Prosafe SE: Amended Q4 2015 report
(Thomson Reuters ONE) -
Reference is made to the Company update on 27 April 2016. As a result of the
negative developments following the preliminary Q4 2015 report dated 4 February
2016, the Company has made additional impairment charges to those included in
the preliminary Q4 2015 report.
The Board of Directors has amended the Q4 2015 report to include an additional
impairment of USD 136.2 million compared to the report published on 4 February
2016. This additional impairment charge relates to Safe Hibernia, Safe
Britannia, Safe Regency, Safe Lancia, Safe Concordia, Safe Astoria and Safe
Bristolia. Including the initial impairment of USD 9.4 million relating to
Jasminia, the total impairment charge in 2015 amounts to USD 145.6 million.
There has been a reclassification of USD 100 million of debt in the amended Q4
report from interest-bearing long-term debt to current portion of long-term
debt. In the amended Q4 report, current portion of long-term debt is USD 139.5
million and interest-bearing long-term debt is USD 1 107.4 million. The
comparable numbers in the original Q4 report was a current portion of long-term
debt of USD 39.5 million and an interest-bearing long-term debt of USD 1 207.5
million.
Please find attached amended Q4 2015 report.
Prosafe is the world's leading owner and operator of semi-submersible
accommodation vessels. The company operates globally, employs 850 people and is
headquartered in Larnaca, Cyprus. Prosafe is listed on the Oslo Stock Exchange
with ticker code PRS. For more information, please refer to www.prosafe.com.
Larnaca, 27 April 2016
Georgina Georgiou, General Manager
Prosafe SE
For further information, please contact:
Stig Harry Christiansen, Acting Chief Executive Officer and Chief Financial
Officer
Prosafe Management AS
Phone: +47 51 64 25 17
Cecilie Helland Ouff, Senior Manager Finance and Investor Relations
Prosafe AS
Phone: +47 51 64 25 20
This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
Amended Q4 2015 report:
http://hugin.info/64729/R/2007342/741996.pdf
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire 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: Prosafe SE via GlobeNewswire
[HUG#2007342]
Unternehmensinformation / Kurzprofil:
Datum: 27.04.2016 - 12:41 Uhr
Sprache: Deutsch
News-ID 466884
Anzahl Zeichen: 2925
contact information:
Town:
Larnaca
Kategorie:
Business News
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