New Issued Share Capital
(Thomson Reuters ONE) -
NOT FOR PUBLIC DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED
STATES OF AMERICA, SOUTH AFRICA, CANADA, AUSTRALIA OR JAPAN
8 October 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. Reference is further made to the
information memorandum and supplemental document dated 16 September 2010 (the
"Supplemental Document"), and previous announcements issued in connection with
the Offer.
Further to the stock exchange announcements earlier today, on 8 October 2010,
regarding the settlement notice and final acceptance level and the minutes of
the special general meeting, BW Offshore has issued 216,684,280 new shares, to
be delivered as consideration shares to the accepting Prosafe Production
shareholders under the Offer. The new number of issued and outstanding shares in
BW Offshore is 672,897,795, and all shares are validly and legally issued, fully
paid-up and properly registered.
It is expected that delivery of the consideration shares to the accepting
Prosafe Production shareholders will take place on or about 11 October 2010,
while the cash consideration payable under the Offer is expected to be provided
to the accepting Prosafe Production shareholders' registered bank accounts in
the VPS on or about 12 October 2010.
The accepting Prosafe Production shareholders should not transfer or sell
consideration shares to be received as settlement under the Offer before such
shares have been registered on the accepting Prosafe Production shareholders'
VPS accounts. Any accepting Prosafe Production shareholder that transfers
consideration shares to be received under the Offer before delivery of such
shares has taken place runs the risk of not being able to settle the sale or
transfer its BW Offshore shares in time.
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 andwww.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#1450311]
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: 08.10.2010 - 17:33 Uhr
Sprache: Deutsch
News-ID 44772
Anzahl Zeichen: 0
contact information:
Town:
Oslo
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 210 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"New Issued Share Capital"
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