Supplemental Document
(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 September 2010 - Reference is made to BW Offshore Limited's ("BW Offshore")
stock exchange notice of 13 September 2010 regarding BW Offshore Cyprus Ltd's
agreement to sell all of its shares in its subsidiary APL (Advanced Production &
Loading) Plc to National Oilwell Varco Norway AS (the "APL Transaction") and the
offer document dated 27 July 2010 (the "Offer Document") from 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, as well as to the
stock exchange notice of 16 September 2010 regarding the adjustment of the Offer
and extension of the acceptance period in the Offer (the "Offer Period").
Further to the said announcements, BW Offshore has prepared an information
memorandum and supplemental document (the "Supplemental Document"), which has
been reviewed by Oslo Børs in accordance with Section 3.5 of Oslo Børs'
Continuing Obligations and by the Financial Supervisory Authority of Norway in
accordance with Section 7-15 cf. Sections 7-4 no 6 and 7-5 no 7 of the Norwegian
Securities Trading Act.
The adjusted consideration in the Offer is 1.2 shares in BW Offshore plus NOK
3.00 in cash for each share in Prosafe Production, and the Offer Period has been
extended to 30 September 2010 at 17:30 hours (CET).
Investors having accepted the Offer prior to publishing of the Supplemental
Document shall have the right to withdraw their acceptance within two business
days following the date of the publishing of the Supplemental Document, i.e.
within 20 September 2010 at 17:30 hours (CET), cf. Section 7-21, sub-section 2
of the Norwegian Securities Trading Act. In order to exercise such right,
investors must deliver their withdrawal to Carnegie ASA by mail, fax or by hand
within the said deadline to Carnegie ASA, Stranden 1, Aker Brygge, P.O.Box 684
Sentrum, N-0106 Oslo, Norway (fax number +47 22 00 99 60). Investors that have
accepted the Offer before the publishing of the Supplemental Document, and who
do not withdraw their acceptances, will be deemed to have accepted the adjusted
offer and will not be required to return a new acceptance form.
The Supplemental Document is available, subject to restrictions under applicable
securities laws, at the website of BW Offshore, www.bwoffshore.com, and the
website of Carnegie, www.carnegie.no. Further, the Supplemental Document will,
subject to restrictions under applicable securities laws, be sent to the
shareholders of Prosafe Production.
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#1444976]
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: BW Offshore via Thomson Reuters ONE
Unternehmensinformation / Kurzprofil:
Datum: 16.09.2010 - 23:16 Uhr
Sprache: Deutsch
News-ID 42661
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contact information:
Town:
Oslo
Kategorie:
Business News
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Die Pressemitteilung mit dem Titel:
"Supplemental Document"
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