Songa Offshore SE : Approved Prospectus and Commencement of the Subsequent Offering
(Thomson Reuters ONE) -
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR
INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES
Reference is made the stock exchange announcements made by Songa Offshore SE
(the "Company") regarding the refinancing announced on 15 March 2016 (the
"Refinancing").
The Financial Supervisory Authority of Norway has approved a prospectus prepared
by Company covering the following:
Listing of up to 8,466,839,157 shares issued in the Refinancing, the offering
and listing of up to 1,418,100,000 shares (the "Offer Shares") to be issued in
connection with the subsequent offering (the "Subsequent Offering") and listing
of new convertible bonds.
The Subsequent Offering comprises an offering of up to 1,418,100,000 Offer
Shares at a subscription price of NOK 0.15. The Company's shareholders as of 13
April 2016, as documented by the shareholder register in the Norwegian Central
Securities Depository (the "VPS") as of 15 April 2016 (T+2) (the "Record Date"),
and who are not resident in a jurisdiction where such offering would be
unlawful, or would (in jurisdictions other than Norway) require any prospectus
filing, registration or similar action, will receive non-transferable
subscription rights (the "Subscription Rights") based on their shareholding as
of that date ("Eligible Shareholders"). Over-subscription and subscription
without subscription rights will be allowed.
Each Eligible Shareholder will be granted 1.6227 Subscription Rights for each
Share registered as held by such Eligible Shareholder as of the Record Date
rounded down to the nearest whole Subscription Right. Each Subscription Right
will, subject to applicable securities laws, give the right to subscribe for and
be allocated one (1) Offer Share. The subscription period for the Subsequent
Offering commences on 30 May 2016 and expires at 16:30 hours, Oslo time, on 13
June 2016 (the "Subscription Period"). Please note that subscription rights that
are not used to subscribe for Offer Shares before the end of the Subscription
Period will lapse without compensation and consequently be of no value.
The Subsequent Offering is managed by ABG Sundal Collier ASA and Swedbank.
The Prospectus together with the Subscription Form will be available from 30 May
2016 at www.songaoffshore.com, www.abgsc.no and www.swedbank.no, and will also
be available free of charge at the business offices of the Company, ABG Sundal
Collier ASA and Swedbank.
Subscriptions may be made by duly completing and delivering the subscription
form, in accordance with the terms and conditions set out in the Prospectus, to
one of the following subscription offices:
ABG Sundal Collier
Tel: +47 22 01 60 00
Fax: +47 22 01 60 62
www.abgsc.com
Swedbank Norge
Tel: +47 23 11 62 00
Fax: +47 23 11 62 01
www.swedbank.no
Norwegian investors with a VPS account can in addition subscribe for Offer
Shares online at www.abgsc.no or www.swedbank.no.
27 May 2016
Limassol, Cyprus
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
* * * * *
Important information:
The release is not for publication or distribution, in whole or in part directly
or indirectly, in or into Australia, Canada, Japan or the United States
(including its territories and possessions, any state of the United States and
the District of Columbia).
This release is an announcement issued pursuant to legal information
obligations, and is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act. It is issued for information
purposes only, and does not constitute or form part of any offer or solicitation
to purchase or subscribe for securities, in the United States or in any other
jurisdiction. The securities mentioned herein have not been, and will not be
registered under the United States Act of 1933, as amended (the "Securities
Act"). The Securities may not be offered or sold in United States except
pursuant to an exemption from the registration requirements of the Securities
Act. The Company does not intend to register any portion of the offering of the
securities in the United States or to conduct a public offering of the
securities in United States. Copies of this announcement are not being made and
may not be distributed or sent into Australia, Canada, Japan or the United
States. The subscription or purchase of shares in the Company is subject to
specific legal or regulatory restrictions in certain jurisdictions. Neither the
Company nor the Managers assumes any responsibility in the event there is a
violation by any person of such restrictions.
The distribution of this release may in certain jurisdictions be restricted by
law. Persons into whose possession this release comes should inform themselves
about and observe any such restrictions. Any failure to comply with these
restrictions may constitute violation of the securities laws of any such
jurisdiction. The Managers are acting for the Company and no one else in
connection with the Subsequent Offering and will not be responsible to anyone
other than the Company for providing the protections afforded to their
respective clients or for providing advice in relation to any other matter
referred to in this release.
Forward-looking statements:
This release and any materials distributed in connection with this release may
contain certain forward-looking statements. By their nature, forward-looking
statements involve risk and uncertainty because they reflect the Company's
current expectations and assumptions as to future events and circumstances that
may not prove accurate. A number of material factors could cause actual results
and developments to differ materially from those expressed or implied by these
forward-looking statements.
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: Songa Offshore SE via GlobeNewswire
[HUG#2016109]
Unternehmensinformation / Kurzprofil:
Datum: 27.05.2016 - 11:05 Uhr
Sprache: Deutsch
News-ID 474074
Anzahl Zeichen: 7102
contact information:
Town:
Oslo
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 306 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Songa Offshore SE : Approved Prospectus and Commencement of the Subsequent Offering"
steht unter der journalistisch-redaktionellen Verantwortung von
Songa Offshore SE (Nachricht senden)
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