PROS - Announces the completion of the application period of the subsequent offering and the publication of an additional prospectus supplement
(Thomson Reuters ONE) -
PROS - Announces the completion of the application period of the subsequent
offering and the publication of an additional prospectus supplement
Luxembourg, 6 December 2012: Reference is made to the announcement by Prospector
Offshore Drilling S.A. (the "Company" or "PROS") on 5 December 2012 regarding
the expiry of the subscription period for shares in the subsequent offer (the
"Offer Shares") at 16:30 (CET) on 5 December 2012, pursuant to a prospectus
dated 20 November 2012 (the "Prospectus").
The Company hereby confirms that the subscription period in the subsequent
offering expired at 16:30 (CET) on 5 December 2012. The Company has received
valid and acceptable applications for a total of 2,202,948 Offer Shares with
resulting proceeds of NOK 20.9 million, net fees of NOK 0.8 million; this is
based on an offer price of NOK 9.50 per Offer Share, as set out in the
Prospectus.
With further reference to the Company's announcement on 5 December 2012
regarding a jacking system update, the Company will, pursuant to applicable
securities law, issue an additional prospectus supplement (the "Prospectus
Supplement"). The Prospectus Supplement will be an update to the Prospectus and
the prospectus supplement dated 3 December 2012, opening a two-day period in
which applications made by Eligible Investors in the Subsequent Offering may be
withdrawn. The Prospectus Supplement must be approved by the Luxembourg
Commission de Surveillance du Secteur Financier (the "CSSF") and passported into
Norway before it can be published.
It is expected that the Prospectus Supplement will be published on or about 12
December 2012, with the specified two-day withdrawal period following
immediately thereafter. As such, certain dates projected in the Prospectus and
in previous announcements by the Company regarding the allocation, payment
debiting and issuance of Offer Shares in respect of the subsequent offering will
be amended. The Company currently estimates that the new projected dates will be
as follows:
· The final number of Offer Shares to be allocated, and the allocation of
such Offer Shares, will be announced on or about [14] December 2012;
· The debiting of the specified bank accounts will take place on or about
[18] December 2012; and
· The delivery of the Offer Shares will take place on or about [21]
December 2012.
For the sake of good order the Company emphasizes that the above-mentioned dates
may vary, depending on how quickly the approved Prospectus Supplement can be
announced.
About PROS:
PROS is a high specification jack-up drilling contractor. PROS has contracts for
the construction of six F&G JU2000E high specification, harsh environment
(HS/HE) jack-ups with deliveries commencing Q1 2013; the sale of shares of two
of the rig owning subsidiaries is pending. Additionally, PROS has options for
six rigs of the same design. Upon deployment, PROS will have the newest fleet of
HS/HE jack-ups in the world, operating with the most advanced drilling systems
under a proven management team.
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_Completion of subsequent offering and prospectus:
http://hugin.info/145297/R/1663250/539340.pdf
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#1663250]
Unternehmensinformation / Kurzprofil:
Datum: 06.12.2012 - 22:20 Uhr
Sprache: Deutsch
News-ID 210622
Anzahl Zeichen: 4922
contact information:
Town:
Luxembourg
Kategorie:
Business News
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