Funds managed by DNB Asset Management AS have
subscribed and received a conditional allocation of
361 752 565 new shares in Prosafe SE as approved by
the General Meeting in the company today.
Funds managed by DNB Asset Management AS will, if all
conditions are met, own 361 752 565 share in the
company after the refinancing process is completed,
representing 5,27% of outstanding shares. This
ownership share is based upon the following
assumptions;
1. 4,376,600,000 new shares in connection with the
private placement
2. a convertible bond of NOK 82.79 million convertible
into 331,163,764 new shares
3. 1,396,836,250 new shares as consideration for the
bond conversion
4. shareholders as of close of trade on 12 July 2016
(as recorded in VPS on 14 July 2016) that did not
subscribe in the private placement will, subject to
applicable restrictions, receive non-transferable
subscription rights for up to 504,000,000 shares
5. 259 570 359 existing shares
Totaling 6 868 170 373 outstanding shares
Please see attached link to press release published by
Prosafe SE at Oslo Stock Exchange for further details
about the refinancing process.
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