Songa Offshore SE : Completion of private place...

Reference is made to previous announcements regarding Songa Offshore SE's (the "Company") private placement of shares with gross proceeds of approximately USD 250 million and convertible bond issue with gross proceeds of USD 150 million, including the notice released on 18 December 2013 following approval of resolutions related to the transactions by the Company's extraordinary general meeting.

Settlement of the private placement and the convertible bond issue has now been completed. Following the completion of the private placement, the Company's issued and outstanding share capital is EUR 89,420,379.84 divided into 812,912,544 shares, each with a par value of EUR 0.11.

The 610,000,000 shares issued in the private placement have been placed on a separate ISIN and will not be tradable on Oslo Børs until approval and publication of a listing prospectus for the new shares and the convertible bonds, currently expected to take place mid-January 2014. As stated in previous announcements, the Company also intends to carry out a subsequent offering of shares which will be included in the same prospectus.

Information on how to participate in the subsequent offering and how to obtain the prospectus will be sent to all eligible shareholders as per 22 November 2013, being the last trading day prior to the announcement of the transaction.

Limassol, 23 December 2013

For further information, please contact:
Jan Rune Steinsland, CFO ([phone])

This information is subject of the disclosure requirements pursuant to the Norwegian Securities Trading Act §5-12.

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Songa Offshore SE via Globenewswire

HUG#1751887