Extension of offer period
(Thomson Reuters ONE) -
NOT FOR PUBLIC DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED
STATES OF AMERICA, SOUTH AFRICA, CANADA, AUSTRALIA OR JAPAN
16 August 2010 - Reference is made to the offer document dated 27 July 2010 (the
"Offer Document") from BW Offshore Limited ("BW Offshore") regarding the
voluntary exchange offer (the "Offer") for all of the issued and outstanding
shares of Prosafe Production Public Limited ("Prosafe Production") not currently
owned, directly or indirectly, by BW Offshore. The initial acceptance period in
the Offer (the "Offer Period") was from and including 29 July 2010 to and
including 25 August 2010 at 17:30 (CET).
BW Offshore has decided to extend the Offer Period by two weeks in order to
ensure that any possible developments relating to BW Offshore that could be
relevant for assessing the Offer is available to the market prior to expiry of
the Offer Period.
Following the extension, the Offer Period will expire on 8 September 2010 at
17:30 (CET).
For further information, please contact:
Carl K. Arnet, CEO, +65 9630 3290
Knut R. Sæthre, CFO, +47 9111 7876
About BW Offshore
BW Offshore is one of the world's leading FPSO contractors and a market leader
within advanced offshore loading and production systems to the oil and gas
industry. BW Offshore has more than 25 years' experience and has successfully
delivered 14 FPSO projects and 50 turrets and offshore terminals. BW Offshore's
technology division APL has delivered solutions for production vessels, storage
vessels and tankers in a wide range of field developments. Adapting through
competence, in-house technology, solid project execution and operational
excellence, BW Offshore ensures that customer needs are met through versatile
solutions for offshore oil and gas projects. BW Offshore has a global network
with offices in Europe, Asia Pacific, West Africa and the Americas. BW Offshore
has 1,100 employees and is listed on the Oslo Stock Exchange. For more
information, please visit www.bwoffshore.com and www.apl.no.
This information is subject to the disclosure requirements pursuant to Section
5-12 of the Norwegian Securities Trading Act.
This announcement is not an offer for sale of any securities in the United
States. Securities may not be offered or sold in the United States absent
registration or an exemption from registration under the U.S. Securities Act. BW
Offshore has not registered and does not intend to register any portion of any
offering of shares in the United States or to conduct a public offering of any
securities in the United States.
[HUG#1438034]
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.
All reproduction for further distribution is prohibited.
Source: BW Offshore via Thomson Reuters ONE
Unternehmensinformation / Kurzprofil:
Datum: 16.08.2010 - 07:30 Uhr
Sprache: Deutsch
News-ID 39686
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contact information:
Town:
Oslo
Kategorie:
Business News
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"Extension of offer period"
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