Songa Offshore SE : Preliminæry result of the Subsequent Offering
(Thomson Reuters ONE) -
Reference is made to the stock exchange notice dated 27 May 2016 and the
prospectus dated 26 May 2016 regarding the subsequent offering (the "Subsequent
Offering") of up to 1,418,100,000 new shares in Songa Offshore SE ("Songa
Offshore"). Songa Offshore hereby announces the preliminary results of the
Subsequent Offering.
The subscription period in the Subsequent Offering expired at 16:30 hours (CET)
on 13 June 2016.
The offering was fully subscribed. As a result, Songa Offshore will issue
1,418,100,000 Shares at NOK 0.15 per Offer Share raising gross proceeds of NOK
212,715,000.
Allocation of Offer Shares will be made based on the allocation criteria set
out in the prospectus dated 26 May 2016. All subscribers being allocated Offer
Shares will receive an allocation letter confirming the number of Offer Shares
allocated to the subscriber and the corresponding amount to be paid. This
allocation letter is expected to be distributed on or about 14 June 2016.
Payment of the Offer Shares will fall due on or about 17 June 2016 and delivery
of the Offer Shares will take place on or about 23 June 2016.
The Offer Shares may not be transferred or traded before they are fully paid,
and the Offer Shares are registered in the Norwegian Central Securities
Depository (VPS). The Offer Shares will be admitted to trading on the Oslo Stock
Exchange upon delivery, expected to be on or about 23 June 2016. Following the
offering the total number of ordinary shares in Songa Offshore will increase by
1,418,100,000 from 873,912,544 to 2,292,012,544 shares. In addition, Songa
Offshore has 8,466,839,157 Class A Shares in issue, which will convert ordinary
shares and be admitted to trading on the Oslo Stock Exchange following release
of Songa Offshore's Q3 2016 report.
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The release is not for publication or distribution, in whole or in part directly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 information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
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#2020416]
Unternehmensinformation / Kurzprofil:
Datum: 14.06.2016 - 08:59 Uhr
Sprache: Deutsch
News-ID 477469
Anzahl Zeichen: 5629
contact information:
Town:
Oslo
Kategorie:
Business News
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"Songa Offshore SE : Preliminæry result of the Subsequent Offering"
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