Scorpion Offshore Ltd. - Board Remuneration and Restricted Share
Issuance
(Thomson Reuters ONE) - HAMILTON, BERMUDA - 1 December 2009Scorpion Offshore Ltd. ("Scorpion") has issued 263,916 common sharesto DnB NOR Bank ASA ("DnB"), the company registrar. These sharesrepresent the Board of Directors 1st quarter 2010 remuneration(27,070 shares) and grant of restricted shares to Scorpion employees(236,846 shares).The 263,916 shares issued are ordinary shares of Scorpion OffshoreLtd. with a par value of USD 0.002 per share. The addition of theseshares brings the total number of shares so admitted to 89,673,640.The shares were validly and legally issued, fully paid-up andproperly registered in the Share Register maintained by the Company,which is the relevant register under Bermuda law.Board RemunerationPer the Scorpion Offshore Ltd.'s Non-Employee Director's CompensationPlan approved by the Board on 10 February 2006, the share price onthe first trading day of the year is used to compute the number ofshares issued to Directors as compensation. The share price on 1 July2009 was NOK 23.00. For each fiscal year, aggregate Directorcompensation is reported by the Company in its quarterly financialstatements. On 26 November 2009, Scorpion issued shares ascompensation to the Directors for the first quarter of the fiscalyear ending 30 September 2009. Below is a summary of the sharesissued to date during this fiscal year:Robert SolbergShares issued for 1st quarter 2010 4,159Total number of shares held directly/indirectly 48,072Percentage of share capital 0.05%Mike HarveyShares issued for 1st quarter 2010 52,721Total number of shares held directly/indirectly 52,721Percentage of share capital 0.06%Christopher PausShares issued for 1st quarter 2010 3,713Total number of shares held directly/indirectly 9,309,474Percentage of share capital 10.38%Robert WoodsShares issued for 1st quarter 2010 3,466Total number of shares held directly/indirectly 29,883Percentage of share capital 0.03%Pat HerbertShares issued for 1st quarter 2010 3,466Total number of shares held directly/indirectly 32,816Percentage of share capital 0.04%James YardleyShares issued for 1st quarter 2010 3,094Total number of shares held directly/indirectly 27,783Percentage of share capital 0.03%Erling LindShares issued for 1st quarter 2010 1,547Total number of shares held directly/indirectly 15,412Percentage of share capital 0.02%Christen SveaasShares issued for 1st quarter 2010 3,466Total number of shares held directly/indirectly 14,970,928Percentage of share capital 16.69%The restricted shares received by Primary Insiders are as follows:Gabriel Padilla received 18,458 restricted shares (holdings -219,916)Jim Denney received 197,388 restricted shares (holdings - 197,388)This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 01.12.2009 - 21:21 Uhr
Sprache: Deutsch
News-ID 9120
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Business News
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Issuance"
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