meeting of the Company to take place next week, 2,202,598
shares in the Company will be issued to the subscribers of shares
in the subsequent offering.
Following the subsequent offering, the total
number of issued shares in the Company will be 94,497,598, each
with a nominal value of USD 0.01.
About PROS:
PROS is a high specification jack-up drilling
contractor. PROS currently has contracts in place for the
design, construction and delivery of four F&G JU2000E high
specification, harsh environment (HS/HE) jack-up drilling
rigs. The Company's first rig is 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.
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
PROS_Announces the completion of
the subsequent offering
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
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